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keel
Ledger
64,752,125
Methodology
1.0.8-draft
Age
5s

AQUA against USDC — what depth stands behind this price?

All assets

AQUA / USDC

GBNZ…AQUA

Risk band

Medium

partial confidence

A floor: the real band can only be worse.

Max safe collateral
8,093.89 USDC (shortened; full value 8093.898834450041437070293385 USDC)Limited by manipulation cost
Depth within 5%
buy27,522.28 USDC (shortened; full value 27522.2815726213139728398311659422 USDC)sell24,952.83 USDC (shortened; full value 24952.83516253499568303334964030025867749893642289058 USDC)
Cost to move +50%
32,375.59 USDC (shortened; full value 32375.59533780016574828117354 USDC)Reachable through the order book
Checks
2 triggered3 not evaluated

History

Window
Resolution
Source

Collateral ceiling

The most this asset could back at each reading: the lower of the liquidation and manipulation limits.

Higher at the end of the window than at its start

Lowest
1,879.27 USDC (shortened; full value 1879.2711003250072968410995375 USDC)
Highest
8,614.54 USDC (shortened; full value 8614.54532975004102403227313 USDC)
2026-09-26T17:50:46Z — 2026-10-03T16:38:27Z
Max safe collateral
8,349.17 USDC (shortened; full value 8349.1751622000433588970242925 USDC)
168 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.
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
Cheap next to real tradingMANIPULATION_RATIO_LOW155 of 168
Cheap to move the priceMANIPULATION_CHEAP24 of 168

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.

8,093.89 USDC (shortened; full value 8093.898834450041437070293385 USDC)

Limited by manipulation cost

Liquidation term
12,795.07 USDC (shortened; full value 12795.07638214798615539224614764974256830104307515032 USDC)

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

Manipulation termbinds
8,093.89 USDC (shortened; full value 8093.898834450041437070293385 USDC)

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