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Author Topic: [ANN] Hummingbot - Liquidity Mining Campaign  (Read 311 times)
papaghost
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November 19, 2020, 02:34:17 AM
 #1

We are excited to announce a new liquidity mining campaign for Stratis that will start on November 24, 2020, 12:00 am UTC. The Stratis liquidity mining campaign will initially be distributing USDT rewards and may later transition to the new STRAX token over the 12 weeks. In this post, we are going to introduce the Stratis to the Hummingbot community and give both the Hummingbot and Stratis communities an overview of the upcoming campaign.

About Stratis
Stratis is a company that operates worldwide. Its strong, distributed team of blockchain developers, consultants, and marketing experts combines a solid corporate structure, for best business practices, with the flexibility required for rapid prototyping and deployment. Stratis is headquartered in the U.K. and incorporated as Stratis Group Ltd.

Stratis’ mission is to use its expertise to solve enterprise blockchain development and implementation on a global scale.

The Stratis cryptographic token fuels the Stratis Platform and acts as a value transfer vehicle in the Stratis marketplace.

Stratis is transitioning from its STRAT token to the new STRAX token that was listed on Binance on November 18, 2020. To swap your STRAT tokens to STRAX, please visit here.

Liquidity Mining Campaign for Stratis Token (STRAX)

At Hummingbot, our goal is to make algo trading easy and accessible. That’s why Stratis’ mission of making blockchain easy speaks to us. This mission alignment makes us very excited about the partnership and the upcoming liquidity mining campaign. By creating an open, fair, and transparent liquidity mining system, Hummingbot enables individual crypto traders to access algorithmic trading, bring liquidity to the token project, and earn rewards. The amount of liquidity mining rewards a miner receives correlates with the risks s/he takes. Liquidity mining will allow the newly issued STRAX holders to deploy their holdings and earn token rewards, as well as enable our trader community to explore market-making opportunities for STRAX.

Campaign Terms²

  • Start date: November 24, 2020 12:00am UTC
  • Total reward pool*: USDT 15,000 for 12 weeks
  • Eligible token pairs: STRAX/BTC and STRAX/BUSD
  • Eligible orders: maker orders placed with spreads of 2% or lower
  • Exchange: binance.com


*For full terms of the campaign, please see liquidity mining campaign terms.

To learn more about liquidity mining, see below:



About Hummingbot

Hummingbot is an open source trading engine that helps you run automated, algorithmic trading strategies ("bots") that can run on centralized and decentralized exchanges. Hummingbot utilizes a modular architecture that enables exchange connectors and trading strategies to be written independently.

Important notes and disclaimers
Please review the Liquidity Mining Policy for the full disclaimer, including policies related to the use of Hummingbot.

The content of this Site does not constitute investment, financial, legal, or tax advice: none of the information contained on this Site constitutes a recommendation, solicitation, or offer to buy or sell any digital assets, securities, options, or other financial instruments or other assets, or to provide any investment advice or service.

No guarantee of profit: CoinAlpha does not claim that liquidity mining and participation in liquidity mining campaigns will be profitable, however measured, for the user. Liquidity mining yields are a measure of rewards compared to assets used for liquidity mining, excluding any gains or losses incurred from the underlying trading strategy.

Eligibility requirements: participation in liquidity mining is subject to eligibility requirements as specified in the liquidity mining policy.

Campaign terms subject to change: terms may be modified over the course of the campaign. We will announce any changes, if any, on our discord and reddit; the most up to date terms will also be posted on the liquidity mining campaign terms and the miners app.
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November 21, 2020, 12:48:40 AM
 #2

NEM just uploaded an amazing demo video for beginner liquidity miners. Check it out, and join NEM liquidity mining campaign: https://www.youtube.com/watch?v=7Hc1IciDM7w&feature=youtu.be
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November 27, 2020, 07:57:42 AM
 #3

We just released a tutorial video on advanced market making for NEM liquidity mining (Also applicable to other liquidity mining campaigns on our platform). If you are interested in diving into more advanced settings, watch this :blinky: ->  https://youtu.be/mhSj5B98VcQ and Stratis liquidity mining webinar. :arrow_down: https://www.youtube.com/watch?v=1OdG6CUhM-w
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November 29, 2020, 02:44:22 PM
 #4

Hello ! The question is rather technical:
I installed the bot, it works great on the selected algorithm and pair. Question: how to run a second bot on the same computer (Ubuntu), but for another pair of cryptocurrencies, and perhaps an algorithm? First copy installed via docker container

.AMEPAY.
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papaghost
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December 01, 2020, 03:11:54 AM
 #5

Hello ! The question is rather technical:
I installed the bot, it works great on the selected algorithm and pair. Question: how to run a second bot on the same computer (Ubuntu), but for another pair of cryptocurrencies, and perhaps an algorithm? First copy installed via docker container

Hi, apologies for the late response,  You can create multiple bots via docker, see https://docs.hummingbot.io/operation/adv-command-ref/#create-and-run-multiple-bots.

