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keel
Ledger
64,751,058
Methodology
1.0.8-draft
Age
8s

VAQM against USDC — what depth stands behind this price?

All assets

VAQM / USDC

GC2B…BVCD

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
9.12 USDC (shortened; full value 9.129268788675093342908798269203384134097233247714 USDC)Limited by liquidation depth
Depth within 5%
buy8.83 USDC (shortened; full value 8.8394921291904993631338097067 USDC)sell9.00 USDC (shortened; full value 9.009084361372127323857014647854573824144431913667 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

Window
Resolution
Source

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
3.54 USDC (shortened; full value 3.5440325639117472518233083649 USDC)
Highest
789.03 USDC (shortened; full value 789.0300971999940162589924861321 USDC)
2026-09-26T15:51:46Z — 2026-10-03T15:09:42ZOne scale across every line on this chart
2% from mid
3.56 USDC (shortened; full value 3.5617347289826737764214886926 USDC)
5% from mid
8.83 USDC (shortened; full value 8.8394921291904993631338097067 USDC)
10% from mid
782.23 USDC (shortened; full value 782.2355146510550050868056711198 USDC)
169 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 pricenowMANIPULATION_CHEAPthroughout
Cheap next to real tradingnowMANIPULATION_RATIO_LOWthroughout
Price sources disagreenowPRICE_SOURCE_CONFLICTthroughout
Extreme spreadnowSPREAD_EXTREMEthroughout
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout

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.

Read cost together with reachability: a figure on an unreachable rung says how far the book goes, not what the move costs.

Cost to move the price by each delta, through all venues and through the order book alone, with whether the target is reachable at all.
MoveTarget priceCost, all venuesCost, order book only
+50%0.412689 USDC (shortened; full value 0.41268927209780925 USDC)845.21 USDC (shortened; full value 845.2110266509410461183900983038 USDC)764.76 USDC (shortened; full value 764.76460592322 USDC)
+100%0.550252 USDC (shortened; full value 0.550252362797079 USDC)913.03 USDC (shortened; full value 913.0304965015853181435651936791 USDC)764.76 USDC (shortened; full value 764.76460592322 USDC)
+1,000%3.026387 USDC (shortened; full value 3.0263879953839345 USDC)1,593.99 USDC (shortened; full value 1593.9900801209535113538730765914 USDC)764.76 USDC (shortened; full value 764.76460592322 USDC)
+10,000%27.787744 USDC (shortened; full value 27.7877443212524895 USDC)4,004.12 USDC (shortened; full value 4004.1270760982928465509548750072 USDC)764.76 USDC (shortened; full value 764.76460592322 USDC)

Reachability on the all-venues ladder is unconditionally true whenever an active pool exists, because a constant product curve has no upper price bound. The order-book-only column is the one that answers whether a target is attainable, and it is the one Keel itself uses.

Highest price the book can reach
not computed

Absorbing every ask. Not computed when an active pool exists, because a constant product curve has no highest price

Cost to reach it
not computed

Every ask below that price. Catches an attack that lands between two rungs of the ladder