Efficient Frontier Market Making Weekly Report August 8th

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

Some big news in the Eth ecosystem with Base launching tomorrow and PayPal announcing their stablecoin PYUSD built on Eth.

Otherwise, markets are very flat. Bitcoin trading at its lowest in 3+ years so hopefully the positive narratives can lead to more liquidity in markets

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 98% this week :partying_face:

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.