Do join our discord for 24/7365 support over here https://discord.com/invite/2MN3UWg
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December 01, 2020, 03:31:17 AM
Last edit: December 01, 2020, 02:32:09 PM by papaghost
 #6

With strong results and participation from #hummingbot miners, @nemofficial has decided to increase its reward pool to ~$10k/month, that's $2.5k/week.:moneybag:

This week's total reward pool is 13,800 XEM!

Join #liquiditymining today: https://miner.hummingbot.io/
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December 03, 2020, 12:51:08 AM
 #7

We are excited to announce a new 6-month liquidity mining campaign for Phoenix Global that will start on December 8, 2020, 12:00 am UTC. The Phoenix Global liquidity mining campaign will initially be distributing USDT rewards and will transition to the PHB token.

In this post, we are going to introduce Phoenix Global to the Hummingbot community and give both the Hummingbot and Phoenix Global communities an overview of the upcoming campaign.

About Phoenix Global
Phoenix Global (PHB) is a cryptocurrency, which has been listed on 7 markets. It operates on the Neo platform. The project comprises a blockchain explorer, an insights platform covering China's financial and capital markets, and a horizon protocol, which is a DeFi platform facilitating the creation of on-chain synthetic assets representing the real economy. More information: https://www.phoenix.global/.

Liquidity Mining Campaign for Phoenix Global Token (PHB)
Liquidity Mining allows market making to be done in a transparent and fair manner and frees the project from having to lock up funds with expensive professional market makers. Our previous liquidity mining campaigns have proven that a group of individual liquidity miners have the potential to provide liquidity to token projects as well as a professional market maker can.

Phoenix Global Liquidity Mining Campaign rewards participants for placing maker orders in PHB tokens (In some markets, it is listed as PHX), thereby contributing to order book depth. Powered by the open source Hummingot software client, a group of individual users can utilize their own cryptocurrency holdings and computing resources to provide liquidity for the PHB token. This community-based approach empowers existing PHB token holders, while at the same time allowing the Phoenix Global project to engage the broader crypto trader community.

Campaign Terms²
  • Start date: December 8, 2020 12:00am UTC
  • Total reward pool*: USD 30,000 for 24 weeks
  • Reward token: initially USDT, later transitioning to an approximately equivalent amount in PHB tokens
  • Eligible token pairs:
  • PHB/TUSD: ~USDT 830 (⅔ of the reward pool)
  • PHB/BTC: ~USDT 420 (⅓ of the reward pool)
  • Eligible orders: maker orders placed with spreads of 2% or lower
  • Exchange: binance.com

*For full terms of the campaign, please see liquidity mining campaign terms.

To learn more about liquidity mining, see below:



About Hummingbot

Hummingbot is an open source trading engine that helps you run automated, algorithmic trading strategies ("bots") that can run on centralized and decentralized exchanges. Hummingbot utilizes a modular architecture that enables exchange connectors and trading strategies to be written independently.

Important notes and disclaimers
Please review the Liquidity Mining Policy for the full disclaimer, including policies related to the use of Hummingbot.

The content of this Site does not constitute investment, financial, legal, or tax advice: none of the information contained on this Site constitutes a recommendation, solicitation, or offer to buy or sell any digital assets, securities, options, or other financial instruments or other assets, or to provide any investment advice or service.

No guarantee of profit: CoinAlpha does not claim that liquidity mining and participation in liquidity mining campaigns will be profitable, however measured, for the user. Liquidity mining yields are a measure of rewards compared to assets used for liquidity mining, excluding any gains or losses incurred from the underlying trading strategy.

Eligibility requirements: participation in liquidity mining is subject to eligibility requirements as specified in the liquidity mining policy.

Campaign terms subject to change: terms may be modified over the course of the campaign. We will announce any changes, if any, on our discord and reddit; the most up to date terms will also be posted on the liquidity mining campaign terms and the miners app.
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December 03, 2020, 06:21:19 PM
 #8

Hello ! The question is rather technical:
I installed the bot, it works great on the selected algorithm and pair. Question: how to run a second bot on the same computer (Ubuntu), but for another pair of cryptocurrencies, and perhaps an algorithm? First copy installed via docker container

Hi, apologies for the late response,  You can create multiple bots via docker, see https://docs.hummingbot.io/operation/adv-command-ref/#create-and-run-multiple-bots.

