VAQM against USDC — what depth stands behind this price?
Risk band
Critical
partial confidence
A floor: the real band can only be worse.
- Max safe collateral
- 9.12 USDC (shortened; full value 9.123776520985568267146290451789532370557559490092 USDC)Limited by liquidation depth
- Depth within 5%
- buy8.83 USDC (shortened; full value 8.8341741943003371507244865131 USDC)sell9.00 USDC (shortened; full value 9.003664397945094660918822742303641046335810336226 USDC)
- Cost to move +50%
- 764.76 USDC (shortened; full value 764.76460592322 USDC)Reachable through the order book
- Checks
- 7 triggered3 not evaluated
History
Buy-side depth
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
- 3.58 USDC (shortened; full value 3.5856820345723858018225862106 USDC)
- Highest
- 927.24 USDC (shortened; full value 927.2405979707412128932622425163 USDC)
- 2% from mid
- 3.61 USDC (shortened; full value 3.6153228061401684959183829474 USDC)
- 5% from mid
- 773.73 USDC (shortened; full value 773.7370926245209907659350323642 USDC)
- 10% from mid
- 782.49 USDC (shortened; full value 782.4983731950393245072528708615 USDC)
22 readings from horizon, with no gaps reported. One source per chart.
Checks
What fires now, how long it has been firing across the window above, and what could not run.
Cheap to move the pricenow
MANIPULATION_CHEAPthroughout
Thin depth at 5%now
THIN_DEPTH_5PCTthroughout
Cheap next to real tradingnow
MANIPULATION_RATIO_LOW21 of 22
One holder owns most of itnow
HOLDER_CONCENTRATION_EXTREME21 of 22
Supply is concentratednow
HOLDER_CONCENTRATION_HIGH21 of 22
Price sources disagreenow
PRICE_SOURCE_CONFLICT9 of 22
Extreme spreadnow
SPREAD_EXTREME9 of 22
Not evaluated3
- No genuine trade in 30 days
- No genuine trade in 7 days
- Volume may be wash traded
Evidence
The figures behind the verdict, as the engine served them.
The ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.
9.12 USDC (shortened; full value 9.123776520985568267146290451789532370557559490092 USDC)
Limited by liquidation depth
- Liquidation termbinds
- 9.12 USDC (shortened; full value 9.123776520985568267146290451789532370557559490092 USDC)
Sell-side depth at the liquidation delta, times the haircut.
- Manipulation term
- 191.19 USDC (shortened; full value 191.191151480805 USDC)
Order-book-only manipulation cost at the critical delta, times the safety margin.