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keel
Ledger
64,750,865
Methodology
1.0.8-draft
Age
5s

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 43.0673697151849031132558702994 USDC)sell43.89 USDC (shortened; full value 43.89364924091355199990508510308703287705264483449 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

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.

Lower at the end of the window than at its start

Lowest
17.25 USDC (shortened; full value 17.2576747926321909913562765627 USDC)
Highest
92.97 USDC (shortened; full value 92.9731816277596057499062302393 USDC)
2026-09-11T17:47:50Z — 2026-10-02T10:38:27ZOne scale across every line on this chart
2% from mid
17.66 USDC (shortened; full value 17.6696143268394968854202512449 USDC)
5% from mid
43.85 USDC (shortened; full value 43.8523440549828807755137353889 USDC)
10% from mid
86.67 USDC (shortened; full value 86.6724342630740371127507332661 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 44.47920631693287406918297659276933156132140578758 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.