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: 13,556.56 USDC (shortened; full value 13556.561870310515873050041780680182504686530876983347 USDC)Limited by liquidation depth
Depth within 5%: buy103,743.84 USDC (shortened; full value 103743.8405711717868157943058549162 USDC)sell25,739.66 USDC (shortened; full value 25739.665271999753441040913007908959077758444814507474 USDC)
Cost to move +50%: 104,646.76 USDC (shortened; full value 104646.7604683629542072136546 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: 65,366.93 USDC (shortened; full value 65366.9372692464623336823605118367 USDC)
Highest: 289,465.29 USDC (shortened; full value 289465.294481995654356816424321504 USDC)

2026-10-02T23:53:37Z — 2026-10-03T17:08:37ZOne scale across every line on this chart

2% from mid: 65,366.93 USDC (shortened; full value 65366.9372692464623336823605118367 USDC)
5% from mid: 103,773.91 USDC (shortened; full value 103773.9160133062511593183933956951 USDC)
10% from mid: 104,531.06 USDC (shortened; full value 104531.0656502401931561175824935626 USDC)

2 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

1 of 2

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: 104,646.76 USDC (shortened; full value 104646.7604683629542072136546 USDC)
The target is reachable through the order book
Genuine volume in the oracle window: 199.93 USDC (shortened; full value 199.9353739 USDC)
Over the last 900 seconds (15 minutes), after the genuine-trade filter
Cost against genuine volume: 523.4029 (shortened; full value 523.4029297922199959794791200778)
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: 104,846.69 USDC (shortened; full value 104846.6958422629542072136546 USDC)
The move, plus the genuine volume an averaging oracle forces an attacker to outweigh