Efficient Frontier Market Making Weekly Report March 21st

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

SSV dropped this week together with all non-BTC/ETH tokens. The support level of $36 held strongly.

The macro situation is looking very challenging as the banking crisis hits Europe, particularly to Credit Suisse who collapsed, and BNP Paribas who had trading halted after a sharp fall. This week the FOMC will be deciding what the upcoming rates will be in the US. This will undoubtedly send a strong signal to the market.

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:
An increase generally in vols across the board as traders traded the volatility.
SSV MS 21 march

Spreads for the previous week.
This is the % of time EF kept spreads from bid-ask at 75bps or better. Despite the volatility, pleased to say EF held all these spreads with an uptime over 90%

This does not include liquidity & trading in the V3 pool. We are also looking at shifting our main hedging activity from BUSD to USDT as it has become the leading market for you.

Our aim is to continue to incentive volume and sustained trading health in the SSV market.

Other than the FOMC Rates announcement, definitely worth keeping an eye on the Arbitrum airdrop on the 23rd and to see if Balaji’s bet gets any closer :wink:

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