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: 12,508.54 USDC (shortened; full value 12508.542578198517488079432877104735020443808715352032 USDC)Limited by liquidation depth
Depth within 5%: buy100,822.83 USDC (shortened; full value 100822.835128356035909253581737447 USDC)sell23,856.96 USDC (shortened; full value 23856.961625289281664065893106624750670545194242064704 USDC)
Cost to move +50%: 101,549.14 USDC (shortened; full value 101549.145721478650408770065 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: 68,013.85 USDC (shortened; full value 68013.8598209795934245038800079957 USDC)
Highest: 299,461.57 USDC (shortened; full value 299461.5776535623392768726664585382 USDC)

2026-10-02T15:53:37Z — 2026-10-03T15:08:42ZOne scale across every line on this chart

2% from mid: 68,013.85 USDC (shortened; full value 68013.8598209795934245038800079957 USDC)
5% from mid: 105,364.47 USDC (shortened; full value 105364.4726728270852821227009513368 USDC)
10% from mid: 106,118.29 USDC (shortened; full value 106118.2995521743465094917505514138 USDC)

25 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

3 of 25

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: 101,549.14 USDC (shortened; full value 101549.145721478650408770065 USDC)
The target is reachable through the order book
Genuine volume in the oracle window: 4,162.52 USDC (shortened; full value 4162.5276696 USDC)
Over the last 900 seconds (15 minutes), after the genuine-trade filter
Cost against genuine volume: 24.3960 (shortened; full value 24.3960289953428854941178611307)
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: 105,711.67 USDC (shortened; full value 105711.673391078650408770065 USDC)
The move, plus the genuine volume an averaging oracle forces an attacker to outweigh