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keel
Ledger
64,751,598
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
91.74 USDC (shortened; full value 91.74805887696081295566534433564551351338558217382 USDC)Limited by liquidation depth
Depth within 5%
buy30.81 USDC (shortened; full value 30.8197453314141196059633742691 USDC)sell0 USDC
Cost to reach the critical move
The engine sent no critical rung
Checks
3 triggered3 not evaluated

History

Window
Resolution
Source

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
0 USDC
Highest
4,556.01 USDC (shortened; full value 4556.0123394583156832422605892997 USDC)
2026-09-11T17:48:23Z — 2026-10-02T10:09:32ZOne scale across every line on this chart
2% from mid
0.0000047 USDC (shortened; full value 0.000004700295 USDC)
5% from mid
6.68 USDC (shortened; full value 6.6866893807222231740255212827 USDC)
10% from mid
18.81 USDC (shortened; full value 18.8142528309864996211393760899 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
Nothing tradable within 2%nowZERO_DEPTH_2PCT139 of 498
Cheap to move the priceMANIPULATION_CHEAP436 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.

91.74 USDC (shortened; full value 91.74805887696081295566534433564551351338558217382 USDC)

Limited by liquidation depth

Liquidation termbinds
91.74 USDC (shortened; full value 91.74805887696081295566534433564551351338558217382 USDC)

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

Manipulation term
3,666.75 USDC (shortened; full value 3666.75450182686337782747631 USDC)

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