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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

Collateral ceiling

The most this asset could back at each reading: the lower of the liquidation and manipulation limits.

Higher at the end of the window than at its start

Lowest
10.72 USDC (shortened; full value 10.728816696181955096091238423098197213952441532581 USDC)
Highest
2,737.06 USDC (shortened; full value 2737.06101794695552842559893545547662682985237602269 USDC)
2026-09-26T16:51:51Z — 2026-10-03T16:09:32Z
Max safe collateral
91.74 USDC (shortened; full value 91.74805887696081295566534433564551351338558217382 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
Nothing tradable within 2%nowZERO_DEPTH_2PCT59 of 169
Cheap to move the priceMANIPULATION_CHEAP77 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.

Volume each side can absorb before the price moves 2, 5 or 10 per cent. Buy side bears on oracle manipulation, sell side on liquidation.

  • SDEX
  • AMM
  • Sell side, composition not reported

2% from mid

Buy side
23.18 USDC (shortened; full value 23.1834175972100832087836556345 USDC)
Sell side
0 USDC

5% from mid

Buy side
30.81 USDC (shortened; full value 30.8197453314141196059633742691 USDC)
Sell side
0 USDC

10% from mid

Buy side
64.58 USDC (shortened; full value 64.5857253849166360911288785357 USDC)
Sell side
183.49 USDC (shortened; full value 183.49611775392162591133068867129102702677116434764 USDC)

Bars share one scale. The venue split decomposes the buy side; the sell side is drawn as an outline because its composition is not reported.