Efficient Frontier Market Making Weekly Report May 2nd

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

Btc & Eth both had a relatively neutral week while most alt-coins were down. Except $PEPE of course…

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. Note all over 94% this week despite the downturn.

This does not include liquidity & trading in the V3 pool, as well as the hedging activity in Binance USDT pair.

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

Keep an eye out this week for the Fed signaling their interest rate plan and the fallout of First Republic Bank collapsing.

1 Like