Skip to content

Announcements

Introducing Community Bounties

Launching a new process that connects skilled community developers with stakeholders seeking dev work

Last year, we introduced the Bounties process, which has successfully addressed numerous issues and funded vital technical improvements in the Hummingbot codebase. Bounties have been $HBOT-denominated rewards provided by the Foundation to developers for resolving bugs or adding enhancements (such as new connectors, strategies, etc.) to the Hummingbot codebase. Given its significant impact and cost-effectiveness, we believe it's time to expand the Bounties program to the broader Hummingbot ecosystem.

Here are the milestones that Bounties have achieved:

  • 68 bounties paid, resulting in 53 bug fixes and 15 new features and exchange connectors, including Kucoin Perpetual, PancakeSwap, and SushiSwap.
  • 32 unique developers have earned bounties.
  • Smallest bounty paid: 10,000 \(HBOT (\)50 currently) for Priority 3 bugs.
  • Largest bounty paid: 2,000,000 \(HBOT (\)10,000 currently) for the Orchestration Module.
  • Total funds spent: 13,337,000 \(HBOT (\)67,000 currently).

Now, we believe it's time to open up these bounties to the broader Hummingbot ecosystem, so we are recasting them as Community Bounties.

Community Bounties offer a platform for those seeking development work on exchange connectors, strategies, bug fixes, and more to connect with skilled developers capable of building these solutions. As with past bounties, Hummingbot Foundation will oversee the entire lifecycle of Community Bounties, including scoping, assignment, QA/engineering review, and code merge / payment.

Introducing Discord Support Bounties

The Discord Support Program program was launched on December 12, 2022 with the aim to foster active participation and problem-solving among members in Discord channels. During its 7-week trial period, it was exhilarating to observe a significant number of users earning HBOT rewards for providing valuable responses to community questions.

💡 [HGP-27] Community Incentives: Answer Questions & Resolve Issues

The level of engagement and support demonstrated by the members was exceptional, and we are overjoyed to express our deep gratitude to our top three contributors: SoothsayerX, MementoMori, and random-dude, who served as inspiring models of devotion and commitment. We also recognize and extend our appreciation to other noteworthy contributors such as ctraderxt, hbminerfan, wojak, Lawnel, JOE, yancong, and Lazydayz137.

Over the 7-week trial period, the community generated a total of 618 responses, earning a combined total of 945 points and rewarding 350,000 HBOT as incentives. This is an outstanding achievement and we eagerly anticipate seeing more community engagement in the upcoming months as we progress on our technical and governance roadmaps throughout this year.

Introducing the Hummingbot Governance Token: HBOT

cover

HBOT Tokens empower holders to decide how the Hummingbot codebase changes over time through voting on proposals.

As announced in this October post, CoinAlpha has established the Hummingbot Foundation (the "Foundation"), a new, independent open source foundation that will enable a decentralized, community-led software development model for Hummingbot, an open source toolbox for building crypto trading bots.

Introducing the Hummingbot Foundation

Hummingbot Foundation is a new experimental organization that will coordinate the ongoing maintenance and improvement of Hummingbot via a decentralized set of actors.

Summary

  • Hummingbot is the leading open source crypto trading bot with connectors to 30+ exchanges and a 16k-strong global community of developers and traders
  • CoinAlpha, the company behind Hummingbot, plans to establish a new open source foundation to enable it to be maintained by its community, similar to the Linux Foundation
  • The Hummingbot Foundation is a new experimental organization that will coordinate the ongoing maintenance and improvement of Hummingbot via a decentralized set of actors: sponsors, contributors, maintainers, and users
  • Launch sponsors include leading blockchain protocols such as Harmony, Avalanche, Terra, Polygon, and Kava
  • Launch contributions from long-time community members include a new triangular arbitrage strategy, TradingView webhooks, and a web GUI for Hummingbot
  • Because Foundation will earn income from existing exchange fee share agreements and administering bounties, it is expected to be self-sustainable at inception
  • The Foundation is intended to represent a new experiment in decentralized governance that will set a template for other open source projects to follow

Scaling the Hummingbot developer community

cover

From the beginning, we conceived of Hummingbot as a shared public utility: an open source project that helps you create trading bots on any crypto exchange without having to write low-level integrations to exchange APIs.

We knew that we would have to create the first few exchange integrations, but we hoped that over time, the open source nature of the Hummingbot codebase would allow others to contribute their own exchange connectors and strategies.

Since we launched last year, 58 unique developers have contributed to the open source Hummingbot codebase. But we’re also aware we should be doing more to support the many developers, both professional and individuals, who want to customize Hummingbot for their own needs and contribute to the open source codebase.

Introducing Liquidity Mining: A Marketplace For Market Makers

  • Market making is a huge but inefficient industry in crypto. Exchanges and token issuers pay quantitative hedge funds millions of dollars per year to provide liquidity.
  • We introduce liquidity mining, a digital marketplace for liquidity, powered by the Hummingbot open source software that lets anyone run a market making bot (read the whitepaper).
  • Simulations show that users can earn 10-50% annually while providing the same level of liquidity as a hedge fund. This results in 5-10x cost savings for exchanges and token issuers.
  • We are excited to announce our 8 launch partners that represent a broad cross-section of the crypto market (centralized exchanges, DEX protocols, and token issuers) who will create liquidity mining campaigns that reward their communities for market making.

Hummingbot is Live!

Welcome to decentralized market making.

Hummingbot is now public and open-source, and we’re beyond excited to bring this high-frequency market making trading bot to the masses.

The software is currently available on our Github and Docker.