Efficient Frontier Market Making Weekly Report March 20th 2024

BTC sank to a two week low. Outflows from Greyscale and the possibility that the FED will lower interests rates has spooked the market. SSVs price could be affected by the FEDs decision.

Efficient Frontier has continued to make improvements to the SSV ecosystem. The health of the markets illustrate such. We are continuing to improve

  • Over a 7-day period SSV is flat. The last 24 hours has seen good price action.
  • 60% up over 30 days
  • Competitors are doing considerably worse.

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?” https://www.coingecko.com/en/coins/ssv-network

  • Below is the average liquidity for the week. 2% = ±1%, 4% = ±2%, 8% = ±4%
  • Liquidity continues to improve.

Spreads for the previous week.

  • This is the % of time EF kept spreads from bid-ask at 75bps or better. EFs uptime is better than last weeks. We’ve maintained ~90+% uptime.
  • Our average best Bid-ask spread has been closer to 40bps (On average)

Please follow market spreads either on the exchanges or Coingecko/Coinmarket cap to validate that our spreads are remaining below 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.

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