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: Supporting external Hummingbot connectors

In the last few months, we’ve seen an explosion of exchanges, both centralized and decentralized, building Hummingbot connectors. External developers are working on OKEx, crypto.com, and HitBTC connectors now. In addition, Loopring, BitPanda, and Beaxy have developed Hummingbot forks with their own connectors.

We’re incredibly grateful for all the contributions. This was what we envisioned when we started Hummingbot over a year ago, out of frustration from spending countless hours debugging low-level API connectivity when we ran a quant fund.

However, we also have ensure that our limited support and testing bandwidth isn’t consumed with reviewing external connectors. Also, we should provide clearer documentation, better support, and more transparency around what the review process entails for the developers who are building Hummingbot connectors.

With the v0.30 release, we plan to announce a program to support external developers who are building Hummingbot connectors, along with certifying connectors and merging them into the codebase.

This is the just the first step; over time, we plan to give more control and governance over the codebase to our community.

best,
Michael Feng
@fengtality

👩 Top liquidity miner interview with Vik

We are excited to interview top liqudity miner Vik, an microelectronics engineer based in Russia. Learn how she makes 5-7% per week liquidity mining! A

Also, check out the awesome trade performance calculator that she contributed to the Hummingbot community.

Read the post

🍓 How to run Hummingbot on a Raspberry Pi 4

Since Hummingbot doesn’t need to be run on a powerful computer but does benefit greatly from an uninterrupted network connector, running Hummingbot on a Raspberry Pi 4 is a perfect fit for our hobbyist users as an alternative to cloud servers.

We’ve written a guide that shows you how to install Hummingbot on a Raspberry Pi. Thanks to community member Punkhead for the original Reddit post that inspired this blog post.

Read the post

📈 Increase in spread constant from 4 to 8

After discussions with miners and traders in our community, we have decided to revise the spread density function constant used in Hummingbot Miner for all markets, starting in today’s weekly period.

This should increase rewards for placing orders with tighter spreads vs those placed at wider spreads:

See the Reddit post for more details.

🔥 COTI liquidity mining campaign launched

We are excited to announce that we have launched a new liquidity mining campaign for COTI, an innovative project that helps enterprises deploy stablecoin-based payment solutions!

This campaign will run for 3 months and feature $750/week in rewards available for market makers in the COTI/BTC, COTI/USDT, and COTI/BNB pairs on Binance.

Start mining now

🍿 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:

YFI A Tale of Fair Launch, Governance and Value: The hot new thing in DeFi currently is a token called YFI, a token designed by developer and friend of Hummingbot Andrew Cronje. This Deribit article does a great job of explaining how it works.

First Mover: This DeFi-Ready Token Is Teaching Crypto Traders to Cherish Inflation: Our upcoming liquidity mining partner Ampleforth has seen their AMPL token explode from $5m to $350m+ market cap in the last few weeks. AMPL has an innovative design that algorithmically rebases supply based on price changes. Learn how AMPL works before you start trading it.

Introducing DerivaDEX — a Next-Generation Decentralized Exchange for Derivatives: We’re excited about this new decentralized derivatives exchange launched by former professional quants.

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