Hummingbot Bi-weekly #41
Shipped new release v0.30.0, Magic-powered email login, Mandarin support, 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.
🚀 Shipped new Hummingbot v0.30.0 with new commands!
Today’s release of version 0.30.0 features a number of new commands, including order_book (shown above) and others. Also, we have simplified and refactored Hummingbot exchange connectors to make it easier for other developers to add new connectors.
🙋🏻♂️ Note from our CEO: Supporting external connectors, part 2
As some of you may know, we originally ran a quant hedge fund. We built Hummingbot because we were frustrated by the amount of time we had to spend on low-level exchange integrations. It was a lot more fun and exciting to develop and train new strategies, but instead we were spending way too much time building and maintaining exchange integrations. Since our friends at other quant funds were doing the same thing, we thought there should be a professional-grade public utility that all algorithmic traders could use and not waste time on exchange integrations.
Fast-forward to today, and Hummingbot now officially supports 11 exchanges, both centralized and decentralized. But we’re also aware of many Hummingbot forks out there, built by exchanges, funds, and traders for their own use (example: Loopring’s fork)
We are incredibly grateful for these contributions, so we are launching a process to start accepting these contributions into the Hummingbot codebase. For each connector, we will undergo a thorough review before approving it into the codebase, in order to maintain a consistent level of quality.
To ensure that we’re spending our review bandwidth on useful connectors, we’ll let the Hummingbot community to vote for which connectors we review and approve next. In the meantime, anyone who has a working Hummingbot connector can contact me on Discord or Twitter if you would to get it merged into the open source codebase.
✨ New feature: Magic-powered email login
In the Hummingbot Miner app, we have replaced the Ethereum address-based login with email-based login, powered by our friends at Magic.
This should be easier for liquidity miners to use, while under the hood, Magic uses elliptic curve cryptography and HSMs to ensure security. Here’s a blog post we wrote about how it works.
⚖️ Comparing liquidity mining options in DeFi vs. Hummingbot
We are excited to see liquidity mining as a general concept being adopted across DeFi! While each implementation is different, the common thread is using algorithmic incentives to reward the community to provide liquidity, rather than a single firm.
Since there are many nuances to liquidity mining applied to order book exchanges (our model) versus liquidity mining on automatic market makers (Balancer, Curve etc), so our COO Carlo wrote a blog post comparing them.
We recently launched a 中文 (Mandarin Chinese) support channel on our Discord server. Along with our Mandarin wiki on Github, this channel should help Mandarin speakers all over the world get the help and information they need to start using Hummingbot.
🎤 Hummingbot talk at FutureProof on August 23
Our CEO Michael will be giving a talk at the #FutureProof virtual conference about Hummingbot and building trading bots generally. The Hummingbot talk will be at 9:30pm PST Friday August 22 (12:30pm Saturday August 23 in Singapore/Hong Kong). Don’t miss it!
🍿 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 Project Serum: Serum is a new Solana-based decentralized derivatives exchange built by FTX. We’re excited to see a new option for traders and will hopefully support Serum with a Hummingbot connector in the future.
🍠 YAM: An Experiment in Fair Farming, Governance, and Elasticity: Building upon the governance principles of YFI and the elastic supply of AMPL, YAM is a new experiment in decentralized finance created by some of our DeFi friends.