Efficient Frontier Market Making Weekly Report May 2nd 2024

Apologies for the delay, I have been out of office.

Highlight of the week: First week of Trading on ByBit, Efficient Frontier constituted 10% of the market share.

Lots of bleeding in the market, fueled by poor CPI data and ETF profit taking. The whole crypto market is 10% down on the week

  • SSV has performed comparatively better than the rest of the market but there has still been a decline in price.
  • SSV is down 7.19%

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

  • We have now entered ByBit, we traded $1.3M worth of SSV there.
  • Efficient Frontier traded $8.77m worth of SSV across all CEXs

Liquidity Snapshots

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

Spreads for the previous week.

  • This is the % of time EF kept spreads from bid-ask at 75bps or better.

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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It’s been a rough week for crypto, despite the downturn, SSV.network’s token didn’t drop as much as others, hinting that its foundation might be pretty solid! :signal_strength:

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Foundations are strong as we provide the best environment for trading.

SSV did follow the general market downward trend.

Let’s hope there is a decent bounce back in the days to come.

EF is here to support in the good and the bad times!

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I’ve been tracking the U.S. traditional financial markets, and there definitely seems to be a direct correlation with the crypto markets. I’m really hoping the Fed will start cutting interest rates soon because it looks like the real boost for cryptocurrencies won’t happen until we see the American economy start to climb again. Fingers crossed! :crossed_fingers:

Yes, at the moment seems like it. But can always change as we’ve seen before! A lot of the bleeding last week was caused by negative views leading up to Powell’s speech. Narrative looks to have changed

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