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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
0.00383201 USDC (shortened; full value 0.0038320187523618 USDC)
Highest
0.00613953 USDC (shortened; full value 0.00613953628237295 USDC)
2026-09-11T17:48:23Z — 2026-10-02T10:09:32Z
Mid price
0.00551231 USDC (shortened; full value 0.0055123136636134 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.

Read cost together with reachability: a figure on an unreachable rung says how far the book goes, not what the move costs.

Cost to move the price by each delta, through all venues and through the order book alone, with whether the target is reachable at all.
MoveTarget priceCost, all venuesCost, order book only
+50%0.008150 USDC (shortened; full value 0.008150763761660175 USDC)14,905.70 USDC (shortened; full value 14905.7045960056126060839718702646 USDC)14,793.32 USDC (shortened; full value 14793.32224120928055721892256 USDC)
+100%0.010867 USDC (shortened; full value 0.0108676850155469 USDC)16,492.97 USDC (shortened; full value 16492.9763329963252198549417601172 USDC)16,285.95 USDC (shortened; full value 16285.95239181255758219755116 USDC)
+1,000%0.059772 USDC (shortened; full value 0.05977226758550795 USDC)124,712.40 USDC (shortened; full value 124712.4001041692514697466519310869 USDC)123,555.10 USDC (shortened; full value 123555.10192165930560575202752 USDC)
+10,000%0.548818 USDC (shortened; full value 0.54881809328511845 USDC)1,107,092.70 USDC (shortened; full value 1107092.7053496314595906453447188838 USDC)1,102,572.07 USDC (shortened; full value 1102572.07818191009420575202752 USDC)

Reachability on the all-venues ladder is unconditionally true whenever an active pool exists, because a constant product curve has no upper price bound. The order-book-only column is the one that answers whether a target is attainable, and it is the one Keel itself uses.

Highest price the book can reach
not computed

Absorbing every ask. Not computed when an active pool exists, because a constant product curve has no highest price

Cost to reach it
not computed

Every ask below that price. Catches an attack that lands between two rungs of the ladder