Highlight of the week: There’s been a down turn in the market, Efficient Frontier continues to support SSV network. We have still sticked to our KPIs and meeting what is expected of us in terms of Liquidity, depth and spreads. We’re still having a strong presence in the book - placing orders and still trading. Here to support in the good and bad times 
FYI there’s a new image on the bottom showing the exact spreads in the SSV market 
Market Headline Lots of FUD surrounding the Mt. Gox distribution and German government selling pressure. The narrative has shifted, but it looks like a ‘sell the rumor’ event. On the flip side, looking further down the line in H2, FTX is preparing to redistribute $16 billion, where a significant amount is expected to be re-distributed into the market. Hopefully, we have seen the worst of it and have bottomed out. Most alts are down in the double digits this week.
- SSV price has been in line with the overall market
- in percentage terms, Similar projects, have shed more on their price than SSV.
- There has been a small recovery in the last few days.
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 ~$9.9m worth of SSV, up from $8m the week previously.
- Our increased volume and placing orders closer to the mid-price is our attempt to help support the market
Liquidity Snapshots
- Below is the average liquidity for the week. 2% = ±1%, 4% = ±2%, 8% = ±4%
- Liquidity in all markets is strong though it is noted there has been a slight dip
Spreads for the previous week.
- This is the % of time EF kept spreads from bid-ask at 75bps or better.
- Here is a new image, that shows how tight we are keeping spreads
- Our spread control is much tighter than the agreed upon KPI
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