# Efficient Frontier Market Making Weekly Report January 9th

**URL:** https://forum.ssv.network/t/efficient-frontier-market-making-weekly-report-january-9th/1296
**Category:** SSV Token
**Created:** [January 9, 2024, 10:42am UTC](https://forum.ssv.network/t/efficient-frontier-market-making-weekly-report-january-9th/1296 "2024-01-09T10:42:04Z")
**Posts on this page:** 1
**Page:** 1

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### Author: ![Johnny\_Orli\_MM](https://yyz2.discourse-cdn.com/flex030/user_avatar/forum.ssv.network/johnny_orli_mm/32/561_2.png) [@Johnny\_Orli\_MM](https://forum.ssv.network/u/Johnny_Orli_MM)
#### Post date: [January 9, 2024, 10:42am UTC](https://forum.ssv.network/t/efficient-frontier-market-making-weekly-report-january-9th/1296/1 "2024-01-09T10:42:04Z")

</div>

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.

 ![Screen Shot 2024-01-09 at 12.35.02](https://canada1.discourse-cdn.com/flex030/uploads/ssvnetwork/original/1X/8a43bc48533ed6ec5bc06ff223f809f120028210.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

- 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.  
 ![Screen Shot 2024-01-09 at 12.40.19](https://canada1.discourse-cdn.com/flex030/uploads/ssvnetwork/original/1X/673f43436a555804648c7e90c8e91c5f68953700.png)

**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+%  
 ![Screen Shot 2024-01-09 at 12.40.51](https://canada1.discourse-cdn.com/flex030/uploads/ssvnetwork/original/1X/6446678c06772beee26b35dffee2047f4272746e.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.