Do join our discord for 24/7365 support over here https://discord.com/invite/2MN3UWg

Thanks for the answer ! A good option - I'll try!
And a couple more questions:
- There are some "consultations" on how to improve the efficiency of a particular bot strategy
- What are your plans to support other exchanges?

.AMEPAY.
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December 07, 2020, 02:23:04 PM
 #9

on how to improve the bot particular strategy, you can go to our various sources to read up more:
Academy - https://hummingbot.io/academy/
Interviews with our top miners - https://hummingbot.io/blog/tag/interview/#tags
Discord community trader-chat - https://discord.com/invite/2MN3UWg


As for our roadmap to support other exchanges, we are running governance for the community to vote in the next exchange, for more information, see here: https://discord.com/channels/530578568154054663/537722826342400001/782333895327744081

the next 3 exchanges that are being considered are:

  • Altmarkets.io
  • Bitstamp
  • IDEX


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December 07, 2020, 02:38:03 PM
 #10

We are thrilled to announce a new 6-month liquidity mining campaign for Ava Labs’s Avalanche platform that will start on December 8, 2020, 12:00 am UTC. The Avalanche liquidity mining campaign will initially be distributing USDT rewards and will transition to the AVAX token.

In this post, we are going to introduce Avalanche to the Hummingbot community and give both the Hummingbot and Avalanche communities an overview of the upcoming campaign.

About Avalanche
Avalanche is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. It is the first smart contracts platform that confirms transactions in under one second, supports the entirety of the Ethereum development toolkit, and enables millions of independent validators to participate as full block producers.

Led by Professor Emin Gün Sirer, creator of the first coin minted through proof-of-work in 2003, and supported by pioneering researchers from Cornell University, Avalanche is built on the third major breakthrough in distributed systems, and first since the Bitcoin whitepaper in 2008.

AVAX is the native token of Avalanche. It is a hard-capped, scarce asset that is used to pay for fees, secure the network through staking, and provide a basic unit of account between the multiple subnetworks created on the Avalanche platform.

Since launching mainnet on September 21, Avalanche has over 630 full, block-producing validators participating in-network consensus, and an additional 2,500 delegators participating in staking. Collectively, they account for over $1B in AVAX staked to secure the network.

Avalanche is backed by leading investors, including Andreessen Horowitz, Initialized Capital, Galaxy Digital, Polychain Capital, Bitmain, Naval Ravikant, and Balaji Srinivasan (former CTO of Coinbase), and raised $42M in just 4.5 hrs in a public sale this July.

Liquidity Mining Campaign for Avalanche Token (AVAX)
Liquidity mining is a decentralized approach to liquidity provision, allowing anyone to participate in the market making activities previously only possible for institutional traders and hedge funds. Equipped with Hummingbot, the open-source crypto trading software, participants will be able to surpass the technical barrier, make markets, and get rewards. The rewards are calculated based on a data-driven, objective methodology that aligns the risk participants take with the reward they will get.

The Avalanche liquidity mining campaign rewards participants for placing maker orders in four eligible AVAX token pairs to increase their order book depth, a key determinant of liquidity. With a reward pool of USD 36,000, this campaign will appeal to both existing AVAX token holders in the Avalanche community and active crypto traders in the Hummingbot community.

Campaign Terms²

  • Start date: December 8, 2020 12:00am UTC
  • Total reward pool*: USD 36,000 for 24 weeks (USD 1,500/week)
  • Reward token: USDT for the first four weeks, transitioning to an approximately equivalent amount in AVAX tokens from the 5th week
  • Eligible token pairs and the reward allocation:
  • Week 1
  • AVAX/USDT: USD 600/week
  • AVAX/BTC: USD 600/week
  • AVAX/BNB: USD 300/week
  • Subsequent Weeks
  • AVAX/USDT: USD 500/week
  • AVAX/BTC: USD 500/week
  • AVAX/BNB: USD 250/week
  • AVAX/TRY: USD 250/week
  • Eligible orders: maker orders placed with spreads of 2% or lower
  • Exchange: binance.com

*For full terms of the campaign, please see liquidity mining campaign terms.

To learn more about liquidity mining, see below:



About Hummingbot

Hummingbot is an open source trading engine that helps you run automated, algorithmic trading strategies ("bots") that can run on centralized and decentralized exchanges. Hummingbot utilizes a modular architecture that enables exchange connectors and trading strategies to be written independently.

Important notes and disclaimers
Please review the Liquidity Mining Policy for the full disclaimer, including policies related to the use of Hummingbot.

