Skip to content
keel
Ledger
64,751,764
Methodology
1.0.8-draft
Age
9s

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 43.0681065474116369492462960259 USDC)sell43.89 USDC (shortened; full value 43.894400209814683960428622833771671539072243219473 USDC)
Cost to move +50%
55.41 USDC (shortened; full value 55.4130605 USDC)Reachable through the order book
Checks
7 triggered3 not evaluated

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
17.45 USDC (shortened; full value 17.4599669470378978119261939096 USDC)
Highest
91.42 USDC (shortened; full value 91.4286972790000966890970666388 USDC)
2026-09-11T23:47:49Z — 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)
22 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_LOW7 of 22
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREME7 of 22
Supply is concentratednowHOLDER_CONCENTRATION_HIGH7 of 22
No genuine trade in 30 daysNO_GENUINE_TRADE_30D9 of 22
No genuine trade in 7 daysNO_GENUINE_TRADE_7D9 of 22

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.

Both price sources, not only the one that won, and the pair that set the band.

Price used
0.00199497 USDC (shortened; full value 0.0019949766435543 USDC)

AMM pool spot price, because the book and the pool disagree or the book is one-sided

AMM pool spot price
0.00199497 USDC (shortened; full value 0.0019949766435543 USDC)

The pool with the largest quote reserve, reported whichever source set the price

Book against pool
28.9883 % (shortened; full value 28.98830814667176070506999066 %)

Past the methodology threshold, the pool price is used and PRICE_SOURCE_CONFLICT fires

Spread
138.6816 % (shortened; full value 138.6816570312090403294014049 %)

Best ask minus best bid, over the mid