At Hummingbot, our mission is to democratize high-frequency trading (HFT).
Before, only hedge funds had the technology to run lucrative HFT strategies like market making and arbitrage. After we launched Hummingbot in April 2019, ten thousand people around the world have installed our open source HFT software. Currently, Hummingbot's weekly install rate is growing at an 18% clip.
We explain in more detail the methodology and mechanics of liquidity mining, a data-driven, objective methodology for quantifying market maker performance.
In our liquidity mining announcement, we introduced a data-driven, objective methodology for quantifying market maker performance. This serves as the basis for determining fair and open compensation for market makers. So how does it all work? In this post, we explain in more detail the methodology and mechanics of the platform.
This summary provides an overview of the Liquidity Mining whitepaper, which introduced a novel approach to liquidity provision in digital asset markets.
The document explores the historical context behind market making, the state of crypto market making in 2019, compensation models, and proposing an innovative liquidity mining model aimed at optimizing the market making process.
Two months ago, in conjunction with our friends from Harmony Protocol, we started an experimental program called $ONE Makers to see if ordinary individuals using Hummingbot to run market making bots could effectively provide the same level of liquidity as professional market makers.
Both we and Harmony viewed $ONE Makers as an experiment. In particular, we wanted to answer the following questions:
Read on and find out!
It's been just over two months since the launch of the $ONE Makers liquidity bounty program. With intense competition, bounty hunters have diligently worked to climb the ranks on our newly launched, real-time leaderboard. The trading volume for $ONE in July and August totaled an impressive USD $5.98 million.
In this post, we're excited to introduce Dominator008, who clinched the #1 spot in the August reward period and has earned over 10 ETH in the previous period. Dominator008, a software engineer by profession with a deeply technical background, joined $ONE Makers in mid-July. He is currently utilizing hummingbot to trade various pairs, including ONE.
Three weeks have passed since the launch of the $ONE Makers liquidity bounty program in collaboration with Harmony Protocol. We've witnessed $ONE's trading volume soar beyond 130 million. Bounty hunters are vying fiercely to ascend our leaderboard.
In this edition, we spotlight David Salter, who currently holds the #6 rank (as of July 22, 2019) and has accrued approximately 1ETH in bounty rewards. Boasting a solid technical background, David has extensive experience in the telecommunications and finance sectors. His journey into cryptocurrency trading began in July 2017, and he now consistently achieves 0.5%-3% profit per trade using Hummingbot during his trading sessions.
Join us as we delve into David's experiences and gather insights from his trading strategies!
A new approach to solving one of the biggest problems that face issuers of digital tokens: liquidity.
For the first Liquidity Bounty, we have partnered with our friends at Harmony Protocol, a Layer 1 blockchain project with key innovations in sharding and network transport, founded by a highly technical team from Google, Apple, and Amazon.
Since Hummingbot is an open source bot platform that connects to many different exchanges, we have developed a deep understanding of the nuances between various exchange types.
In this post, we discuss the three main methodologies that digital asset exchanges use to facilitate asset transactions. We hope that this post helps crypto traders and developers choose the right exchange for their needs.
Exchanges perform the fundamental role in free markets of bringing together and coordinating buyers and sellers. Exchanges provide a venue for these parties to discover one another, negotiate and agree terms, and ultimately transact. Exchanges have adopted multiple methodologies to achieve this:
Since both Hummingbot and Uniswap are both open source projects that allow users to make money by providing liquidity, many people have asked how they compare to each other.
Below, we shed more light on their similarities and differences and explain why the two projects are highly complementary.