SSV community, find below the market-maker performance update.
While negative regulatory sentiment on crypto in the U.S continues with the SEC filing a lawsuit against Bittrex, Hong Kong’s largest digital bank will start allowing fiat withdrawals from exchanges showing a positive attitude towards adoption.
The 7 day total volume has dropped to $163.7m compared to the previous week of $197.4m as selling pressure continues from the previous $49.52 ATH 2 months ago.
A few notes to explain what you are seeing:
• “7d Avg Spread” is the average spread from the best performing spread market (Binance USDT pair).
• “4% Liquidity” is ±2% from midprice liquidity sitting in the books across all exchanges
• In the individual pairs, the “2% Liquidity” is ±1% from the midprice liquidity sitting in that individual pair
Marketshare for the previous week:
Spreads for the previous week.
This is the % of time EF kept spreads from bid-ask at 75bps or better.
This does not include liquidity & trading in the V3 pool, as well as the hedging activity in Binance USDT pair.
Our aim is to continue to incentive volume and sustained trading health in the SSV market.