Hummingbot Bi-weekly #44
KuCoin liquidity mining launch, governance update & 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.
🙋♂️ Note from our CEO: The Growing Hummingbot Ecosystem
Last year when we first launched Hummingbot, we envisioned an ecosystem in which anyone could contribute an exchange connector or trading strategy, enabling Hummingbot to develop into a modular, community-operated project that serves the entire crypto industry.
I’m happy to report that we’re getting closer to that reality. Today, Hummingbot supports 12 exchanges officially, but a number of external developers have also built Hummingbot forks for other exchanges. A few of these devs have joined our team full-time, while we work with other devs as close arms-length partners. In addition, over 60 external contributors have added features and fixed bugs in the core Hummingbot codebase.
We believe that an external developer ecosystem is the key to scaling the Hummingbot open source codebase. There are thousands of crypto exchanges, both centralized and decentralized, with more created every day. The only way that we can serve the entire industry is to build a modular architecture that enables anyone to contribute. That’s why we’re excited to begin formally supporting 3rd party developers in building connectors and other features for exchanges.
In order to ensure a high level of quality in the Hummingbot codebase, we are approaching this transition carefully. During the review process, we work with the connector developers to ensure that they meet the functional and code quality guidelines before merging them into the codebase. To ensure that our bandwidth is allocated to the most important places, we are rolling out governance to let our community to help us prioritize which exchanges to support and which features to build.
How to participate in the Hummingbot ecosystem
Developers: Join the discussion on the #dev channels on our Discord
Exchanges/Projects: Email us at partnerships@hummingbot.io to learn how to access the Hummingbot developer community
Users: Read our governance recap and participate in the next round of voting
best,
Michael Feng (@fengtality)
🚀 Liquidity Mining is coming to KuCoin on Oct 5!
We’re incredibly excited to announce that we’re expanding Hummingbot Miner to KuCoin with initial campaigns for Harmony and Suku!
Since we launched on Binance in March, our team has been working hard to improve the accuracy, stability, and scalability of the system, finally allowing us to expand to more venues.
We are launching with a special open beta that rewards users with prizes as well as token rewards during a special 2-week period to test out the liquidity mining system on KuCoin.
🗳️ Governance recap and next steps
Our first governance experiment to pick the next Hummingbot exchange integration resulted in over 3,700 votes, with Loopring winning over Beaxy and OKEx. However, the experience also taught us that we need to improve the governance system before round 2…
🎓 [Hummingbot Academy] What is Arbitrage?
We’ve published the second article in our new Hummingbot Academy educational series: What is Arbitrage?
For new algorithmic traders, it’s important to understand the basics of the core trading strategies before building more sophisticated, complex strategies. That’s why we are focusing on explaining the core building blocks before discussing more advanced concepts.
We plan to publish a new Hummingbot Academy article every week, so bookmark the Academy tag on our blog to stay updated!
🎤 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 29: Hummingbot and liquidity mining webinar for the Suku community will be hosted on zoom. We also welcome others from the Hummingbot community to join.
Time: 5pm PDT / 8pm EDT
https://us02web.zoom.us/j/86258719781October 16: Our CEO Michael will give a talk and demo on the new
celo-arbHummingbot strategy at Celo’s Tech Talk.October 16-18: Hummingbot is one of the lead sponsors for #Liquidity2020, a community-organized conference on trading bots and liquidity! We’ll host a few different talks and workshops during the event.
🍿 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.
Introducing UNI: Congratulations to our friends at Uniswap for launching their UNI governance token and establishing a liquidity mining campaign to disseminate it. We also appreciate and thank them for helping to educate the market about how liquidity mining works:
“The formula accounts for LP liquidity on a per-second basis since the deployment of Uniswap v1, ensuring that rewards are weighted towards LPs that provided liquidity when total liquidity was low.”