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keel
Ledger
64,753,398
Methodology
1.0.8-draft
Age
6s

VELO against USDC — what depth stands behind this price?

All assets

VELO / USDC

GDM4…2M5M

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
94.87 USDC (shortened; full value 94.8746944735015342240759985417189647087902650956 USDC)Limited by liquidation depth
Depth within 5%
buy37.51 USDC (shortened; full value 37.5114218668636084981165293453 USDC)sell176.51 USDC (shortened; full value 176.51399109470726236159033431261884360155147251245 USDC)
Cost to reach the critical move
The engine sent no critical rung
Checks
3 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
0.00478545 USDC (shortened; full value 0.00478545316183055 USDC)
Highest
0.00613953 USDC (shortened; full value 0.00613953628237295 USDC)
2026-09-26T23:51:51Z — 2026-10-03T18:24:32Z
Mid price
0.00545795 USDC (shortened; full value 0.00545795167794415 USDC)
8 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
Nothing tradable within 2%nowZERO_DEPTH_2PCT1 of 8
Cheap to move the priceMANIPULATION_CHEAP3 of 8

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.

94.87 USDC (shortened; full value 94.8746944735015342240759985417189647087902650956 USDC)

Limited by liquidation depth

Liquidation termbinds
94.87 USDC (shortened; full value 94.8746944735015342240759985417189647087902650956 USDC)

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

Manipulation term
3,689.61 USDC (shortened; full value 3689.6109545021765170325350975 USDC)

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