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:
- 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
- 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
- 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.
- 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! 