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Pull Request ProposalsPull Request Proposalsby0xA1234f68b0d3493d875695a000D526621834cD040xA123…cD04

feat/woo-x_connector

Voting ended over 2 years agoSucceeded

Hi all,

I'd like to present a pull request proposal for an integration with WOO X: https://woo.org

Launched in 2019, WOO X is a trading platform featuring deep liquidity, low trading costs and powerful tools & analytics. Some of you may also know us from our decentralized swap product WOOFi, which is one of the most-used cross-chain swaps with over half a million unique monthly active wallets (source: DappRadar). We build all our products with the goal of providing the best execution to traders, while also competing on things like user experience and integrity, something that should be attractive to Hummingbot users.

Having just completed a revamp to to our fee structure and business model, we aim to diversify our liquidity sources so as to reduce counterparty risk concentration and improve our custody ratio. We think that Hummingbot is a best-in-class algo trading framework, and that an integration will help onboarding market makers to the platform and in the process help drive each other’s growth!

For a high level overview on our business model and growth path ahead, please see https://woo.org/blog/en/revamping-woo-x-business-model-to-enable-higher-growth-trajectory

A thorough third-party risk overview of WOO X is available at https://medium.com/@cryptocreddy/technicalroundup-woo-x-deep-dive-60fc3b3905e9, it elaborates on our current liquidity provision model and delves deeper on our business practices.

We also have a real-time transparency dashboard available for anyone to review our reserves: https://woo.org/blog/en/woo-x-transparency-dashboard-making-crypto-exchanges-more-trusted-than-tradfi

The Hummingbot connector is available for review at https://github.com/hummingbot/hummingbot/pull/6380 alongside information regarding implementation details.

There’s an open Discord thread in Hummingbot’s Discord at https://discord.com/channels/530578568154054663/1123301727559483432 as well - for any questions or concerns, would be happy to chat over there!

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Timeline

Jul 03, 2023Proposal created
Jul 03, 2023Proposal vote started
Jul 10, 2023Proposal vote ended
Oct 26, 2023Proposal updated