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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.

Coding a Liquidation Sniper V2 Strategy Controller

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by Patrick Meier

In this article, we'll explore how to create a custom V2 Controller for Hummingbot to snipe future liquidations on Binance. We'll use a generic controller to demonstrate the correct usage and implementation of this strategy.

Liquidation Sniper Strategy

This strategy shall be able to exploit liquidations that happen regularly in Crypto Futures Markets. When they happen there is a tendency to have a quick rebound of the market that this strategy aims to catch with different order levels used (DCA).

The goal of this trading strategy is to capitalize on the quick rebounds that often follow liquidation events in the cryptocurrency futures market. These liquidations, caused by traders being forcibly closed out of their leveraged positions, create sharp price movements that can temporarily disrupt market equilibrium.

Hummingbot Dashboard Quickstart Guide

In this tutorial, we'll guide you through installing Hummingbot 2.0, which provides an easy-to-use Dashboard app that helps you connect exchange credentials, create/backtest a strategy configuration, and deploy a fleet of bots!

Watch this video for an overview and walkthrough of the features in Hummingbot 2.0:

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.

  • in Botcamp
  • 4 min read

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!