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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

Collateral ceiling

The most this asset could back at each reading: the lower of the liquidation and manipulation limits.

Lower at the end of the window than at its start

Lowest
9.08 USDC (shortened; full value 9.083895442434862971785221958522295642957523608108 USDC)
Highest
9.35 USDC (shortened; full value 9.35866235098057396368242948142912294372261316146 USDC)
2026-09-26T15:51:46Z — 2026-10-03T15:09:42Z
Max safe collateral
9.12 USDC (shortened; full value 9.129268788675093342908798269203384134097233247714 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.

Volume each side can absorb before the price moves 2, 5 or 10 per cent. Buy side bears on oracle manipulation, sell side on liquidation.

  • SDEX
  • AMM
  • Sell side, composition not reported

2% from mid

Buy side
3.56 USDC (shortened; full value 3.5617347289826737764214886926 USDC)
Sell side
3.57 USDC (shortened; full value 3.5759809318927679342030337773364899295314612445 USDC)

5% from mid

Buy side
8.83 USDC (shortened; full value 8.8394921291904993631338097067 USDC)
Sell side
9.00 USDC (shortened; full value 9.009084361372127323857014647854573824144431913667 USDC)

10% from mid

Buy side
782.23 USDC (shortened; full value 782.2355146510550050868056711198 USDC)
Sell side
18.25 USDC (shortened; full value 18.258537577350186685817596538406768268194466495428 USDC)

Bars share one scale. The venue split decomposes the buy side; the sell side is drawn as an outline because its composition is not reported.