Welcome to the Hummingbot Bi-weekly, your regular dose of updates about new features 🤖, upcoming events 🎉, and announcements from our rapidly expanding community 👪! Subscribe to never miss any new issue.

By the way, stay safe and healthy! 🧼

🚀 We just shipped new Hummingbot v0.25.0!

In the past two weeks, we've worked extremely hard to make Hummingbot more resilient 💪 against market volatility. We also fixed a few critical issues that caused memory leaks. This is a huge release so please update your bots!

Read the release notes

🆕 New Hummingbot forum/subreddit

We have deprecated our old Discourse forum and will start using our new subreddit where many more users have already had accounts. We welcome anyone to post discussions and hummingbot and liquidity mining-related topics there.

We have made this change since we plan to utilize the forum more heavily from now on. We're seeing an increase in the number of users since we launched Liquidity Mining, so we want to ensure that there's a place where users can upvote the most helpful discussion topics.

Join our Subreddit

📋 Tips on recommended settings for new liquidity miners

Since liquidity mining is new and the crypto market is a LOT more volatile than before, our top priority is helping miners run market making bots safely and earn rewards without suffering losses due to market gyrations.

Here are some tips to run Hummingbot:

1. Start conservatively: use wider spreads (any spreads lower than 5% on each side will earn some reward) and ratchet them inwards gradually.

2. Use single order mode unless you are an experienced market maker. Multiple order levels are more complex and riskier.

Learn all the tips

📊 Liquidity mining two-week recap

In the two weeks since we've launched, despite the extreme volatility we saw last week and of course with all that's going on with the virus, we have had really positive and encouraging results so far.

Summary 2-week Statistics:

• 550 sign-ups to the Miners App

• 293 distinct users have connected the miners app to their binance accounts

• 155 distinct users have configured bots and have earned rewards

• 19 miners so far have earned rewards > 100 USDC

• Since Friday March 13, 2020 (when Bitcoin dropped ~50%), 84 unique users have continued to participate and earn rewards

• Our miners have generated over $7mm of filled order volume

  Learn more

🎒 Free Liquidity Mining group training sessions

To train users on how to earn rewards with Liquidity Mining, we will host free group training sessions. The 30-minute 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

• Recommended settings and tips

• Q&As

Spots are limited for each training session, so RSVP today to reserve your preferred day and time!

RSVP

🍿 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

🌶 Many traders suffered losses in the recent crypto market crash on March 12th. March 12: The Day Crypto Market Structure Broke (Part 1) attempts to provide an explanation on what happened and why it happened.

🍈 Decrypt made a collection of latest news and updates on how the global epidemic is affecting the blockchain and cryptocurrency industry. Check it out.

💬 Get involved!

Download | Website |  Blog | Twitter | Discord | Forum | YouTube | Meetup

🚀 We are super excited to launch the first live campaigns for liquidity mining today! The inaugural campaigns will last for a period of 12 weeks with a total reward pool of USDC51,000! 🙌

Liquidity mining campaigns are now live for a subset of our launch partners:

• Harmony

• iExec

• Zcoin

• Zilliqa

These initial campaigns will reward participants for trading in eligible tokens on Binance.com. 

Rewards will be paid out weekly based on weekly periods beginning on Tuesday (March 3rd, 2020) 12:00am GMT through the following Tuesday.

For anyone who already participated in the Open Beta, you do not need to sign up for liquidity mining again. Just set up your bot and start mining!

For anyone who’s new, click the button below to sign up and kick off your liquidity mining adventure!

Get Started

More resources

• Liquidity mining launch blog post

• What is Liquidity Mining & other FAQs

• Setup Guide

• How to install Hummingbot (demo video)

• How to configure Hummingbot (demo video)

💬 Get involved!

Download | Website |  Blog | Twitter | Discord | Forum | YouTube | Meetup

Welcome to the Hummingbot Bi-weekly, your regular dose of updates about new features 🤖, upcoming events 🎉, and announcements from our rapidly expanding community 👪! Subscribe to never miss any new issue.

🚀 Hummingbot v0.24.0 has been released today!

In this release, we focused on making Hummingbot easier for new users and fixing bugs that affect market making bots on Binance.

Changes include fixing bugs related to rate limit issues on Binance and running Hummingbot on Windows, as well an improved strategy configuration process.

See the release notes

🌊⛏ Liquidity mining kicks off in less than 1 week!

We have launched the Liquidity Mining Open Beta a few weeks ago, have you tried it out already?

Next Tuesday 12am UTC (Monday 4pm PST), Liquidity Mining officially launches with about US$3,000 in token rewards paid to liquidity miners EVERY WEEK.

Since the reward payouts are fixed on a per-minute basis, returns are higher if there is lower volume. You can see the current rates of returns in the open beta for Hummingbot Miners now.

We expect that opportunities to earn rewards will be greatest in the first few weeks after launch. Try out our liquidity miner web app today, and get ready for next week’s launch!

