[ANN] BitfinexLendingBot - A bot for automated lending at Bitfinex

[ASutas]

Wanted to share my project: BitfinexLendingBot - A bot for automated lending at Bitfinex

Requirements, installation instructions, etc can be found at the link above.

The bot was mainly inspired by MarginBot.

It has the following features:

• Written in Go thus can be easily distributed as a single binary
• Does not require LAMP stack to run
• Is configurable by a single file
• Implements multiple trading strategies
• Supports logging to file

Feedback and pull requests are very welcome!

[1715194727]

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[1715194727]

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[1715194727]

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[ASutas]

Update: fixed rounding issue (https://github.com/eAndrius/BitfinexLendingBot/issues/1)

[ASutas]

Updated graph with data for the past two months, MarginBot strategy is doing great: https://docs.google.com/a/sutas.eu/spreadsheets/d/1lUwuN0KUwVIDBCxXOMNBsZyx_XsB1ND_KFmAJlUMRKQ/

[yhomega]

Hello
THanks for your bot but I can't make it work
Your bot is stuck like that
2015/08/27 03:44:00     Cancelling all active usd offers...
2015/08/27 03:44:00     Getting current lendbook...
2015/08/27 03:44:00     Getting current wallet balance...
Any idea?
Cheers

[eternalgloom]

Hello
THanks for your bot but I can't make it work
Your bot is stuck like that
2015/08/27 03:44:00     Cancelling all active usd offers...
2015/08/27 03:44:00     Getting current lendbook...
2015/08/27 03:44:00     Getting current wallet balance...
Any idea?
Cheers

I'm having the same problem, any idea what could be causing this?
I think it's a great idea however, hoping I can get it working

[alwinlinzee]

I know a bot can be used for trading currencies and cryptocoins, most task can be done automatically using bot but using bot to give out money is an entirely new idea to me.
Keep the good job.

[ASutas]

Thanks for reporting this - investigating now.

[ASutas]

Could everyone that are having the issue please share their config file (REMOVE YOUR API KEY/SECRET)?

I could not reproduce the problem, but updated the bitfinex-go library to have API request timeouts. Please update your local copy (of both, bot and library) and see if the problem persists.

Thanks!

[melisande]

This is a good project but just like any other financial bots, what is the minimum amount it needs to function?

[ASutas]

This is a good project but just like any other financial bots, what is the minimum amount it needs to function?

50USD or equivalent - it's a limit imposed by Bitfinex itself.

[Blawpaw]

Is this lending Bot secure? can we trust it?

can someone pls post some statistical data about the Bot performance

[ASutas]

Is this lending Bot secure? can we trust it?

can someone pls post some statistical data about the Bot performance

Please check the first 3 posts in this thread regarding bot's strategy, performance and open-source implementation.

[CharityChip]

Hello.

Would this bot function on a site like bitlendingclub.com ? Or, a similar site?

Right now, there are about 0.01 BTC to invest at 0.00010000 BTC each for about 100 transactions. This number could increase substantially later. Also, as investments are finished, new one need to be made.

Could this bot help with some of this? (Perhaps with some modifications?)

There is a "filter" function under the "investment" section, which can show, for example, only certain types of requests based on time/length of repayment, or location, credit rating, total amount requested (a range) and so on. Perhaps given some pre-specified criteria, this bot could auto-fund some types of requests?

If there would be a cost for this please estimate this and perhaps could ask for some separate funding to help modify or assist with development costs.

Thank you in advance.

/s/ CharityChip

see: CharityChip micro-investments under "Project Development".

[Financisto]

Interesting statistical data about your Bot: "BitfinexLendingBot Strategy Evaluation"

Last record is from 2015-05-17, do you have it updated with recent data?

[ASutas]

Interesting statistical data about your Bot: "BitfinexLendingBot Strategy Evaluation"

Last record is from 2015-05-17, do you have it updated with recent data?

Unfortunately no. I shifted most of the resources to a personal account.

[michaelbc]

Hi,

at me the script also gets stuck at
"Getting current wallet balance...".

Any news on that?

I restricted API write access to nothing but the Funding.

Regards,
Michael

Code:

[
    {
        "bitfinex": {
            "APIKey": "xxx",
            "APISecret": "xxx",
            "MinLoanUSD": 50,
            "ActiveWallet": "usd",
            "MaxActiveAmount": -1
        },

        "strategy": {
            "Active": "MarginBot",

            "MarginBot": {
                "MinDailyLendRate": 0.01,
                "SpreadLend": 1,
                "GapBottom": 100,
                "GapTop": 5000,
                "ThirtyDayDailyThreshold": 0.0,
                "HighHoldDailyRate": 0.05,
                "HighHoldAmount": 0.0
            }
        }
    }
]