Introducing Liquidity Mining | Hummingbot Bi-weekly #22
v0.18.0 release, Liquidity Mining, Singapore & Jakarta meetups, Hummingbot design, and more
Welcome to the Hummingbot Bi-weekly, your regular dose of updates about new features 🤖, upcoming events 🎉, and announcements from our rapidly expanding community 👪!
🌊 Introducing Liquidity Mining
We are excited to introduce Liquidity Mining, a new way you can earn passive income by running Hummingbot!
We call this liquidity mining because the concept is similar to proof-of-work mining. Rather than setting up a mining rig and using electricity, users utilize computational power and token inventory to run the Hummingbot market making software. By competing with other participants to earn rewards posted by our partners, they can earn passive income while helping to provide a liquid, smooth trading experience for other traders.
Our simulations show that liquidity miners may be able to earn returns of 10-50% per year (higher than staking/lending/HODL-ing) while token issuers and exchanges may be able to save 5-10x versus hiring a market maker.
🎁 #liquiditymining Giveaway
To celebrate the launch of Liquidity Mining, we are giving away newly minted Liquidity Mining 🌊⛏️T-shirts to 5 randomly selected fans!
Here’s how to enter:
1) Follow @hummingbot_io on Twitter
2) Retweet any tweet in this tweetstorm with hashtag #liquiditymining
3) Tag @hummingbot_io on Twitter
Deadline: Friday November 8, 2019 9:00am PST
🔑 NEW Hummingbot v0.18.0
Hummingbot version 0.18.0 has been released!
This release marks the first time we are publishing pre-compiled native MacOS and Windows binaries. Now, you can just click the Download button and install Hummingbot on your desktop without having to using the command line or Docker.
In addition, this release includes the new Dolomite connector, a new decentralized exchange that built a 3rd-party Hummingbot connector, updated documentation on how to build Hummingbot connectors, and important bug fixes.
🤙 Help us design the Liquidity Mining app together!
As an open source project, we are radically transparent about everything we do, and we believe only with you, our community members, can we achieve a height that we’ll never be able to achieve by ourselves.
So we invite you to participate in the design sessions for the new Liquidity Mining app. We’re working with our friends from Deep Work Studio, an innovative design studio that leverages design sprints to build better products collaboratively.
You can watch our live discussion and provide your feedback simultaneously. The schedule is as below:
November 4th - watch replay
In this 30-min session I will briefly give an introduction to the team and project, how the Design Sprint works and which goal we set ourselves. We will also go through everyone's individual examples from their research and show what's interesting about them. The session will conclude with a few words on what will happen next.
November 5th - 20:30 UTC
User Story Map
In this 30-min session, viewers will be able to see a highly structured and very useful team exercise to collaboratively come up with a user story. Our designer will also show what happened since the first session, walk through the drawn concepts and explain how we will draw the storyboard.
November 12th - 17:00 UTC
Wrap up and Q&A
This session will show how our designers come up with the storyboard, and design and test the prototype. Your questions will also be answered.
Click the link below to watch the replays and to join the live streams when they start!
🎙️ Hummingbot Live Halloween edition replay
This past episode is our very “crypooky” Halloween edition. In this episode, we interviewed Paul Gebheim from Augur Project, a decentralized prediction market protocol. Together, Mike, our CEO and Paul discussed how important it is to have automation for deploying strategies in brand new markets such as sports betting on Augur, and envisioned what a Hummingbot market making strategy for sports betting would be like in Augur v2.
To make Hummingbot Live more interactive and engaging, we are changing its format to a bi-weekly interview featuring community members and interesting projects. So the next show will be happening on November 21.
👋 Hello Singapore!
Liquidity Mining Singapore meetup featuring Liquid, Bitcoin.com Exchange, ZCoin & Hummingbot
Nov 13, 2019
Will you be in Merlion🧜♀️🦁 City this November?
Hummingbot, Liquid by Quoine, Bitcoin.com Exchange, and ZCoin invite you to this joint event to learn more about crypto algorithmic trading, the liquidity mining partnership, and how you can get started with algo trading.
🤝 Jakarta Blockchain Week
Trading Level-up: Crypto High Frequency Trading
Nov 19, 2019
Join Tokocrypto, Hummingbot and Rupiah Token for engaging discussions on crypto algorithmic trading, and how you too can be a flash boy in the crypto era. This event is catered to crypto traders who want to learn about the newest trading tools and strategies in the market.
🍿 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
🍫 Have you got a chance to read our crypto liquidity report published recently? we conducted a first-of-its-kind analysis to measure the liquidity of crypto assets using high-resolution Binance order book data, and rank 159 cryptocurrencies based on their liquidity. Read it now.
🍬 To understand the flow of value as well as the personas behind trading activities on Ethereum, read this interesting article on how to identify large fund wallets on Ethereum using on-chain analysis.
🥜 CryptoCompare’s September 2019 Exchange Review provides a broad overview of the crypto exchange market, focusing on historical analyses on derivatives volumes, fee models, etc. One of Hummingbot’s Liquidity Mining launch partners, Liquid, was mentioned as the exchange with the largest average daily trade count among the top fiat exchanges.
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