Skip to content
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

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.

Both price sources, not only the one that won, and the pair that set the band.

Price used
0.27512618 USDC (shortened; full value 0.2751261813985395 USDC)

AMM pool spot price, because the book and the pool disagree or the book is one-sided

AMM pool spot price
0.27512618 USDC (shortened; full value 0.2751261813985395 USDC)

The pool with the largest quote reserve, reported whichever source set the price

Book against pool
47.3332 % (shortened; full value 47.33325650933493900167177502 %)

Past the methodology threshold, the pool price is used and PRICE_SOURCE_CONFLICT fires

Spread
105.3334 % (shortened; full value 105.33348664282267960573614287 %)

Best ask minus best bid, over the mid