Efficient Frontier Market Making Weekly Report July 3rd 2024

Highlight of the week: SSV holds it’s price as others have double digit losses. Efficient Frontier has supported at key levels - here for the good and the bad times.

Market Headline The regulatory framework around crypto is starting to shape up - Circle were the first stable coin issuers to get MICA regulatory approval

  • SSV has been relatively flat
  • other projects have had double digit losses.
  • EF, as the market makers of SSV, have been able to support the market well, even though there has been downward pressure.

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
*The price movement and comparison can be referenced on CoinGecko under “How does the price performance of SSV Network compare against its peers?” SSV Network Price: SSV Live Price Chart, Market Cap & News Today | CoinGecko

  • EF Traded just under $8 million worth of SSV
  • Our market share on OKX was up to 6.63% and Binance 5.35%
  • Our market share has increased substantially on these exchanges

Liquidity Snapshots

  • Below is the average liquidity for the week. 2% = ±1%, 4% = ±2%, 8% = ±4%
  • Liquidity is relatively strong and has remained consistent

Spreads for the previous week.

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 while remaining as transparent as we can with community members