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Epochs

The Hummingbot Foundation is an experiment in creating a self-sustainable open source ecosystem by distributing HBOT tokens to community developers who maintain the codebase.

We iterate to improve upon this distribution process via Epochs. Each Epoch is a quarterly period that are basically long agile sprints, after which the Foundation and the community may propose changes for the next Epoch.

Epoch 8 (Q2 2024)

Approved Governance Changes: HGP-50

Starting after epoch 7, Polls divide a fixed pool of HBOT between the connectors based on their pro-rata voting share. The Foundation assigns maintenance bounties to community developers for each connector using these amounts.

See the Connector Pots tab in HBOT Tracker for the current allocations for each exchange and chain.

CEX Connectors

Poll: HGP-55

Rank Exchange New HBOT Allocation
1 OKX 402,145
2 Binance 219,839
3 Coinbase 214,477
4 Kraken 163,539
Inclusion Threshold Pass/Fail Exchange Connector
OKX, Binance, Kraken, Coinbase, Kucoin, AscendEx, Bybit, Bitmart, Gate.io, Bitrue, MEXC, Phemex, Foxbit, Huobi, Bit.com, BTC Markets, NDAX, Bitfinex, Bitget, HitBTC

DEX Connectors

Poll: HGP-56

Rank Exchange New HBOT Allocation
1 XRP Ledger 314,879
2 Uniswap 273,356
3 dYdX 245,675
4 Hyperliquid 166,090
Inclusion Threshold Pass/Fail Exchange Connector
dYdX, Uniswap, XRP Ledger, Hyperliquid, Dexalot, Pancakeswap, Curve, Tinyman, TraderJoe, Polkadex, Vega, Sushiswap, Carbon, Quickswap, Injective Helix, Osmosis, Mad Meerkat, Plenty, Ref, Vertex, VVS, XSwap, Perpetual Protocol, Pangolin, OpenOcean
Quipuswap

Chain Connectors

Poll: HGP-57

Rank Chain New HBOT Allocation
1 Ethereum 400,000
2 XRP Ledger 278,261
3 Polygon 100,000
4 Injective 130,435
Inclusion Threshold Pass/Fail Chain Connector
Ethereum, XRP Ledger, Polygon, Injective, BNB Chain, Avalanche, Algorand, Cronos, Harmony, XDC Chain, NEAR, Tezos, Kujira, Cosmos, Osmosis

Epoch 7 (Q4 2023)

Approved Governance Changes: HGP-50

Starting after epoch 7, Polls divide a fixed pool of HBOT between the connectors based on their pro-rata voting share. The Foundation assigns maintenance bounties to community developers for each connector using these amounts.

See the Connector Pots tab in HBOT Tracker for the current allocations for each exchange and chain.

CEX Connectors

Poll: HGP-51

Rank Exchange New HBOT Allocation
1 OKX 315,126
2 Kraken 273,109
3 Coinbase 231,092
4 Kucoin 180,672
Inclusion Threshold Pass/Fail Exchange Connector
OKX, Kraken, Coinbase, Kucoin, AscendEx, Bybit, Bitmart, MEXC, Phemex, Foxbit, Huobi, Bit.com, BTC Markets, NDAX, Bitfinex, Bitget, HitBTC
Bitmex, Woo X

DEX Connectors

Poll: HGP-52

Rank Exchange New HBOT Allocation
1 dYdX 400,000
2 Uniswap 410,423
3 XRP Ledger 103,582
4 Pancakeswap 85,993
Inclusion Threshold Pass/Fail Exchange Connector
dYdX, Uniswap, XRP Ledger, Pancakeswap, Uniswap, Dexalot, TraderJoe, Polkadex, Mad Meerkat, Perpetual Protocol, Sushiswap, Tinyman, Injective Helix, Quickswap, Vertex, Pangolin, Ref, XSwap, Hyperliquid, OpenOcean, Curve, Plenty

Chain Connectors

Poll: HGP-53

Rank Chain New HBOT Allocation
1 Ethereum 400,000
2 XRP Ledger 278,261
3 BNB Chain 191,304
4 Avalanche 130,435
Inclusion Threshold Pass/Fail Chain Connector
Ethereum, XRP Ledger, BNB Chain, Avalanche, XDC Chain, Cronos, Algorand, NEAR, Polygon, Injective, Tezos, Kujira, Cosmos, Harmony

Epoch 6 (Q3 2023)