The content of this Site does not constitute investment, financial, legal, or tax advice: none of the information contained on this Site constitutes a recommendation, solicitation, or offer to buy or sell any digital assets, securities, options, or other financial instruments or other assets, or to provide any investment advice or service.

No guarantee of profit: CoinAlpha does not claim that liquidity mining and participation in liquidity mining campaigns will be profitable, however measured, for the user. Liquidity mining yields are a measure of rewards compared to assets used for liquidity mining, excluding any gains or losses incurred from the underlying trading strategy.

Eligibility requirements: participation in liquidity mining is subject to eligibility requirements as specified in the liquidity mining policy.

Campaign terms subject to change: terms may be modified over the course of the campaign. We will announce any changes, if any, on our discord and reddit; the most up to date terms will also be posted on the liquidity mining campaign terms and the miners app.
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December 07, 2020, 05:17:12 PM
 #11

As practice has shown, a bot in the classical scheme (pure marketing), when the token grows (for example, XEM/ETH), mines liquidity but gives noticeable net losses in XEM, especially if you play with large bets. In a word, not everything is so simple, and you need to be very careful about this technology. My income from liquidity mining is 10 times less than losses - do not repeat my mistakes! Smiley

.AMEPAY.
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December 08, 2020, 03:09:13 AM
 #12

As practice has shown, a bot in the classical scheme (pure marketing), when the token grows (for example, XEM/ETH), mines liquidity but gives noticeable net losses in XEM, especially if you play with large bets. In a word, not everything is so simple, and you need to be very careful about this technology. My income from liquidity mining is 10 times less than losses - do not repeat my mistakes! Smiley

yes, if you run pure market making without understanding the underlying market conditions or understanding what the Hummingbot is, there will be losses. It's not a plug-and-play bot with few parameters.  Do check out the blogs, or the Discord chat of what might have went wrong with your strategy.
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December 08, 2020, 03:24:35 AM
 #13

PHB & AVAX liquidity mining campaigns are LIVE! Join NOW.

More details:
- PHB campaign: https://hummingbot.io/blog/2020-12-phoenix-global-hummingbot-liquidity-mining/
- AVAX campaign: https://hummingbot.io/blog/2020-12-ava-labs-avalanche-hummingbot-liquidity-mining/
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December 08, 2020, 03:40:21 PM
 #14

As practice has shown, a bot in the classical scheme (pure marketing), when the token grows (for example, XEM/ETH), mines liquidity but gives noticeable net losses in XEM, especially if you play with large bets. In a word, not everything is so simple, and you need to be very careful about this technology. My income from liquidity mining is 10 times less than losses - do not repeat my mistakes! Smiley

yes, if you run pure market making without understanding the underlying market conditions or understanding what the Hummingbot is, there will be losses. It's not a plug-and-play bot with few parameters.  Do check out the blogs, or the Discord chat of what might have went wrong with your strategy.

Thanks for the answer ! I will definitely approach the study of theory and strategies more seriously, but the fact is that when there was a "sideways" trend, there was income and liquidity mining, as soon as the trend changed to growth, liquidity mining remained, but a loss in the currency of the trading pair appeared, to also significant. I will go to study theory, and I wish everyone to be attentive!

.AMEPAY.
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papaghost
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December 09, 2020, 01:17:11 AM
 #15

NEM liquidity mining campaign update

Starting next week, we'll add XEM/USDT pair into liquidity mining, and will divide the total reward pool equally in 3 eligible pairs, namely XEM/BTC, XEM/ETH and XEM/USDT.

Since XEM price has increased , the current total pool value is ~US$12.6k per month
papaghost
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December 09, 2020, 01:26:54 AM
 #16

As practice has shown, a bot in the classical scheme (pure marketing), when the token grows (for example, XEM/ETH), mines liquidity but gives noticeable net losses in XEM, especially if you play with large bets. In a word, not everything is so simple, and you need to be very careful about this technology. My income from liquidity mining is 10 times less than losses - do not repeat my mistakes! Smiley

yes, if you run pure market making without understanding the underlying market conditions or understanding what the Hummingbot is, there will be losses. It's not a plug-and-play bot with few parameters.  Do check out the blogs, or the Discord chat of what might have went wrong with your strategy.

Thanks for the answer ! I will definitely approach the study of theory and strategies more seriously, but the fact is that when there was a "sideways" trend, there was income and liquidity mining, as soon as the trend changed to growth, liquidity mining remained, but a loss in the currency of the trading pair appeared, to also significant. I will go to study theory, and I wish everyone to be attentive!

