Hummingbot Bi-weekly #47
New release v.0.33.0, Balancer partnership, Binance.US, & Binance Futures connectors, HARD liquidity mining campaign with the BIGGEST ever reward pool, 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.
🙋♂️ Note from our CEO: Bridging CEX and DEX
As you can see from the new Balancer, Binance.US, Binance Futures, and OKEx connectors contained in the v0.33 release, Hummingbot is rapidly expanding beyond spot exchanges to derivatives exchanges, as well as decentralized exchanges on various blockchain protocols.
The “Summer of DeFi” has resulted in a Cambrian explosion of decentralized exchange protocols like Uniswap, Curve.Fi, and Balancer. In a few short months, DEX trading has risen exponentially and shows no sign of slowing down.
From the beginning, Hummingbot’s goal has been to bridge the centralized and the decentralized worlds. This release contains the Balancer connector, which uses the new Hummingbot Gateway repo, as well as the new amm-arb strategy that allows you to arbitrage price differences between Balancer and order book exchanges.
The Balancer connector should provide a template upon which both we and the Hummingbot community can add other protocol connectors. We’re working on a couple of larger protocol connectors, but there are many protocols out there that need connectivity and liquidity!
What will you build with Hummingbot?
Michael Feng (@fengtality)
🔥We just shipped Hummingbot v0.33.0!
Today we released Hummingbot v0.33.0, which contains the following exciting new features:
- NEW Balancer AMM arbitrage strategy
- NEW Binance.US connector
- NEW Binance Futures connector (Beta) that allows you to trade USDT-M perpetual futures
- NEW OKEx connector
In addition, we also made some enhancements to the user interface and fixed a number of bugs.
🆕 Introducing the new Balancer connector and amm_arb strategy!
We are excited to announce that this release includes the brand new amm_arb strategy that allows you to arbitrage between AMM protocols like Balancer and any order book exchange supported by Hummingbot.
We partnered with the Balancer team to build the new Balancer connector and amm_arb strategy because we think Balancer’s unique pool design is a perfect fit for the individual traders and small firms that dominate the Hummingbot community. Arbitrage opportunities abound, but they may be too small for larger firms to chase.
Read the launch post to learn how it works!
🆕 HARD liquidity mining campaign brings the BIGGEST ever reward pool to you!
We are super excited to announce a new liquidity mining campaign for Kava’s HARD Protocol that will start on November 10th, 2020 12:00 am UTC. The HARD Protocol liquidity mining campaign will distribute 10,000 USDT rewards in the first week alone, with an initial total reward pool of USDT 30,000 over 12 weeks.
🌊⛏️ Liquidity mining: October recap
In the past 8 months since we launch:
- Filled order volume surpassed $140mm in October, bringing the total overall miner traded volume to $143.1 million
- Total distinct miners surpassed 800! Currently, we have had 3,876 total sign-ups, with 884 distinct miners having participated and earning rewards
- USD equivalent 109k cumulative rewards paid out
- The top-ranked miner has earned equivalent USD 14,565 rewards in total and #2 miner has earned equivalent USD 7,015
👛 Now you can deposit the rewards into your Algorand and NEM wallets
Did you know that we have rolled out support for both Algorand and NEM wallets? Now miners participating in the liquidity mining campaigns will be able to receive rewards in your Algorand and NEM wallets. Does it sound amazing? Don’t hesitate to join our new Algorand and NEM campaigns!
🤚 Unveiling the result of governance proposal #2
Thanks again to everyone who participated in our 2nd governance proposal. The winner exchange is dy/dx! Our dev team will start to implement the integration, and you can expect a dy/dx connector in our next release v.0.34.0.
Remember that your voting power is determined by the liquidity mining rewards you earned in the most recent weekly reward period. Want to have a say in Hummingbot governance, make sure to participate in liquidity mining!
🍿 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 protocol Harvest Finance was exploited earlier last week, and the hacker drained $33.8 million from the protocol. Wondering how the hacker did it and how Harvest Finance is reacting to mitigate this risk in the future, read Harvest Flashloan Economic Attack Post-Mortem by Harvest Finance.
🧡 Do you like this Newsletter?
Tell us how we can make it better by replying to this email!
💬 Get involved!
Download | Website | Blog | Twitter | Discord | Reddit | YouTube | Meetup