Recap: Epoch 6 Polls Recap

Approved Governance Changes: HGP-45

CEX Connectors

Binance
Gate.io, Kucoin, Huobi
Ascendex, OKX, Coinbase, Kraken, BTC-Markets, Phemex, HitBTC, Bitfinex, Bitget, Bitmex, BIT, MEXC, Bybit, Bitmart, NDAX

DEX Connectors

dYdX
Dexalot, Polkadex, Injective Helix
Uniswap, Pancakeswap, Sushiswap, Plenty, TraderJoe, Perpetual Protocol, Quickswap, OpenOcean, Pangolin, Mad Meerkat Finance, Ref Finance, Tinyman, VVS Finance, XSwap, Vertex

Chain Connectors

Ethereum
Avalanche, Binance Smart Chain, Polygon
Injective, Harmony, Tezos, XDC, Algorand, Cosmos, Cronos, Near

Epoch 5 (Q2 2023)

Recap: Epoch 5 Polls Recap

Approved Governance Changes: HGP-43

CEX Connectors

Binance
Kucoin, AscendEx, Gate.io
OKX, Huobi, AltMarkets, Phemex, BIT, Kraken, Bybit, Bitmart, NDAX, Coinbase, Bitfinex, HitBTC, Binance US, MEXC, BTC-Markets, Bitget, Bitmex

DEX Connectors

Uniswap
dYdX, PancakeSwap, Dexalot
TraderJoe, Sushiswap, Pangolin, Tinyman, Injective, Quickswap, Mad Meerkat Finance, Ref Finance, VVS Finance, XSwap, Defira, OpenOcean, Loopring

Core Strategies

Pure Market Making (PMM), Cross Exchange Market Making (XEMM), AMM Arbitrage
Avellaneda Market Making, Liquidity Mining, Perpetual Market Making, Spot Perpetual Arbitrage, UniswapV3 LP, Cross-Exchange Mining, TWAP, Hedge

Epoch 4 (Q2 2023)

Recap: Epoch 4 Polls Recap

CEX Connectors

Binance
Kucoin, Gate.io, AscendEx
Bitget, MEXC, NDAX, OKX, Bybit, Bitmart, BTC-Markets, WhiteBit, Kraken, AltMarkets, Bittrex, Crypto.com, Bitmex, LBank, Huobi, Coinbase, Binance US, Bitfinex, HitBTC, ProBit Global

DEX Connectors

Uniswap
Quickswap, Traderjoe, dYdX
Pancakeswap, MM Finance, Ref Finance, VVS Finance, Sushiswap, Defi Kingdoms, Defira, Loopring, Perpetual Protocol, Pangolin, OpenOcean

Core Strategies

Pure Market Making (PMM), Cross Exchange Market Making (XEMM), AMM Arbitrage
Perpetual Market Making, Spot Perpetual Arbitrage, Hedge, Avellaneda Market Making, Liquidity Mining, Cross-Exchange Mining, UniswapV3 LP

Epoch 3 (Q1 2023)

Recap: Epoch 3 Polls Recap

CEX Connectors

Binance
Kucoin, Gate.io, AscendEx
Crypto.com, Kraken, LBank, Bitget, Bybit, NDAX, Coinbase, Bitmart, Bitfinex, Binance US, Bittrex, Huobi, AltMarkets, HitBTC, Bitmex, ProBit Global, OKX, WhiteBit, MEXC

DEX Connectors

Uniswap
PancakeSwap, SushiSwap, dYdX
TraderJoe, QuickSwap, OpenOcean, Pangolin, Defira, Perpetual Protocol, MM Finance, Defi Kingdoms, Loopring, Ref Finance, VVS Finance

Core Strategies

Pure Market Making (PMM), Cross Exchange Market Making (XEMM), AMM Arbitrage
Avellaneda Market Making, UniswapV3 LP, Hedge, Cross-Exchange Mining, Perpetual Market Making, Aroon Oscillator, Liquidity Mining, TWAP, Spot Perpetual Arbitrage

Epoch 2 (Q3-Q4 2022)

Approved Governance Changes: HGP-22, HGP-24

After Epoch 2, the Foundation conducted a retrospective and decided to enact the following changes to improve the governance process:

  • Change epoch cadence to from bi-annually to quarterly
  • Start Polls to make HBOT governance easier
  • Cease setting per-epoch HBOT distribution targets

Epoch 1 (Q1-Q2 2022)

Approved Governance Changes: HGP-10, HGP-12, HGP-17

After Epoch 1, the Foundation conducted a retrospective and enacted a number of changes to the governance process. Specifically, the Foundation decided to start the following initiatives:

  • Start the Exchange Certification initiative
  • Create more structure around the Bounties process
  • Start a developer bootcamp