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keel
Ledger
65,294,426
Methodology
1.0.8-draft
Age
9s

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
68.75 USDC (shortened; full value 68.7561885506092140949071925 USDC)Limited by manipulation cost
Depth within 5%
buy187.21 USDC (shortened; full value 187.2143690647001477825708551913 USDC)sell123.32 USDC (shortened; full value 123.329156878327458212248360576860335519717177163526 USDC)
Cost to move +50%
275.02 USDC (shortened; full value 275.02475420243685637962877 USDC)Reachable through the order book
Checks
3 triggered3 not evaluated

Cost to move the price 50%

The stored series carries one manipulation rung, the +50% move. A reading the engine could not produce breaks the line rather than sitting at zero.

Higher at the end of the window than at its start

Lowest
93.45 USDC (shortened; full value 93.45453790218017214320994 USDC)
Highest
799.60 USDC (shortened; full value 799.60439620403403069027387 USDC)
2026-10-28T02:54:28Z — 2026-11-04T01:54:29Z
Cost to move +50%
275.48 USDC (shortened; full value 275.48036870248485399402741 USDC)
168 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%ZERO_DEPTH_2PCT57 of 168

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.

Both price sources, not only the one that won, and the pair that set the band.

Price used
0.00333542 USDC (shortened; full value 0.00333542259656055 USDC)

Order book mid

AMM pool spot price
0.00333269 USDC (shortened; full value 0.0033326914338842 USDC)

The pool with the largest quote reserve, reported whichever source set the price

Book against pool
0.0819 % (shortened; full value 0.08195066151584493993797532 %)

Past the methodology threshold, the pool price is used and PRICE_SOURCE_CONFLICT fires

Spread
0.3499 % (shortened; full value 0.34990977183925574071259461 %)

Best ask minus best bid, over the mid