We do advise using paper trading mode to understand the pair that you are trading and also tweak the Hummingbot parameters to build a strategy that is robust.

On a positive note, XEM and HARD liquidity mining have been positive for the community and we intend to post a usecase article for XEM.
DrBeer
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December 09, 2020, 06:36:10 PM
 #17

As practice has shown, a bot in the classical scheme (pure marketing), when the token grows (for example, XEM/ETH), mines liquidity but gives noticeable net losses in XEM, especially if you play with large bets. In a word, not everything is so simple, and you need to be very careful about this technology. My income from liquidity mining is 10 times less than losses - do not repeat my mistakes! Smiley

yes, if you run pure market making without understanding the underlying market conditions or understanding what the Hummingbot is, there will be losses. It's not a plug-and-play bot with few parameters.  Do check out the blogs, or the Discord chat of what might have went wrong with your strategy.

Thanks for the answer ! I will definitely approach the study of theory and strategies more seriously, but the fact is that when there was a "sideways" trend, there was income and liquidity mining, as soon as the trend changed to growth, liquidity mining remained, but a loss in the currency of the trading pair appeared, to also significant. I will go to study theory, and I wish everyone to be attentive!

We do advise using paper trading mode to understand the pair that you are trading and also tweak the Hummingbot parameters to build a strategy that is robust.

On a positive note, XEM and HARD liquidity mining have been positive for the community and we intend to post a usecase article for XEM.

Thanks for the recommendations, I'll try to put it into practice!
It would also not be superfluous to publish real cases, with an explanation of the settings, how and what they affect, and what their changes will lead to. This will allow new users to start working with the platform better, or not very successful participants like me Smiley

.AMEPAY.
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papaghost
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December 15, 2020, 02:23:12 AM
 #18

Liquidity mining campaign updates

Starting today, we've made the following changes for the liquidity mining campaigns:

- AVAX/TRY has been added. The weekly reward allocated for each of the four eligible AVAX pairs is USDT 250.
- XEM/USDT has been added. The weekly reward allocated for each of the three eligible XEM pairs is XEM 4,600.
- We've removed PHB/BTC from eligible pairs and Phoenix Global's full budget will be allocated to PHB/TUSD now

Learn more: https://docs.hummingbot.io/miner/liquidity-mining/current-rewards&terms
papaghost
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December 22, 2020, 08:42:08 AM
 #19

Update to NEM campaign: Max Spread => 1.5%

Given the tight trading on the XEM trading pairs, we are tightening the eligible max spread from 2.0% to 1.5%.

The change will be effective in the period starting on December 22, 2020 12.00am UTC.

Get ready to adjust your bots!

Read more about it here: :point_down:
https://www.reddit.com/r/Hummingbot/comments/kfxllp/update_to_nem_campaign_max_spreads_changing_to_15/
papaghost
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December 22, 2020, 08:47:11 AM
 #20

As practice has shown, a bot in the classical scheme (pure marketing), when the token grows (for example, XEM/ETH), mines liquidity but gives noticeable net losses in XEM, especially if you play with large bets. In a word, not everything is so simple, and you need to be very careful about this technology. My income from liquidity mining is 10 times less than losses - do not repeat my mistakes! Smiley

yes, if you run pure market making without understanding the underlying market conditions or understanding what the Hummingbot is, there will be losses. It's not a plug-and-play bot with few parameters.  Do check out the blogs, or the Discord chat of what might have went wrong with your strategy.

Thanks for the answer ! I will definitely approach the study of theory and strategies more seriously, but the fact is that when there was a "sideways" trend, there was income and liquidity mining, as soon as the trend changed to growth, liquidity mining remained, but a loss in the currency of the trading pair appeared, to also significant. I will go to study theory, and I wish everyone to be attentive!

We do advise using paper trading mode to understand the pair that you are trading and also tweak the Hummingbot parameters to build a strategy that is robust.

On a positive note, XEM and HARD liquidity mining have been positive for the community and we intend to post a usecase article for XEM.

Thanks for the recommendations, I'll try to put it into practice!
It would also not be superfluous to publish real cases, with an explanation of the settings, how and what they affect, and what their changes will lead to. This will allow new users to start working with the platform better, or not very successful participants like me Smiley

With liquidity mining, @nem is able to introduce the project to a broader trader community and motivate individual traders to promote its token liquidity. So far, 142 distinct individuals have participated and earned rewards as of December 15th, 2020. They accounted for as much as 11% of total XEM trading volume on Binance.

Check out our latest case study on NEM liquidity mining: https://hummingbot.io/blog/2020-12-liquidity-mining-case-study-for-nem/
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