Keel — Stellar liquidity risk

EURC / USDC

GDHU…NPP2

Risk band

Medium

partial confidence

A floor: the real band can only be worse.

Max safe collateral: 14,236.38 USDC (shortened; full value 14236.386526105226761388373855222355764878019043356777 USDC)Limited by liquidation depth
Depth within 5%: buy105,299.05 USDC (shortened; full value 105299.0596405784868555983968007179 USDC)sell26,035.78 USDC (shortened; full value 26035.78170776381872074740524770284628079531084057805 USDC)
Cost to move +50%: 106,206.64 USDC (shortened; full value 106206.646779496430340688849 USDC)Reachable through the order book
Checks: 1 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.

Lower at the end of the window than at its start

Lowest: 25,734.92 USDC (shortened; full value 25734.9239762461685256211515809608 USDC)
Highest: 310,182.81 USDC (shortened; full value 310182.8182521137007454226560194727 USDC)

2026-09-26T14:50:56Z — 2026-10-03T13:53:37ZOne scale across every line on this chart

2% from mid: 68,518.72 USDC (shortened; full value 68518.7216164393305746082110884974 USDC)
5% from mid: 105,785.10 USDC (shortened; full value 105785.1069968072343141486883927947 USDC)
10% from mid: 106,538.95 USDC (shortened; full value 106538.9504367498616522545242203212 USDC)

168 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.

Thin depth at 5%nowTHIN_DEPTH_5PCT

108 of 168

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: 106,206.64 USDC (shortened; full value 106206.646779496430340688849 USDC)
The target is reachable through the order book
Genuine volume in the oracle window: 1,128.88 USDC (shortened; full value 1128.8883055 USDC)
Over the last 900 seconds (15 minutes), after the genuine-trade filter
Cost against genuine volume: 94.0807 (shortened; full value 94.0807396640149093480788556189)
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: 107,335.53 USDC (shortened; full value 107335.535084996430340688849 USDC)
The move, plus the genuine volume an averaging oracle forces an attacker to outweigh