Keel — Stellar liquidity risk

AFR / USDC

GBX6…N54W

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral: 26.59 USDC (shortened; full value 26.595925983707962975099265609200323847801502887551 USDC)Limited by liquidation depth
Depth within 5%: buy55.20 USDC (shortened; full value 55.2074491385777023036217465395 USDC)sell23.30 USDC (shortened; full value 23.306281070070181638902373548379866938380350706034 USDC)
Cost to move +50%: 615.21 USDC (shortened; full value 615.21492050003293712022968 USDC)Reachable through the order book
Checks: 3 triggered3 not evaluated

History

Window

Resolution

Source

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

Higher at the end of the window than at its start

Lowest: 11.34 USDC (shortened; full value 11.3416536422160290013802670735 USDC)
Highest: 83.09 USDC (shortened; full value 83.0971058883473464158298725817 USDC)

2026-10-02T23:53:22Z — 2026-10-03T17:08:22ZOne scale across every line on this chart

2% from mid: 38.15 USDC (shortened; full value 38.1556811990958737054899257777 USDC)
5% from mid: 55.20 USDC (shortened; full value 55.2084505978502906120449219218 USDC)
10% from mid: 83.09 USDC (shortened; full value 83.0971058883473464158298725817 USDC)

2 readings from horizon, with no gaps reported. One source per chart.

What fires now, how long it has been firing across the window above, and what could not run.

Cheap to move the pricenowMANIPULATION_CHEAP

throughout

Cheap next to real tradingnowMANIPULATION_RATIO_LOW

throughout

Thin depth at 5%nowTHIN_DEPTH_5PCT

throughout

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

An averaging oracle makes an attacker outweigh genuine trading as well as move the book. A market with no genuine volume has no such defence.

Cost of a 50% move, order book only: 615.21 USDC (shortened; full value 615.21492050003293712022968 USDC)
The target is reachable through the order book
Genuine volume in the oracle window: 0 USDC
Over the last 900 seconds (15 minutes), after the genuine-trade filter
Cost against genuine volume: not computed
Below 1, moving the price is cheaper than all genuine trading across the window. Not computed when there was no genuine volume or the target is unreachable
Total attack cost: 615.21 USDC (shortened; full value 615.21492050003293712022968 USDC)
The move, plus the genuine volume an averaging oracle forces an attacker to outweigh