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keel
Ledger
64,752,665
Methodology
1.0.8-draft
Age
4s

AMM against USDC — what depth stands behind this price?

All assets

AMM / USDC

GARQ…BDOQ

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
13.85 USDC (shortened; full value 13.853265125 USDC)Limited by manipulation cost
Depth within 5%
buy43.06 USDC (shortened; full value 43.0644883248571113045856390816 USDC)sell43.89 USDC (shortened; full value 43.890712568968860158312139644732466792196361671517 USDC)
Cost to move +50%
55.41 USDC (shortened; full value 55.4130605 USDC)Reachable through the order book
Checks
7 triggered3 not evaluated

History

Window
Resolution
Source

Price

The midpoint the engine read at each scan. It says what the market quotes, not what it can absorb.

Lower at the end of the window than at its start

Lowest
0.00197545 USDC (shortened; full value 0.0019754510036518 USDC)
Highest
0.00239840 USDC (shortened; full value 0.0023984062212651 USDC)
2026-09-11T17:47:50Z — 2026-10-02T10:38:27Z
Mid price
0.00206928 USDC (shortened; full value 0.002069285151989 USDC)
498 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
Price sources disagreenowPRICE_SOURCE_CONFLICTthroughout
Extreme spreadnowSPREAD_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Cheap next to real tradingnowMANIPULATION_RATIO_LOW148 of 498
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREME148 of 498
Supply is concentratednowHOLDER_CONCENTRATION_HIGH148 of 498
No genuine trade in 30 daysNO_GENUINE_TRADE_30D197 of 498
No genuine trade in 7 daysNO_GENUINE_TRADE_7D197 of 498

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.

The ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.

13.85 USDC (shortened; full value 13.853265125 USDC)

Limited by manipulation cost

Liquidation term
44.47 USDC (shortened; full value 44.476230468727677578295762311029311106322648712414 USDC)

Sell-side depth at the liquidation delta, times the haircut.

Manipulation termbinds
13.85 USDC (shortened; full value 13.853265125 USDC)

Order-book-only manipulation cost at the critical delta, times the safety margin.