# Efficient Frontier Market Making Weekly Report August 22nd

**URL:** https://forum.ssv.network/t/efficient-frontier-market-making-weekly-report-august-22nd/1141
**Category:** SSV Token
**Created:** [August 22, 2023, 11:05am UTC](https://forum.ssv.network/t/efficient-frontier-market-making-weekly-report-august-22nd/1141 "2023-08-22T11:05:19Z")
**Posts on this page:** 1
**Page:** 1

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### Author: ![TimFrontier](https://avatars.discourse-cdn.com/v4/letter/t/eb8c5e/32.png) [@TimFrontier](https://forum.ssv.network/u/TimFrontier)
#### Post date: [August 22, 2023, 11:05am UTC](https://forum.ssv.network/t/efficient-frontier-market-making-weekly-report-august-22nd/1141/1 "2023-08-22T11:05:19Z")

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**SSV community, find below the market-maker performance update.**

A big market crash this week and no one was spared. We basically wiped out 2 months of positive momentum & liquidity. Bitcoin, SSV and most of the market are now where we were this time exactly 2 months ago (pre Blackrock/Fidelity Bitcoin ETF news).

Sound like a broken record but Binance is experiencing pretty severe [FUD particularly pertaining to the BNB token](https://twitter.com/sunnydecree/status/1693651734243975205) & company liquidation. Although they are holding up strong at the moment #4.

Let’s hope for some more positive narratives and liquidity in the market other than just friends.tech 🙂

 ![SSV Summary 22 Aug](https://canada1.discourse-cdn.com/flex030/uploads/ssvnetwork/original/1X/a251931ed430536d273a93f9970181f6d6616f31.png)  
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:**  
Some big volumes here but note that a lot of it was during the sell-offs late last week.

 ![SSV MS 22 Aug](https://canada1.discourse-cdn.com/flex030/uploads/ssvnetwork/original/1X/fe99ceba6615cbf03c1350940611525a080d802f.png)

**Spreads for the previous week.**  
This is the % of time EF kept spreads from bid-ask at 75bps or better. The Binance pairs were hard to keep as high given the volatility on the exchange. Otherwise all pairs over 94%

 ![SSV Uptime 22 Aug](https://canada1.discourse-cdn.com/flex030/uploads/ssvnetwork/original/1X/9e3adda5c046390e5f81c0c7a9659b7f08a032d9.png)

This does not include liquidity & trading in the V3 pool  
Our aim is to continue to incentive volume and sustained trading health in the SSV market.