Efficient Frontier Market Making Weekly Report January 9th

The approval of the BTC ETF seems to be imminent and is currently dominating the news in the industry. The reaction has been mixed amongst alts.

  • After weeks of positive price movement, SSV has been relatively flat over the last 7-days.

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

  • Volumes across exchanges have differed. Some have increased while some have decreased.
  • Overall, there has been a net positive increase in volumes.
  • Most notably, OKX volumes have increased from $81.1m to $119.9m
  • EFrontier has increased our traded volume to add the needed support.

Spreads for the previous week.

  • This is the % of time EF kept spreads from bid-ask at 75bps or better. EFs uptime is better than last weeks 90+%

    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.