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2024

Announcing the New dYdX V4 Connector in Hummingbot!

dYdX V4 Connector

We're thrilled to introduce the brand-new dYdX V4 connector in the Hummingbot v2.0.1 release! This update integrates Hummingbot with the dYdX V4 Chain, enabling users to run advanced market-making and algo trading strategies on dYdX!

This release marks a significant milestone in the collaboration between the Hummingbot Foundation and the dYdX ecosystem. Earlier this year, we awarded a grant from the dYdX Grants Program to support the development of the dYdX V4 connector and to evangelize usage.

Hummingbot Unveils New Connector to XRP Ledger in Version 2.0

Today, Hummingbot is excited to announce the release of a new connector to the XRP Ledger (XRPL), available in the latest release 2.0. The XRP Ledger (XRPL) is a decentralized, layer 1 blockchain with reliability and stability proven for over a decade, trusted by businesses and builders globally for the efficient tokenization and exchange of crypto-native and real-world assets.

Hummingbot 2.0 introduces the highly-anticipated Dashboard, a new entry point that makes the platform more accessible and user-friendly. Dashboard allows users to easily create, backtest, and deploy their trading bots through an intuitive visual interface, streamlining the strategy configuration and bot management process and enhancing the overall user experience.

This new XRPL connector cements Hummingbot as the open source exchange API connector standard across both centralized and decentralized crypto exchanges. Hummingbot users can now leverage the robust and decentralized infrastructure of XRPL to enhance their crypto trading and market-making strategies.

"The integration of the XRP Ledger in Hummingbot v2.0 marks a significant milestone for our community," said Michael Feng, Board Member at Hummingbot Foundation. "XRPL's origins in cross-border settlement align perfectly with Hummingbot’s mission to empower market makers across the world with open source standard software."

The XRPL connector is designed to seamlessly integrate with Hummingbot, allowing users to take advantage of XRPL's fast transaction times and low fees. This integration will enable traders to execute strategies with greater precision and speed, optimizing their performance across various markets.

About Hummingbot

Hummingbot is an open-source software framework that helps users create and deploy crypto algo trading and market making bots. By integrating with various exchanges and blockchains, Hummingbot provides both individual and institutional users with powerful tools to automate operations. In the past year, Hummingbot users have used the software to generate $27 billion of trading volume across 200+ centralized and decentralized exchanges. Learn more at hummingbot.org.

About the XRP Ledger

The XRP Ledger (XRPL) is a decentralized layer 1 blockchain renowned for its decade-long reliability and stability in tokenizing and exchanging crypto-native and real-world assets. Designed to support businesses and builders, it is powered by XRP, a cryptocurrency purpose-built for payments trusted by over 1,000 visionary builders and businesses worldwide. Learn more at XRPL.org.

Hummingbot Botcamp Cohort 7 Demo Day Recap

The seventh cohort of Hummingbot Botcamp recently finished with a milestone Demo Day that showcased the innovative strategies developed by our talented cohort participants. Here’s a detailed recap of the exciting strategies presented and the alpha-filled insights shared!

Announcing the Vega Protocol Connector and Sponsorship

With the release of a new connector guide for the Vega DEX connector, we are thrilled to officially welcome Vega Protocol as a sponsor and partner of Hummingbot Foundation!

As an open source foundation dedicated to democratizing algo trading, Hummingbot Foundation seeks to align with like-minded organizations. We've known the Vega founding team since 2019 (an eternity in crypto!) and share their commitment to decentralized, permissionless trading. Built on a Layer 1 blockchain designed for derivatives trading, Vega Protocol stands out with its permissionless market creation feature, which enables any participant to launch a new market (trading pair) through governance.

That's why we're excited to warmly introduce Vega as a new Hummingbot Foundation sponsor, which will support our efforts to maintain the Vega integration to Hummingbot and educate our respective communities on how to use it!

Improvements to the Discord Support Program

Fourteen months have passed since the introduction of the Discord Support Program, an initiative designed to foster active involvement and collaborative problem-solving within the Hummingbot Discord community channels. This program has enabled the Foundation team to engage community developers and users in mutual support, freeing up our resources to focus on areas such as enhancing documentation, creating user guides, and improving the Hummingbot codebase.

But with the introduction of new Hummingbot features like Dashboard and V2 Strategies, newer members of our community have struggling to keep pace with troubleshooting and issue resolution. In response, the Foundation team has intensified its engagement with community members on Discord by answering questions. Moreover, we are committed to keeping our community members abreast of the newest Hummingbot developments on the roadmap, including the imminent launch of the Condor Telegram bot, custom screeners, and advanced AI capabilities.

Key Changes

In order to increase community participation in answering questions and making the program fairer and more transparent, we're excited to announce some changes to the Discord Support Program, such as the new Discord Leaderboard in HBOT Tracker!

Announcing Botcamp and the Expanding Hummingbot Ecosystem

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In late 2021, Hummingbot Foundation was launched as an experimental decentralized autonomous organization (DAO) to build a self-sustainable, professional-grade, free and open source operating system for algo traders and market makers, owned by the community of HBOT token holders.

In an industry perceived by outsiders to be zero-sum and mercenary, Hummingbot aimed to prove that crypto algorithmic trading could be positive-sum, given the proper incentive structure. Our mission is to give everyone access to free tools and knowledge that help them make money by doing the same basic job, providing liquidity and making markets more efficient, as the world's most secretive, sophisticated quantitative hedge funds.

It's been a long road filled with landmines and near-misses (like FTX!), but Hummingbot Foundation expects to be economically sustainable going forward, thanks to our partnerships with leading exchanges and blockhain protocols. Economic viability allows the Foundation to focus on decentralizing governance and leveraging the community to expand the value of the Hummingbot codebase.

Announcing Botcamp

Vitally, the Foundation is also sustainable in large part due to Botcamp, an educational side business that the Foundation team started to train algo traders and market makers using Hummingbot.

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Botcamp's signature product is a 5-week intensive bootcamp that teaches students how to help them build their own custom trading strategies. Since October 2022, Over 200 students across five cohorts have taken Botcamp, and many of the sample scripts in the open source Hummingbot repo were contributed by Botcamp students.

Today, we’re excited to formally announce Botcamp as a separate for-profit company that provides education and training programs for market makers and algorithmic traders using the open source Hummingbot software framework.

Botcamp's products include:

Hummingbot 2024 Technical Roadmap: Innovating for the Future

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After a year of significant milestones in 2023, we're excited to announce the 2024 Hummingbot technical roadmap! Our plans are geared towards enhancing the usability, functionality, and scalability of our platform. Building on the emergence of the V2 framework, we are excited to introduce a range of innovative features that will redefine algorithmic trading for our users.

Here what we expect to deliver from a technical standpoint in 2024:

2023: A Year of Innovation at Hummingbot

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As we are assembling the roadmap for the new year, it's important to reflect on the strides Hummingbot has made from an engineering standpoint in 2023.

In the 2023 Technical Roadmap, we defined 4 key goals:

  1. Expand Top Exchange Connectors: Update connectors to latest standards, support market orders and lending/staking
  2. Optimize Hummingbot codebase: Streamline maintenance and move Gateway DEX connectors into a separate repo
  3. Expand Scripts Framework: Integrate indicators into the Scripts framework, add more examples, and make them configurable
  4. Support External Modules: Support community-built external modules like the Brokers orchestration repo

Let’s review each of these milestones versus the actual progress made in 2023: