by Hummingbot Foundation
From the moment we open sourced Hummingbot as a CLI-based market making bot back in 2019, people have asked "wen GUI???"
While we knew that a graphical user interface would make Hummingbot more user-friendly, we chose to spend our limited resources on improving Hummingbot's exchange connectors and strategy template library.
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:
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.
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.
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.
Hummingbot Foundation is a new experimental organization that will coordinate the ongoing maintenance and improvement of Hummingbot via a decentralized set of actors.
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.
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.