Welcome to the Hummingbot Bi-weekly, your regular dose of updates about new features 🤖, upcoming events 🎉, and announcements from our rapidly expanding community 👪!
Hope this issue finds you and your ❤️loved ones safe and strong 💪. Subscribe to never miss any new issue.
🙋🏻♂️ Note from our CEO: Software should be free
Hey everyone,
When we open sourced Hummingbot one year ago, our banking and hedge fund ex-colleagues thought we were crazy. They couldn't understand why we would make professional-grade market making software free and publicly available, instead of keeping it secret and selling it for a high price.
From our perspective, software should be free. This is the core tenet that has fueled the open source software movement over the past 30 years. Today, billion-dollar companies such as Red Hat, MongoDB, and Confluent are built on open source technologies.
An open codebase allows everyone to contribute. The v0.27.0 release features 3 external contributors, and other contributors are working on features and fixing bugs in our public roadmap. In addition, trust is vital in an industry where anyone can steal your coins if they have your private keys, and the only way that we can earn our community's trust is to make Hummingbot open source and publicly audit-able.
But the most important reason why Hummingbot is open source is that it's not a black box, but rather merely a dependable, well-crafted tool that helps you build and automate a trading strategy.
Hummingbot handles the low-level grunt work of maintaining API connections to exchanges and making lots of API calls every second, but it's our users who are doing the high-level work: doing the research to construct a strategy and figuring the right mix of parameters to express that strategy in different market conditions. The strategy is the real secret sauce, which is why Hummingbot strategy config files are stored locally and never shared externally.
By separating the strategy from the software, we can make the software free.
Sincerely,
Michael Feng
@fengtality
🚀 We shipped new Hummingbot v0.27.0 today!
This release contains a number of new features for advanced users, along with many core stability improvements and bug fixes to the Hummingbot client.
We're also starting to see more external contributions from the Hummingbot community. See here for more information on how to contribute to Hummingbot.
🌊⛏️ Solana liquidity mining campaign starting next Monday
We are excited to announce that the Hummingbot and Solana teams have been preparing for the launch of a liquidity mining campaign, in which our communities will be able to participate in contributing liquidity for the SOL tokens and earn token rewards.
Change in launch date
The Solana campaign is original scheduled to kick off on May 19, 2020 12:00am UTC. Due to technical issues, we are going to postpone this campaign for 1 week. Join us on May 26, 2020 12:00am UTC here.
In the meanwhile, you will have more time to upgrade and setup their bots, and explore the new features of Hummingbot that are rolling out in v0.27.0.
Campaign Terms
The Solana campaign will offer total rewards of USDC 7,500 over 12 weeks. The eligible token pairs will be SOL/BTC, SOL/BUSD, and SOL/BNB. For full terms of the campaign, please see liquidity mining campaign terms.
🎒 FREE Liquidity Mining group training sessions
Our free training sessions have been well received by the community during the past few weeks, so we have decided to host more sessions to get users onboard. The detailed schedule is as below:
May 19: Advanced
The Advanced training session will cover:
Using multiple orders with inventory skew
Using hanging orders mode
Ways to handle market volatility
May 26: Basic
The basic training session will cover:
The basic concepts behind market making
How to install Hummingbot
Configuring a market making bot
Earning token rewards with Liquidity Mining
How to assess your bot’s performance and mining returns
Spots are limited for each training session, so RSVP today to reserve your preferred day and time!
🍿 Crypto snacks
A curated list of recently-published content about crypto trading, #DeFi, and other topics that might be interesting for Hummingbot users and developers
🍈 CoinMarketCap has updated exchange ranking system to include Web traffic. Take a look of the new ranking!
🍇 Matt Huang of Paradigm outlined an intuitive framework for evaluating Bitcoin as a new monetary asset.
🌭 Matteo Leibowitz, The Block Research Analyst, presented his take on Open Finance value proposition at the virtual Ethereal conference through the lens of MakerDAO.
💬 Get involved!
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