Hummingbot Connector Project

Username

Pecunia.Finance

Grant Description

To develop a connector and possibly also a trading strategy for use with Hummingbot OSS high-frequency trading bot and Synthetix perps markets.

Overview

A Hummingbot Connector is a collection of endpoints, gateway routes, and other elements needed for the Hummingbot Client to connect to, and interact with, a desired cryptocurrency exchange. The connector allows users to run arbitrage strategies on an exchange by simply adding a CLI argument consisting of the exchange name within the run command of the Hummingbot Client.

Value to Synthetix

The benefits for an exchange which has a connector in Hummingbot are 1) Integration with Hummingbot enables algo-traders to deploy high-frequency trading strategies between the exchange and other markets supported by Hummingbot (both DEXs and CEXs). 2) Existing Hummingbot community can be attracted to the exchange to perform algorithmic trading or manual engagement. 3) Since release in April 2019, Hummingbot has enabled 3,200+ individual market makers to fill $2.4 billion in trading volume - an average of $12.3 million in daily volume, for 72+ token issuers and exchanges, achieving 100M+ in average 24h volume, with 13+ trading strategies, and a growing user base (1M+ downloads) providing liquidity between different exchanges like Ascendex, Binance, Gate.io, and KuCoin. Kwenta could be on that list.

Project Implementation Plan

We have a highly detailed project roadmap, milestone descriptions, budget, FAQ, and other information in documents which do not lend themselves to 'copy paste'. Unfortunately the application form does not include a document upload option. Please provide us with an address to provide the full proposal details. You can find more about our previous connector and gateway development for Hummingbot here: https://docs.pecuniafinance.com/docs/projects/completed-projects/nexum/cosmos-interface

Additional Information

Given requirements are met, Pecunia.Finance can offer the following for exchanges seeking a Hummingbot connector:

• Development of the Connector.
• Testing of available strategies.
  • [Development of custom strategy - parallel project with new budget]
• Campaigning for Connector and Pull Requests in Hummingbot community to secure merging of connector to Hummingbot core.
• Monthly campaign for connector in Hummingbot community to ensure connector is not removed from Hummingbot core, for 12 months.
• Small bug fixes or changes necessary to keep connector from breaking, for 12 months.
• Availability for development of upgrades or large changes at cost, for 12 months.
• Documentation and detailed instructions.

Funding Request

We are seeking $48,900 for 3 Milestones covering Core Development, Testing, and Merging. Included in the cost is the campaigning needed to merge and stay merged with the Hummingbot codebase. A detailed budget with granular costs can be found in a separate document we would like to deliver. Please contact us at pecuniafinancedao@protonmail.com