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: 12,675.81 USDC (shortened; full value 12675.8149558820466423085616885087719487996858979423525 USDC)Limited by liquidation depth
Depth within 5%: buy105,411.17 USDC (shortened; full value 105411.1766640824512259136273490618 USDC)sell23,978.29 USDC (shortened; full value 23978.292989687407510438863198794003056601216346683285 USDC)
Cost to move +50%: 106,318.42 USDC (shortened; full value 106318.42215431902198106209794 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.

Higher at the end of the window than at its start

Lowest: 23,799.11 USDC (shortened; full value 23799.1166574615913506283621780769 USDC)
Highest: 300,930.26 USDC (shortened; full value 300930.2680267165215344079750857894 USDC)

2026-09-11T23:48:00Z — 2026-10-02T10:38:37ZOne scale across every line on this chart

2% from mid: 250,687.37 USDC (shortened; full value 250687.3770445018319706023045825155 USDC)
5% from mid: 292,343.66 USDC (shortened; full value 292343.6618971185963655087340389531 USDC)
10% from mid: 292,719.42 USDC (shortened; full value 292719.4252758212686641144752903613 USDC)

22 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

15 of 22

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: 106,318.42 USDC (shortened; full value 106318.42215431902198106209794 USDC)
The target is reachable through the order book
Genuine volume in the oracle window: 2,394.26 USDC (shortened; full value 2394.2639115 USDC)
Over the last 900 seconds (15 minutes), after the genuine-trade filter
Cost against genuine volume: 44.4054 (shortened; full value 44.4054732828975449313420844)
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: 108,712.68 USDC (shortened; full value 108712.68606581902198106209794 USDC)
The move, plus the genuine volume an averaging oracle forces an attacker to outweigh