SSV community, find below the market-maker performance update.
The positive sentiment continued most of the week so there is clear optimism in the whole crypto market. That said, we haven’t seen a proportionate increase in depths across the board so there is some doubt about whether this market pump is sustainable.
Alts have been a mixed bag, SSV is up above ~ 5.5% in the last 7 days.
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
Spreads for the previous week.
This is the % of time EF kept spreads from bid-ask at 75bps or better. All over 98% this week bar OKX USDC which was delisted.
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.