Keel — Stellar liquidity risk

USDM / USDC

GDHD…USDM

Risk band

Medium

partial confidence

A floor: the real band can only be worse.

Max safe collateral: 1,504.55 USDC (shortened; full value 1504.555351329395655368620820504403788844427549731924 USDC)Limited by liquidation depth
Depth within 5%: buy471,084.41 USDC (shortened; full value 471084.419543891040347432238845519 USDC)sell3,000.90 USDC (shortened; full value 3000.903904171649193735799485717714187125794953144356 USDC)
Cost to move +50%: 471,077.10 USDC (shortened; full value 471077.10923251734109109627701 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: 1.91 USDC (shortened; full value 1.9144308769171461539087368112 USDC)
Highest: 471,094.88 USDC (shortened; full value 471094.8870348798796494371801485907 USDC)

2026-09-26T17:51:46Z — 2026-10-03T17:09:22ZOne scale across every line on this chart

2% from mid: 2.63 USDC (shortened; full value 2.6369238237071070307601752796 USDC)
5% from mid: 471,084.21 USDC (shortened; full value 471084.2186605084402811165531228131 USDC)
10% from mid: 471,091.87 USDC (shortened; full value 471091.8770839706287734136083948262 USDC)

169 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

throughout

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: 471,077.10 USDC (shortened; full value 471077.10923251734109109627701 USDC)
The target is reachable through the order book
Genuine volume in the oracle window: 0 USDC
Over the last 900 seconds (15 minutes), after the genuine-trade filter
Cost against genuine volume: not computed
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: 471,077.10 USDC (shortened; full value 471077.10923251734109109627701 USDC)
The move, plus the genuine volume an averaging oracle forces an attacker to outweigh