wCOINx
Wrapped Coinbase xStock
Price impact against size
limit 50bpWhat happens as the size grows
Each row is a real quote walked through this market’s liquidity, not an estimate from its size. The verdict is the same check the contract runs, against a 50bp impact limit.
| Size | Impact | You would pay | Verdict |
|---|---|---|---|
| $25 | 0.06% | $146.61 | allowed |
| $100 | 0.09% | $146.66 | allowed |
| $250 | 0.16% | $146.75 | allowed |
| $500 | 0.26% | $146.90 | allowed |
| $1,000 | 0.48% | $147.22 | allowed |
| $2,500 | 1.11% | $148.15 | too big for this market |
| $5,000 | 2.17% | $149.71 | price here is too far from fair |
| $10,000 | 4.30% | $152.82 | price here is too far from fair |
| $25,000 | 10.67% | $162.16 | price here is too far from fair |
| $50,000 | 21.30% | $177.73 | price here is too far from fair |
The largest size on this ladder that still passes is $1,000. Above it the trade moves the price against you by more than the mandate allows, and the guard reverts rather than filling it.
How much it takes, by what you will tolerate
Capacity is not one number. It depends on how far you will let the price move, so here it is at four limits. The mandate uses 50bp.
What the gap score is made of
A stock keeps trading after this token stops. These four are what the oracle weighs to decide how far it could move before you can act, and a score you can take apart is worth more than one you have to trust.
What the oracle said about this
- band is the issuer's own 50bp spread for the overnight session
Depth moves within hours, so these numbers may no longer hold.