Efficient Frontier Market Making Weekly Report October 10th

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

The FCA, the UKs financial market regulator, added several names to its warning list of non-authorized firms. Notably Huobi (HTX) and Kucoin were included in the list. Clear views on regulation should be good for the industry in the long term.

Bitcoin’s share compared to other cryptocurrency is climbing toward levels last seen in 2021. We’ve seen the price of several alts drop.

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 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.