What depth stands behind this price?
neco against USDC · GB5NWT…22OL4S
How much can this asset safely back?
- Low
- Medium
- High
- Critical — this asset
Criticalpartial confidence
A band marked partial is a floor. At least one high-severity check could not be evaluated, so the real band can only be worse than the one shown, never better.
0 USDC
Limited by manipulation cost
- Liquidation term
- 20.60 USDC (shortened; full value 20.608027269146333208004868639874188276752961627814 USDC)
Sell-side depth at the liquidation delta, times the haircut.
- Manipulation termbinds
- 0 USDC
Order-book-only manipulation cost at the critical delta, times the safety margin.
These bands come from thresholds that were chosen, not calibrated
The thresholds were chosen based on the magnitude of the Blend incident of February 2026 and on conservative judgement, not calibrated against a set of incidents. Every flag is reported separately so that consumers can apply their own thresholds.
Where this number comes from
- Source
- GET /asset/{assetId}/depth → maxSafeCollateral, maxSafeCollateralLiquidation, maxSafeCollateralManipulation
- What it is
- Awaiting methodology copy.
- What it does not account for
- Awaiting methodology copy.
What this computation could not do
- maxReachablePrice and costToMaxReachablePrice are null because an active pool is present: under a constant product curve the price tends to infinity as the base reserve tends to zero, so every target is reachable and a highest price has no meaning
Served by the engine with this response and shown as written.
Where does the price come from?
- Mid price
- 0.01739071 USDC (shortened; full value 0.0173907191785661 USDC)
Source: AMM pool spot
- Spread
- not computed
Undefined unless the price came from a two-sided book
- Pool spot price
- 0.01739071 USDC (shortened; full value 0.0173907191785661 USDC)
Reported whenever an active pool exists, whichever source won
- Divergence between the two
- not computed
Null means there is no pool to diverge from, not that the sources agree
Where this number comes from
- Source
- GET /asset/{assetId}/depth → midPrice, priceSource, spreadPct, poolSpotPrice, priceDivergencePct
- What it is
- Awaiting methodology copy.
- What it does not account for
- Awaiting methodology copy.
What volume can it absorb before the price moves?
- SDEX
- AMM
- Sell side, composition not reported
2% from mid
5% from mid
10% from mid
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.
Where this number comes from
- Source
- GET /asset/{assetId}/depth → depth[]
- What it is
- Awaiting methodology copy.
- What it does not account for
- Awaiting methodology copy.
What would it cost to move the price?
| Move | Target price | Cost, all venues | Cost, order book only |
|---|---|---|---|
| 0.5% | 0.026086 USDC (shortened; full value 0.02608607876784915 USDC) | 181.59 USDC (shortened; full value 181.5963655401028409262376516503 USDC) | free to reach |
| 1% | 0.034781 USDC (shortened; full value 0.0347814383571322 USDC) | 334.68 USDC (shortened; full value 334.6891834221753490867411943163 USDC) | free to reach |
| 10% | 0.191297 USDC (shortened; full value 0.1912979109642271 USDC) | 1,871.85 USDC (shortened; full value 1871.8586975702058799080755831915 USDC) | free to reach |
| 100% | 1.756462 USDC (shortened; full value 1.7564626370351761 USDC) | 7,312.40 USDC (shortened; full value 7312.4005509432891719246837645777 USDC) | free to reach |
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.
How far the book actually goes
- Furthest price the book reaches
- not computed
Null by structure, not by failure: an active pool means every target is reachable and a highest price has no meaning
- Cost to walk it that far
- not computed
Null for the same reason as the price above
Against genuine volume
Not reported for this asset. Without it there is no comparison between the cost of an attack and the genuine trading it would have to hide inside.
Where this number comes from
- Source
- GET /asset/{assetId}/depth → manipulationCostCombined[], manipulationCostOrderbookOnly[], oracleResistance
- What it is
- Awaiting methodology copy.
- What it does not account for
- Awaiting methodology copy.
Which checks fired, and which could not run?
Triggered(3)
- MANIPULATION_CHEAP
- MANIPULATION_RATIO_LOW
- THIN_DEPTH_5PCT
Could not be evaluated(5)
- PRICE_SOURCE_CONFLICT
- SPREAD_EXTREME
- NO_GENUINE_TRADE_30D
- NO_GENUINE_TRADE_7D
- WASH_TRADE_SUSPECTED
Where this number comes from
- Source
- GET /asset/{assetId}/depth → flags[], unevaluatedFlags[], bandConfidence
- What it is
- Awaiting methodology copy.
- What it does not account for
- Awaiting methodology copy.
Who holds it, and is it genuinely traded?
- Largest holder
- 19.5444 % (shortened; full value 19.54444700880844907587592889 %)
- Top ten holders
- 66.0703 % (shortened; full value 66.07035643008727181208888834 %)
- Concentration index
- 860.17 (shortened; full value 860.1792510801507081751264744130149628651307895388465783)
Herfindahl–Hirschman, over the holder distribution
- Volume excluded as not genuine
- not computed
Of 30 day volume. A high share indicates suspected wash trading
- Volume to supply, 30 day
- not computed
- Last genuine trade
- not computed
No genuine trade was found in the window
Where this number comes from
- Source
- GET /asset/{assetId}/depth → holderTop1Pct, holderTop10Pct, holderHhi, volumeToSupply, lastGenuineTrade, tradesExcludedPct
- What it is
- Awaiting methodology copy.
- What it does not account for
- Awaiting methodology copy.
How has this moved over time?
8 readings from horizon, with no gaps reported. One source per chart.
Band at each reading
- Critical
- 8 of 8
Which checks were firing
Whether a finding has been there all along or started recently. Only checks that fired at least once appear.
MANIPULATION_CHEAPTHIN_DEPTH_5PCTMANIPULATION_RATIO_LOWPrice
- Lowest
- 0.01727329 USDC (shortened; full value 0.0172732931361765 USDC)
- Highest
- 0.01749102 USDC (shortened; full value 0.0174910296022577 USDC)
- Mid price
- 0.01739071 USDC (shortened; full value 0.0173907191785661 USDC)
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, and the lines darken as the rung widens.
- Lowest
- 8.01 USDC (shortened; full value 8.0126734136200945302107087302 USDC)
- Highest
- 39.54 USDC (shortened; full value 39.5491698014923309757406827427 USDC)
- 2% from mid
- 8.04 USDC (shortened; full value 8.0401101248540258293945035858 USDC)
- 5% from mid
- 19.95 USDC (shortened; full value 19.9538976297574041322721151122 USDC)
- 10% from mid
- 39.43 USDC (shortened; full value 39.4380943111920633874159766241 USDC)
Cost to move the price by half
The series carries one manipulation rung, at the half per cent delta the engine treats as critical. A reading the engine could not produce breaks the line rather than sitting at zero.
- Lowest
- 0 USDC
- Highest
- 0 USDC
- Manipulation cost, 0.5%
- 0 USDC
Collateral ceiling
- Lowest
- 0 USDC
- Highest
- 0 USDC
- Max safe collateral
- 0 USDC
Where this number comes from
- Source
- GET /asset/{assetId}/history → points[], gaps[], dataSource
- What it is
- Awaiting methodology copy.
- What it does not account for
- Awaiting methodology copy.
What was this computed from?
- Ledger
- 64,490,134
Closed at 2026-09-18T13:00:48Z
- Computed at
- 2026-09-18T13:00:53.754306Z
- Data source
- horizon
- Methodology
- 1.0.8-draft
The version that produced these figures, not the one this page was built against