Efficient Frontier Market Making Weekly Report July 11th

SSV community, find below the market-maker performance update.
A lackluster start to July after the crazy June. More of the same with Binance FUD and Blackrock & Fidelity doubling down on BTC.

And importantly stETH increasingly displacing ETH in DeFi protocols

Note below we have some new charts below :slight_smile:

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. We had to conduct an internal rebalance for the Eth pair so were out of books for just over a day.

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.