SSV community, find below the market-maker performance update.
Due to the uncertain regulatory and economic environment in the United States, Bittrex exchange will be winding down their U.S. operations. Additionally the U.S Federal Insurance Corp (FDIC) has requested that Signature Bank’s crypto clients close their accounts and withdraw their money by April 5th.
SSV price increased 4.64% in the last 7 days increasing market cap to $369.3M.
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.