Efficient Frontier Market Making Weekly Report June 13th

One of the crazier weeks’ the crypto markets have ever experienced.

The SEC has sued Binance and Coinbase for selling unregistered securities + major crypto and tradfi market makers wind down operations (Jump, Robinood, Keyrock) + https://twitter.com/efrontier_io/status/1668329972619149312 has led to altcoin crashes of 20+% this week.

Despite the volatility, EF showed well over 90% uptime here for all pairs except 1.

There is big news today with the Hinman Documents being unsealed for the SEC vs XRP case.

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.