Efficient Frontier Market Making Weekly Report June 6th

SSV community, find below the market-maker performance update.

The SEC is suing Binance and Coinbase. This led to significant outflows in the markets. Binance and American exchanges were hit hardest, and the situation is far from resolved. We are working to hold up support for $SSV and have maintained over 85% uptime with our spread KPI despite the FUD+volatility. No question smaller tokens got smashed in the last 24 hours.

A lot of the gains we saw against LDO & RPL particularly in May have regressed to the mean.

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.