Efficient Frontier Market Making Weekly Report May 30th

SSV community, find below the market-maker performance update.
After 2 weeks of outpacing the market, SSV had a slightly down week this week. Most of the wider market stayed pretty flat as BTC continues to play in the $26k<>$28k range.

Another week of FUD, this time with Binance commingling funds and Gemini under increased pressure after DCG missed the $630m payment

Let’s hope the launch of Hong Kong Retail and Institutional trading has a positive impact starting June 1st.

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. This week all are above 92%

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.