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Hummingbot 2023 Roadmap Update

In December, we shared our ambitious technical roadmap for 2023, detailing the features and improvements we planned to introduce throughout the year. Today, we are excited to provide an update on the progress we've made, the milestones we've reached, and the exciting plans we have for the remainder of the year.

What's Been Shipped

We are proud to have completed several key items from our roadmap:

Epoch 4 Polls Recap

Every quarter, Hummingbot Foundation organizes Polls, an on-going initiative that lets HBOT holders decide how the Foundation allocates its engineering bandwidth and developer bounties across the components in the Hummingbot codebase.

This week, we completed the Epoch 4 polls, which prioritizes exchanges and strategies, and issues in the Hummingbot codebase for the April, May, and June releases.

End of HBOT delegation

Per HGP-24, we have ended the HBOT delegation system

In Hummingbot Governance proposal HGP-24, Hummingbot Foundation proposed to terminate the HBOT delegation system that was initially created to allow locked-up token holders to be able to vote their tokens. Since the lockup period has expired and these token holders are able to release the tokens into their wallets, the delegation system is no longer needed to enable voting participation.

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.

FAQ on Hummingbot Polls for Exchanges

What are Polls?

Hummingbot Foundation started conducting quarterly Polls to give HBOT holders a say in the allocation of the Foundation's engineering bandwidth and HBOT developer bounties across the various components of the Hummingbot codebase especially, which exchanges are included in the codebase, and how much maintenance effort we apply to each exchange.

Epoch 3 Polls Recap

Epoch 3 polls prioritizes maintenance of exchanges, strategies, and issues in the Hummingbot codebase

Recently, we finished the first set of Polls, a new initiative that lets HBOT holders decide how the Foundation allocates its engineering bandwidth and developer bounties across the components in the Hummingbot codebase. We believe regular Polls will ensure that we can continually improve the aspects of Hummingbot that are the most important to the community.

Below, we summarize the results of the Epoch 3 Polls and outline the changes we'll make over the next quarter.

Hummingbot 2023 Governance Roadmap

Specifics on our governance roadmap for 2023, Epoch 2 retrospective, and Epoch 3 changes.

In our last governance post, we summarized Hummingbot Foundation's progress since we launched the HBOT governance token one year ago, as well as the lessons that we've learned about how to structure the governance process. In particular, the Foundations plans to start regular monthly Polls to allow HBOT users to decide how the scarce maintenance bandwidth would be allocated across various exchanges, strategies, and issues in the Hummingbot codebase.

As a follow-up, this post provides more specifics on our governance roadmap for 2023. This post also serves as the retrospective for Epoch 2 and outlines changes for Epoch 3.

Changes to Hummingbot Maintenance and Governance

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Almost exactly one year ago, Hummingbot Foundation launched the HBOT token as an experiment in decentralized governance over a publicly shared, community maintained open source project.

Inspired by Linux, we believe that a bazaar-style, distributed model of software development, powered by a decentralized, community-owned governance token, would allow us to maintain and grow a large, complex, open source codebase like Hummingbot.

Highlights

Here are some of our proudest achievements over the past 12 months:

  • Executed 220+ governance proposals on our Snapshot governance portal, an average of 4.7 votes per proposal and a 92% acceptance rate. We believe this spread fairly represents what Hummingbot is today: an organic, global community of quant traders and developers who use different aspects of a shared, modular codebase.
  • Awarded more than 40 developer bounties to 20+ unique community developers for fixing bugs, adding new CEX/DEX connectors, strategies and other enhancements to the codebase (see HBOT Distributions in HBOT Tracker)
  • Held 23 weekly developer and community calls, with agendas and recording links posted in the pm repository
  • Launched the public Hummingbot Reported Volumes dashboard to report real-time aggregated volume metrics from Hummingbot users. Over the past 3 months, Hummingbot users have generated $6 billion in trade volume.

Gate.io Trading Competition: Results and Retrospective

Last month, we partnered with Gate.io to organize a Trading Competition for the Hummingbot community. The goal was to conduct an experiment to see if these types of promotions would be mutually beneficial for the Hummingbot community and the exchange itself.

Here are the results of the competition, which ran for one month from October 10 to November 10:

  • 408 average weekly participants
  • $10.2M total traded volume
  • $4,991 in total fees to Gate.io