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keel
Ledger
64,753,578
Methodology
1.0.8-draft
Age
3s

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 9.123776520985568267146290451789532370557559490092 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

Window
Resolution
Source

Price

The midpoint the engine read at each scan. It says what the market quotes, not what it can absorb.

Higher at the end of the window than at its start

Lowest
0.27240591 USDC (shortened; full value 0.2724059175114374 USDC)
Highest
0.27595823 USDC (shortened; full value 0.2759582349414883 USDC)
2026-10-02T18:54:32Z — 2026-10-03T18:39:32Z
Mid price
0.27479192 USDC (shortened; full value 0.2747919239146648 USDC)
25 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%0.412187 USDC (shortened; full value 0.4121878858719972 USDC)845.16 USDC (shortened; full value 845.1626292066847329323274349755 USDC)764.76 USDC (shortened; full value 764.76460592322 USDC)
+100%0.549583 USDC (shortened; full value 0.5495838478293296 USDC)912.94 USDC (shortened; full value 912.9412981244609224329552437438 USDC)764.76 USDC (shortened; full value 764.76460592322 USDC)
+1,000%3.022711 USDC (shortened; full value 3.0227111630613128 USDC)1,593.49 USDC (shortened; full value 1593.4912090301037173706581388611 USDC)764.76 USDC (shortened; full value 764.76460592322 USDC)
+10,000%27.753984 USDC (shortened; full value 27.7539843153811448 USDC)4,002.17 USDC (shortened; full value 4002.1782402997814616089824490129 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