Efficient Frontier Market Making Weekly Report August 29th

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

Following the crash 10 days ago, markets are still bleeding. The silver-lining is that SSV is not down as much as comparative coins.

The Eth ecosystem is still building with Base & Friends.Tech adding a lot of new users & transactions over the last fortnight. Outside the Eth ecosystem, markets are still very flat.

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. All over 97% this week.

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.