SSV community, find below the market-maker performance update.
After a pretty quiet week, WorldCoin sent a lot of volatility into the market yesterday. The majority of tokens saw a sharp decrease yesterday.
In addition, Kucoin numbers have decreased since they introduced mandatory KYC on all accounts on July 14th
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. This week all markets were >96%
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.