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keel
Ledger
64,752,498
Methodology
1.0.8-draft
Age
4s

VELO against USDC — what depth stands behind this price?

All assets

VELO / USDC

GDM4…2M5M

Risk band

High

partial confidence

A floor: the real band can only be worse.

Max safe collateral
102.36 USDC (shortened; full value 102.362664492382133704738496241208164450627924013402 USDC)Limited by liquidation depth
Depth within 5%
buy80.70 USDC (shortened; full value 80.7015673905141636236529574504 USDC)sell186.98 USDC (shortened; full value 186.983601659917665552436880035319969578559510513612 USDC)
Cost to reach the critical move
The engine sent no critical rung
Checks
2 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
11.72 USDC (shortened; full value 11.722122383444892019439004067468842753763640363664 USDC)
Highest
917.73 USDC (shortened; full value 917.730310073518332675016615395782166741538231515477 USDC)
2026-09-11T17:48:23Z — 2026-10-02T10:09:32Z
Max safe collateral
557.99 USDC (shortened; full value 557.996191672510272640518416605524086798769560258161 USDC)
498 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.
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Cheap next to real tradingnowMANIPULATION_RATIO_LOW141 of 498
Cheap to move the priceMANIPULATION_CHEAP436 of 498
Nothing tradable within 2%ZERO_DEPTH_2PCT139 of 498

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.

The ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.

102.36 USDC (shortened; full value 102.362664492382133704738496241208164450627924013402 USDC)

Limited by liquidation depth

Liquidation termbinds
102.36 USDC (shortened; full value 102.362664492382133704738496241208164450627924013402 USDC)

Sell-side depth at the liquidation delta, times the haircut.

Manipulation term
3,698.33 USDC (shortened; full value 3698.33989837724669942236875 USDC)

Order-book-only manipulation cost at the critical delta, times the safety margin.