Efficient Frontier Market Making Weekly Report May 7th 2024

Highlight of the week :SSV has made a decent recovery since last week. Lots of the bleeding was caused by a negative view on the FEDs speech. Narrative has shifted though. It is important to note, this is the 4th straight week that Crypto has seen outflows (Seen below).

Volume 181: Digital Asset Fund Flows Weekly Report | by James Butterfill | May, 2024 | CoinShares Research Blog

Alts have been a mixed bag in the last 7 days. SSV is outpacing comparative tokens.

  • At UTC mid night SSV was down 0.67% on the week
  • At the time of writing this post, SSV is up 4.3%.
  • Comparative tokens have faired much worse

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’ve traded close $5m worth of SSV on the 3 major markets (OKX, Binance & Bybit)
  • Efficient Frontier is over 10% of the market on ByBit. We’ve had a good impact there.

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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