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keel
Ledger
64,752,677
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
9.11 USDC (shortened; full value 9.112056938025193348730507972604131854276082266782 USDC)Limited by liquidation depth
Depth within 5%
buy8.82 USDC (shortened; full value 8.8228266084494156033317219353 USDC)sell8.99 USDC (shortened; full value 8.992099100218173436465568245663962418687030823421 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
3.58 USDC (shortened; full value 3.5856820345723858018225862106 USDC)
Highest
927.24 USDC (shortened; full value 927.2405979707412128932622425163 USDC)
2026-09-11T23:48:22Z — 2026-10-02T10:09:27ZOne scale across every line on this chart
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 pricenowMANIPULATION_CHEAPthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Cheap next to real tradingnowMANIPULATION_RATIO_LOW21 of 22
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREME21 of 22
Supply is concentratednowHOLDER_CONCENTRATION_HIGH21 of 22
Price sources disagreenowPRICE_SOURCE_CONFLICT9 of 22
Extreme spreadnowSPREAD_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.

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
764.76 USDC (shortened; full value 764.76460592322 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
764.76 USDC (shortened; full value 764.76460592322 USDC)

The move, plus the genuine volume an averaging oracle forces an attacker to outweigh