Hummingbot Bi-weekly #39
Shipped new release v0.29.0, New performance dashboard, Interview with Harry Yeh of Binary Fintech Group, Basic risk management tutorial, etc.
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.
🚀 We shipped new Hummingbot v0.29.0 with new Scripts feature and ETERBASE connector
Today we released the new v0.29.0! This release introduces a new feature that allows users to run custom scripts that allow you to control your bots dynamically, a new ETERBASE connector and fixed a bunch of bugs.
🙋🏻♂️ Note from our CEO: Infinite Configurability
With the rollout of the new Scripts feature in this release, we are embarking on a journey to make Hummingbot more customizable and configurable. Scripts are mini Python functions that allow users to change the behavior of their bots on the fly in response to market conditions.
Over the next few releases, we plan to add more features that improve configurability, such as better documentation for the Developer Tutorial, the ability to send commands to Hummingbot from external apps like TradingView, and more seamless ways to integrate to different protocols as well as exchanges.
This ability for our users to customize their strategies is extremely important because trading is a competitive sport. Our data shows that experienced users who take the time to research and test different configurations before running them with real capital do much better than users who just run the default, out-of-the-box strategies.
Long-term, our goal with the Hummingbot codebase is to give our users as much flexibility as possible, while still keeping the basic version easy to use.
🔥 NULS liquidity mining campaign starting this week!
Soon both NULS and Hummingbot communities will be able to share the largest weekly liquidity mining reward pool to date of USDC 2,000 by participating in providing liquidity for the NULS token. The eligible token pairs are NULS/USDT, NULS/ETH, and NULS/BTC.
📊 New performance dashboard feature available on Hummingbot miner App
Understanding your mining performance can be quite tricky. There are many factors involved: trade earnings, moving token prices, fees charged in various crypto assets, and on top of that, liquidity mining rewards! If only there is a way to capture everything holistically--
We're excited to share a new feature on the Hummingbot Miner app -- your personal performance dashboard.
📈 Liquidity mining: June recap
In the past month, we have continued to see strong participation from miners across all campaigns though Zilliqa campaign has ended at the end of June.
4-month Summary Statistics
Total distinct miners reached 500! Currently, 1,752 total sign-ups, with 500+ distinct miners having participated and earning rewards
Filled order volume totaled $3.5mm in week 17, bringing the filled order volume to $56.9 million overall
USDC 48,625 cumulative rewards paid out
The top 1 miner has earned $6,017.95 rewards in total and the top 2 miner has earned $5,367.58
🎤 Interview with Harry Yeh of Binary Fintech Group
We recently interviewed Harry Yeh, Managing Partner of Binary Fintech Group, who has been working in the crypto trading industry for the past 7 years.
Disclosure: Harry is an advisor to and investor in Hummingbot.
Binary started as an OTC trading desk serving an exclusive set of crypto traders. Recently, using Hummingbot, they have started to run high frequency market making strategies.
In our blog post, we highlight a few excerpts from the above video interview, where Harry shared a bunch of important insights in crypto algo trading and market making.
📺 Watch the new tutorial video from our market making school series
In the past week, we’ve created a new market making tutorial video for the market making school series. If you haven’t watched it yet, watch it here -
Basic Risk Management for Crypto Market Making
🍿 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
🥞 DeFi's recent biggest hit is yield farming/liquidity mining, which is like Uber giving shares to early drivers and riders, argued a researcher. However, today if any token that isn’t ERC-20 wants to take advantage of liquidity mining, Hummingbot is the only game in town.
🥝 The total value locked in various DeFi protocols has surpassed $2 billion. Compound is now the top DeFi protocol, snatching that position from MakerDAO. Learn more.
🌽BTC can be tokenized on Ethereum in a variety of ways, with various tradeoffs. Do you know the worth of BTC that has been tokenized on Ethereum?
💬 Get involved!