These instructions help users navigate the installation, configuration, and operation of (OSS) Hummingbot high-frequency trading bot running Automated Market Making Arbitrage or Range Automated Market Making strategies on Osmosis DEX over the Hummingbot Gateway.
Welcome to our user guide which will embark you on a decentralized trading journey that combines Dexalot's cutting-edge technology built on Avalanche blockchain and Hummingbot's advanced trading capabilities.
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.
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!
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.
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.
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:
Binance is the world’s largest crypto exchange by trading volume, with $76 billion daily trading volume on Binance exchange as of August 2022, and 90 million customers worldwide.
This section provides a step-by-step guide that helps you use Hummingbot with Binance, starting with generating exchange API keys and adding them to Hummingbot. All information is sourced from the exchange website and other content.
Hyperliquid Vaults serve as an exchange wallet where funds are used by an individual trader or automated market maker (Vault Leader). Anyone can deposit (Vault Depositors) in the vault and earn a share of the profits.
The Hyperliquidity Provider (HLP) vault, operated by Hyperliquid, runs market-making strategies on each trading pair. Anyone can provide liquidity for HLP and share in the P&L of the vault. HLP doesn’t collect any fees directly, and its P&L is shared proportionally based on each depositor’s share of the vault. HLP is community-owned.
Polkadex is a state-of-the-art decentralized exchange on the Polkadot network, offering a seamless blend of the high-speed trading typically found on centralized platforms with the security and autonomy of a DEX. This guide walks through setting up a Polkadex wallet and initiating trading with Hummingbot.
By leveraging Polkadex and Hummingbot, traders can enjoy a high-performance, secure, and automated trading experience without the custodial risks, making it an ideal platform for both novice and seasoned traders in the cryptocurrency ecosystem.
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:
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:
Let’s review each of these milestones versus the actual progress made in 2023:
As 2023 winds to a close, reported volumes from Hummingbot clients have reached an all-time high of $140M per day. Widespread usage of Hummingbot across 114 exchange venues spanning both official releases and unofficial forks shows that Hummingbot is becoming the industry standard for market maker connectivity.
Since it has been two eventful years have passed since the inception of the Hummingbot Foundation and the issuance of the HBOT token, we wanted to update the original Hummingbot Foundation whitepaper. Specifically, this post has three objectives: