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keel
Ledger
65,294,246
Methodology
1.0.8-draft
Age
7s

VELO against USDC — what depth stands behind this price?

All assets

VELO / USDC

GDM4…2M5M

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
68.87 USDC (shortened; full value 68.8700921756212134985068525 USDC)Limited by manipulation cost
Depth within 5%
buy182.45 USDC (shortened; full value 182.4561125274594461716650777099 USDC)sell81.58 USDC (shortened; full value 81.585703641477508606440889980384228307974111764734 USDC)
Cost to move +50%
275.48 USDC (shortened; full value 275.48036870248485399402741 USDC)Reachable through the order book
Checks
4 triggered3 not evaluated

History

Window
Resolution
Source

Buy-side depth

What an order can absorb before the price moves against a buyer. The rungs are nested, so one scale covers all three.

Lower at the end of the window than at its start

Lowest
0 USDC
Highest
234.24 USDC (shortened; full value 234.2475953392089425216096882403 USDC)
2026-11-03T02:54:34Z — 2026-11-04T01:54:29ZOne scale across every line on this chart
2% from mid
0 USDC
5% from mid
182.45 USDC (shortened; full value 182.4561125274594461716650777099 USDC)
10% from mid
201.00 USDC (shortened; full value 201.0056925096659451049070035026 USDC)
24 readings from horizon, with no gaps reported. One source per chart.

Checks

What fires now, how long it has been firing across the window above, and what could not run.
Cheap to move the pricenowMANIPULATION_CHEAPthroughout
Cheap next to real tradingnowMANIPULATION_RATIO_LOWthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Nothing tradable within 2%nowZERO_DEPTH_2PCT4 of 24

Not evaluated3

  • No genuine trade in 30 days
  • No genuine trade in 7 days
  • Volume may be wash traded

Evidence

The figures behind the verdict, as the engine served them.

Read cost together with reachability: a figure on an unreachable rung says how far the book goes, not what the move costs.

Cost to move the price by each delta, through all venues and through the order book alone, with whether the target is reachable at all.
MoveTarget priceCost, all venuesCost, order book only
+50%0.004874 USDC (shortened; full value 0.004874495264861475 USDC)357.78 USDC (shortened; full value 357.7862112176666414846928277587 USDC)275.48 USDC (shortened; full value 275.48036870248485399402741 USDC)
+100%0.006499 USDC (shortened; full value 0.0064993270198153 USDC)518.62 USDC (shortened; full value 518.6229262851632442000927177143 USDC)362.77 USDC (shortened; full value 362.77623710514759879597321 USDC)
+1,000%0.035746 USDC (shortened; full value 0.03574629860898415 USDC)63,781.75 USDC (shortened; full value 63781.7518371459088332132207567473 USDC)62,887.49 USDC (shortened; full value 62887.49854534593284823843198 USDC)
+10,000%0.328216 USDC (shortened; full value 0.32821601450067265 USDC)612,212.87 USDC (shortened; full value 612212.8776249085168688110288925018 USDC)608,705.16 USDC (shortened; full value 608705.16369042365812823843198 USDC)

Reachability on the all-venues ladder is unconditionally true whenever an active pool exists, because a constant product curve has no upper price bound. The order-book-only column is the one that answers whether a target is attainable, and it is the one Keel itself uses.

Highest price the book can reach
not computed

Absorbing every ask. Not computed when an active pool exists, because a constant product curve has no highest price

Cost to reach it
not computed

Every ask below that price. Catches an attack that lands between two rungs of the ladder