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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

Collateral ceiling

The most this asset could back at each reading: the lower of the liquidation and manipulation limits.

Lower at the end of the window than at its start

Lowest
1.21 USDC (shortened; full value 1.2115281526274149353457263539919126138854270155125 USDC)
Highest
499.84 USDC (shortened; full value 499.84445380006030307593469578685586986482490837392 USDC)
2026-10-05T01:54:32Z — 2026-10-25T21:39:28Z
Max safe collateral
76.06 USDC (shortened; full value 76.0683707009841159869075475 USDC)
501 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 next to real tradingnowMANIPULATION_RATIO_LOWthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Cheap to move the pricenowMANIPULATION_CHEAP348 of 501
Nothing tradable within 2%nowZERO_DEPTH_2PCT117 of 501
Extreme spreadSPREAD_EXTREME84 of 501
Price sources disagreePRICE_SOURCE_CONFLICT42 of 501

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.

Volume each side can absorb before the price moves 2, 5 or 10 per cent. Buy side bears on oracle manipulation, sell side on liquidation.

  • SDEX
  • AMM
  • Sell side, composition not reported

2% from mid

Buy side
0 USDC
Sell side
8.77 USDC (shortened; full value 8.775326685623279829247600591115826603218628512982 USDC)

5% from mid

Buy side
182.45 USDC (shortened; full value 182.4561125274594461716650777099 USDC)
Sell side
81.58 USDC (shortened; full value 81.585703641477508606440889980384228307974111764734 USDC)

10% from mid

Buy side
201.00 USDC (shortened; full value 201.0056925096659451049070035026 USDC)
Sell side
3,274.13 USDC (shortened; full value 3274.131925761111628557385417280994148511948549726854 USDC)

Bars share one scale. The venue split decomposes the buy side; the sell side is drawn as an outline because its composition is not reported.