Learn more about liquidity mining

🎒 Free Liquidity Mining group training sessions

To educate and train users on how to earn rewards with Liquidity Mining, we will host free group training sessions every day starting on Tuesday, March 3rd (PST).

In each 30-minute training session, you will learn:

• 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!

RSVP

😎 BitAngels San Francisco February 2020 FREE tickets giveaway

Join BitAngels’ February event, which will be featuring a keynote talk by Michael Feng, Co-Founder and CEO of Hummingbot.

We are giving away free tickets ($25 value) on a first-come, first-served basis to interested community members. If you are interested in attending and would like a free ticket, please email Yingdan at yingdan@hummingbot.io.

🗓️ Date and Time:
Thu, February 27, 2020
5:00 PM – 7:30 PM PST

📍Location:
Starfish Mission
1535 Mission Street, Suite F
San Francisco

RSVP

🍿 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

🍪 Korantin Auguste, a former Googler, explains in detail in his recent blog post on hacker’s first attack of DeFi lending project bZx. Quite an interesting read!

🧁 ETHDenver DeFi project highlights provides an overview of several DeFi projects at the ETHDenver Hackathon, which might interest you.

💬 Get involved!

Download | Website |  Blog | Twitter | Discord | Forum | YouTube | Meetup

Welcome to the Hummingbot Bi-weekly, your regular dose of updates about new features 🤖, upcoming events 🎉, and announcements from our rapidly expanding community 👪! Subscribe to never miss any new issue.

Prior Hummingbot release: v0.23.0, released on February 3, 2020

Next Hummingbot release: v0.24.0, expected by March 2, 2020

🌊⛏ Liquidity Mining Open Beta

We have launched the Liquidity Mining Open Beta last week! Have you tried it out already?

On March 2nd, we plan to launch Liquidity Mining along with our partners who will pay more than $8,000 in token rewards to liquidity miners every week. To ensure that it goes smoothly, we are conducting a 4-week open beta in which we pay out testnet rewards.

We welcome any interested users to join us in trying out the Hummingbot Miners app. We will use the beta to collect user feedback and fix bugs so that we can provide a great experience for both our partners and liquidity miners when we go live.

Learn more about liquidity mining

😎 BitAngels San Francisco February 2020 Free Tickets Giveaway

Join BitAngels’ global network of investors, strategic partners, and top tier companies in the blockchain space for a fun night! This event will be featuring a keynote talk by Michael Feng, Co-Founder and CEO of Hummingbot.

We are giving away 10 free tickets on a first-come, first-served basis to our community members who are interested. If you are interested in attending and would like a free ticket, please email Yingdan at yingdan@hummingbot.io.

🗓️ Date and Time:
Thu, February 27, 2020
5:00 PM – 7:30 PM PST

📍Location:
Starfish Mission
1535 Mission Street #suite F
San Francisco

RSVP

🌉 Hummingbot Goes to 0xpo

Thanks to everyone who visited our exhibition booth or listened to the market making panel featuring Michael Feng, our CEO and Co-founder last Friday at 0xpo, the inaugural 0x.org conference.

We had a blast🥂 and hope everyone learned a thing or two about Hummingbot and Liquidity Mining.

If you missed out on this event, 0x has recorded all of the presentations, and will post the videos on their YouTube channel. Make sure you go check it out and watch the event replay!

📝 New blog post: Mapping the market maker landscape

Since we open sourced Hummingbot last year, we have learned a lot about the market making industry from speaking to many token projects, exchanges, and professional market makers about their experience.

In this blog post, we try to shed some light on this corner of the crypto world. Our goal is to help those who are contemplating hiring a market maker determine what questions they should ask prospective firms. We also provide a list of 31 crypto market making firms around the world.

Read the post

🍿 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

🦐 Joel Monegro of Placeholder Ventures in its latest post Thin Applications reviewed how his Fat Protocol theory has evolved in the past years and introduced the P2B2C (protocol-to-business-to-consumer), which means “Protocols provide specific services, which are bundled at the application layer for distribution to consumers”.

🥐 Some key points from CoinDesk’s research webinar with Jordan Clifford of Scalar Capital and Kyle Samani of Multicoin Capital - How Fund Managers View Lending and Staking.

💬 Get involved!

Download | Website |  Blog | Twitter | Discord | Forum | YouTube | Meetup

🌊⛏ Liquidity mining Open Beta kicks off today!

We are excited to launch the Liquidity Mining Open Beta today!

During the 4-week testing period, we welcome anyone who’s interested to join us in trying out the Hummingbot Miners App. We will work hard to collect user feedback and fix bugs so that we can provide a great user experience when we go live in about one month.

Learn more about liquidity mining

More resources

• Setup Guide

• Liquidity Mining FAQs

🚀 Hummingbot release version 0.23.0 is live!

In this new release v 0.23.0, we have:

• Added a new KuCoin connector

• Made the pure market making strategy easier for new users

• Updated the developer documentation

• Fixed a number of bugs

Read the release notes

💬 Get involved!

Download | Website |  Blog | Twitter | Discord | Forum | YouTube | Meetup