Hummingbot Bi-weekly #43

Shipped v0.31 release, crypto.com partnership, Hummingbot Academy, & more!

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.


🚀 Shipped new Hummingbot v0.31.0!

Today we released v0.31.0 which features the new crypto.com connector along with an upgrade to the Bittrex connector that uses their new v3 API.

In addition, we’ve redesigned the connector architecture to simplify development by external developers and fixed a number of bugs.

See the release notes


🙋🏻‍♂️ Note from our CEO: Empowering our users

As you can see below, there’s a ton of exciting developments happening in the Hummingbot ecosystem. They may seem haphazard, but from our perspective, the common denominator is the theme of empowerment.

Our overarching goal with these initiatives is to provide more ways for our community to use, master, and influence the Hummingbot open source codebase. For instance:

  • governance experiments to let you vote for the next Hummingbot connector and other features

  • Hummingbot Academy, a blog series to teach you how to run various Hummingbot trading strategies

  • monthly developer calls to support devs building on top of Hummingbot

  • new connector architecture in v0.31 lets decentralized exchange protocols connect to Hummingbot the same way that centralized exchanges do today

This approach is borne out of necessity, not just altruism.

Every day, there’s a new design for a DeFi protocol or exchange, and it’s impossible for us to build all the integrations and strategies that our rapidly growing user base are requesting. The only way to serve the entire community is to empower the community to help us build Hummingbot.

best,

Michael Feng (@fengtality)


💥 New crypto.com connector and partnership

In addition to the new connector in the v0.31.0 release, we are excited to announce a partnership with crypto.com (CRO), the #11-ranked coin by market capitalization. This allows Hummingbot users to earn bonuses for trading on crypto.com’s exchange, as well as liquidity rewards from Hummingbot Miner campaigns in the future.

Read the announcement post


🎓 Introducing Hummingbot Academy

Market making, arbitrage, and other strategies can be daunting for new algo traders. Because education is critical, we’re starting a new blog series called Hummingbot Academy aimed at giving our users practical, hands-on advice about various trading strategies. Hopefully, these articles will help you understand how these strategies work, what the main risks are, and how to apply them with Hummingbot.

We’ll drop articles in this series approximately once per week - see the first one below!

Read the post


🗳️ Results of first Hummingbot governance experiment

We ran a governance experiment to let the community decide on the next Hummingbot connector. Congratulations to Loopring for winning the vote, and thank you to all the folks from Beaxy and OKEx who participated in the process.

We're aware that there were a lot of bumps with this first governance experiment, especially with the bot votes on Discord and the confusion around the poll end time. On one hand, the level of enthusiasm from the community to influence the Hummingbot roadmap has been amazing, but we clearly have to build a better voting experience. More details coming soon…


💰 New XZC rewards + $50 minimum payout for ERC-20 rewards

Starting next week, the ZCoin campaigns on Hummingbot Miner will pay out rewards in their native XZC token. To earn these rewards, miners should add a XZC wallet address (either a ZCoin wallet or Binance deposit address) to their Miner accounts.

This change is triggered in part by high gas prices in Ethereum, which cause simple ERC-20 token transfers to cost as much as $10. Due to these high transaction costs, we are raising the minimum payout for ERC-20 reward tokens to $50.

Read more


💻 Monthly developer call recap

Recently, we held the inaugural Hummingbot developer call, a monthly call to support and answer questions from external developers who are building on top of Hummingbot.

See below for a Reddit post with links to various parts of the recorded discussion, as well as info on how to join the next one.

Watch the recording


🎤 Upcoming Hummingbot events and talks

Our team will be representing Hummingbot at a number of (virtual) events over the next few weeks. Don’t miss out!

  • September 11: Deconstructing Derivatives: Our COO Carlo will be speaking on a panel about liquidity at Vega Protocol’s event

  • September 18: Celo Tech Talk: Our CEO Michael will give a talk and demo about the celo-arb Hummingbot strategy

  • October 16-18: #Liquidity2020: Hummingbot is the lead sponsor for a community-organized conference on trading bots and liquidity!


🍿 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.

Trade-offs in the Decentralized BitMEX Space: In this comprehensive post, Multicoin Capital analyzes the designs and tradeoffs of the various decentralized derivative exchange projects out there.

SushiSwap Set to Drain Nearly $1 Billion From Rival Uniswap: The twists and turns in the ongoing SushiSwap soap opera continue. This will probably be a David Fincher movie one day.