Efficient Frontier Market Making Weekly Report March 26th 2024

Fidelity adds staking to ETH ETF application. Sending staking solutions into the stratosphere.

The good work and collaboration between Efficient Frontier has allowed for the SSV markets to take advantage of the positive momentum in the market and amongst staking solutions. Only Lido has had a better price performance.

  • SSV has surged 35.6+%
  • SSV’s price is trading above $60+, :rocket: :fire::fire:reaching an ATH above $65.00 :rocket: :fire: :fire:

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

  • Below is the average liquidity for the week. 2% = ±1%, 4% = ±2%, 8% = ±4%
  • For the 3rd straight week, liquidity has improved across markets

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 improved our uptime which is vitally important during the current upswing. Spreads are being kept closer to 30bps accross markets

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.