Selini - SSV Market Making Forum Update 06-2025

Performance Summary - June 9th, 2025

SSV Token Performance Chart

SSV Token Experiences Price Action and Volume

  • Over the past month, the SSV token has shown modest upward performance, rising approximately 4–5% from around $9.00 to $9.44 as of June 9, 2025. The token experienced a notable dip to about $8.17 in mid-May but recovered quickly, trading mostly between $9 and $10 since then.

Liquidity Overview

Liquidity Overview

Binance

  • Despite ongoing market volatility, liquidity—particularly on Binance—remains robust.

OKX and Bybit

  • The liquidity on OKX, HTX, and Bybit exchanges remained consistent with historical levels, showing no significant deviation from previous periods despite broader market fluctuations.

Selini

  • Selini continues to maintain SLAs of >98% uptime.

DISCLAIMER: INFORMATIONAL PURPOSES ONLY

The materials, charts and information contained herein have been prepared or assembled by the author and are intended for informational purposes only. Some of the information may be dated and may not reflect the most current developments. The information is not intended to be “live” and only represents a snapshot of the information currently available (such information may not be complete) to the author. The author and any affiliate of the author make no representation or warranty (whether express or implied) as to the accuracy of the information made herein. Any opinions expressed on or through this medium are the opinions of the individual author and may not reflect the opinions of the author’s affiliates or any other party.

2 Likes

Hi Selini team,

Thank you for consistently sharing the monthly market-making update. I’d like to offer a few suggestions that could make the report even more valuable for the SSV community and DAO stakeholders:

  1. Replace adjectives with numbers
  • Phrases like “remains robust” or “no significant deviation” feel a bit vague. Concrete figures would help, e.g.
    • Bid/ask depth at ±1 % / ±2 % (USD & lots)
    • Average spread (bps) and its MoM change
    • 24 h / 7 d volume share versus the Top-5 trading pairs
  1. Highlight Selini’s unique insight — community members can already pull basic price & volume data from public sites. What we really value are Selini’s proprietary views, such as:
  • Order-book health: slippage curve, depth distribution, average order lifetime
  • Cross-exchange arbitrage monitoring: number of wide-spread events, reaction time
  • Inventory & risk management: net SSV exposure bands, hedging methods, capital efficiency
  1. Clear targets & alert thresholds
  • For each KPI, please show “Target/SLA”, “This month”, and “Δ MoM” so the DAO can assess whether incentives are working.
  • If a metric drops below the threshold, outlining mitigation steps or resource needs in the same report would be helpful.
  1. Event-driven review
  • The sharp move from ~$8.17 to >$10 in mid-May caught many eyes. A brief recap of:
    • How the liquidity program reacted (quote size adjustments, inventory shifts)
    • Whether external news flow / non-MM inflows contributedwould add color.

Appreciate your hard work and hope these ideas help make the next report even more data-driven and insightful. Looking forward to it! :folded_hands:

1 Like

Hey Selini team, appreciate the updates and your work so far.
I also support Yuting’s suggestions, having a bit more data on spreads, depth, inventory, etc. would help the DAO better track how the market-making agreement is performing. Other DAOs follow similar reporting and it’d be great to have that extra transparency here too.
Thanks again for the good work!

1 Like