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keel
Ledger
64,752,678
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
102.59 USDC (shortened; full value 102.591073559884970449253173176009738001814924059628 USDC)Limited by liquidation depth
Depth within 5%
buy80.16 USDC (shortened; full value 80.1679819443010933562853241053 USDC)sell187.45 USDC (shortened; full value 187.452883037703900415034531142942041976967784543404 USDC)
Cost to reach the critical move
The engine sent no critical rung
Checks
2 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
0.00467702 USDC (shortened; full value 0.00467702762217455 USDC)
Highest
0.00613953 USDC (shortened; full value 0.00613953628237295 USDC)
2026-09-26T17:51:51Z — 2026-10-03T17:24:32Z
Mid price
0.00544434 USDC (shortened; full value 0.00544434123743245 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 next to real tradingnowMANIPULATION_RATIO_LOWthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Cheap to move the priceMANIPULATION_CHEAP76 of 169
Nothing tradable within 2%ZERO_DEPTH_2PCT59 of 169

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.

102.59 USDC (shortened; full value 102.591073559884970449253173176009738001814924059628 USDC)

Limited by liquidation depth

Liquidation termbinds
102.59 USDC (shortened; full value 102.591073559884970449253173176009738001814924059628 USDC)

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

Manipulation term
3,698.33 USDC (shortened; full value 3698.33056030232013930473064 USDC)

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