HIP-18 [DG] Marketplace for Hummingbot Strategies (Phase 1)
Category
Dev Grants
Summary
For now, only technical guys can use Hummingbot to make markets. For this reason, Hummingbot is still very niche. To really “democratize high-frequency trading”, there needs to be a way for anybody to market make using Hummingbot with just a click of mouse.
We are planning to achieve that in two phases.
Linked HGP
N/A
Description
We are building Phezzan Protocol (http://phezzan.xyz/), the first perp DEX on zkSync 2.0 testnet. Since our DEX is an orderbook style DEX, it is very hard for retail investors to be LPs. So we figured we can use Hummingbot to run strategies for retail LPs, and retail LPs can just click a mouse and select the strategy they want to participate. Essentially, LPs put money in our vault, select a certain strategy, and our server runs the Hummingbot for them.
Anyone can upload Hummingbot strategies. Hummingbot’s upcoming bot management tool and private VM will make it a lot easier.
Our plan have 2 phases:
Phase 1 (This HIP-18):
Anyone can upload LP bot strategies to Phezzan’s backend. Retail LPs can just click a mouse and select the strategy they want to participate.
By completing Phase 1, Hummingbot’s reach will be way broadened, as now tons of retail investors can be an LP (using Hummingbot under the hood, without need to code/deploy/manage). This already democratized high-frequency trading.
Work involved in Phase 1 (This HIP-18):
Backend infra for supporting uploading LP strategies, run on VMs, etc. (20 man day) Vault smart contract logic to allow LP bot to trade with retail LP’s money, and share the profit with LP bot uploader. (10 man day)
Phase 2 (Not included in this HIP):
Abstract away the code logic so retail LP can provide liquidity to not only Phezzan, but also any other orderbook style DEXs. Essentially, this becomes a market place for hummington strategies.
Our team are confident to deliver Phase 1. Anyone interested in Phase 2 can take the existing logic and go from there.
GitHub Handle
Ethereum Wallet
0x4F787422d8db8a7619d45bCF669CafE6cc939218
Total HBOT Requested
600,000 HBOT
Estimated Dev Days
30 man days
HBOT Per Day
20,000 HBOT
Off-Chain Vote
Timeline
Aug 03, 2022Proposal created
Aug 03, 2022Proposal vote started
Aug 10, 2022Proposal vote ended
Oct 26, 2023Proposal updated