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 5 polls, which prioritize exchanges and strategies, in the Hummingbot codebase for the July, August, and September releases.
Hummingbot Foundation's quarterly Polls have successfully driven greater participation in Hummingbot governance. Last quarter, each poll received 30+ votes and 20+ million HBOT voting power allocated!
But more importantly, polls have also allowed our community to decide which exchange connectors should be included in the Hummingbot codebase and how they should be prioritized. There are now 44 CEX and DEX connectors in the Hummingbot codebase, and each new connector requires maintenance, testing, and documentation time that imposes a cost on the overall Hummingbot user base.
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.
We recently finished our fourth cohort of Hummingbot Botcamp with Demo Day, where participants showcased the custom trading scripts they developed over the course of the Botcamp intensive 6-week online core course!
The Botcamp participants in this cohort were a dynamic mix of enthusiastic software developers, enterprising startup founders, and adept quant traders, all keen on honing their own unique trading strategies and skills. Botcamp is a professional community with regular events, and numerous participants have forged strong bonds well beyond the program's duration.
Let's take a look at what Botcamp participants presented for Demo Day #4!
Roland wrote a script that creates a self-rebalancing portfolio based on a 1/N strategy, ensuring ideal diversification without the need for specific parameters, thus offering a satisfactory baseline performance.
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.
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.
We are proud to have completed several key items from our roadmap:
Welcome to the inaugural post in our Strategy Experiments series, where we publish hypotheses, code, and performance analyses of live bot strategies.
We're thrilled to return to the Hummingbot blog with an exciting experiment: developing a crypto trading bot using the open-source Hummingbot platform. This bot employs an indicator-based directional strategy on the Binance Futures exchange, leveraging MACD and Bollinger Bands.
Sign up for Binance Futures using our Hummingbot referral code to receive a 10% fee rebate!
As the first entry in our Strategy Experiments series, we aim to foster a collaborative environment where users can share their strategic insights with the community, enhancing growth and knowledge exchange among quantitative traders.
We invite everyone to contribute their Strategy Experiments, regardless of outcome, as there is valuable learning in each experience. Through sharing insights and discussing novel concepts, we aspire to cultivate a vibrant ecosystem for continual improvement and refinement of trading strategies.
Below is a detailed account of our first experiment. You can watch the accompanying video or read the following description.
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.
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.
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.