SSV community, find below the market-maker performance update.
A good week in the markets for SSV to start the 2nd half of 2023.
Kaiko just reported that Q2 was the lowest CeFi trading volume in 3 years. So let’s hope that the positive America ETF news, together with Asia still driving crypto adoption, we can have a better Q3.
For those heading to Barcelona and Paris, have fun
And for the Americans in the room, Happy 4th
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 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.