Students in this cohort built some truly innovative strategies, including an automated
@orca_so
CLMM rebalancing strategy and a strategy using a custom indicator created using principal component analysis. Check out the demos!
In 2008, I felt lost. I was laid off from a job that had vanished along with the financial crisis.
In 2020, I feel a sense of purpose. I'm my own boss, working on something meaningful. Nothing can stop me.
But it took 12 years of hard work to get there.
"Spiritually fit means I remember that I'm not this crazy pinball machine in my mind churning out new ideas about how I can do life more perfectly so that everybody will think more highly of me." Beautiful β€οΈ
@ANNELAMOTT
1. Since certain news stories related to the SEC settlement and cease-and-desist order with CoinAlpha Advisors LLC contain errors, I wanted to post the facts to dispel any confusion.
We're incredibly excited to announce Liquidity Mining πβοΈ: a digital marketplace for liquidity that finally provides an alternative to hiring market makers.
Our 8 launch partners will launch
#liquiditymining
campaigns that reward anyone for running
@hummingbot_io
1/
I worked as a CDO structurer during 2008, so I have some firsthand experience with financial crises.
Rule
#1
: things get a lot worse before they really get better. Beware the dead cat bounce.
Me using a computer, circa 1989.
Despite earning less than $20k combined per year, my parents bought a personal computer in the late 80's, for me.
It's made all the difference in my life. Thanks Mom and Dad.
π
@_hummingbot
Roadmap Update! π§΅
Five months into 2024, we've already shipped most of the key items from the technical roadmap we published in Jan. Hereβs a summary of what weβve shipped and whatβs on the horizon: ππ οΈ [1/15]
For this week's video drop,
@garrytan
sits down with
@fengtality
to discuss how
@hummingbot_io
's open source software is opening the door for anyone to participate in DeFi, changing the game for the future of Wall St. Check it out:
With this first newsletter post, I am officially handing over the
@hummingbot_io
CEO reins to my friend, co-founder & COO
@carlol12
My new job will be evangelist/explainer/researcher - LT goal is to become the
@VitalikButerin
of the Hummingbot ecosystem
One billion. Thank you to the 1,780 individual market makers in our community behind this, along with the dozens of
@hummingbot_io
team members who built and maintained a system capable of tracking and verifying all of their orders across multiple exchanges in real time.
@garrytan
@evan_van_ness
We recently moved our blog from
@Medium
to our own Gatsby static site. Better SEO, more control, plus lead generation. Haven't looked back...
Weβre excited to share that dYdX spot trading is now live on
@hummingbot_io
! We are working towards building further integrations in the future and hope to have more to share in the coming months.
If you own a cToken for a year and sell it, would the gains be considered LT cap gains from a tax standpoint? If so, the tax advantages make it MUCH better than any interest-bearing money market account out there.
@rleshner
Markouts are a useless metric for (most) market makers. Here's why:
As a MM, your source of profits are fees, points and other rewards that accrue based on position duration, while your main risks are 1) impermanent loss due to price moving outside your LP range or order grid 2)
@jillruthcarlson
I think this is a feature, not a bug. New Wall Street traders have to know how repos, swaptions, CDS, etc works.
DeFi is just next-gen high finance.
We partnered with
@Initialized
because they share our belief that open source software will unlock the future of finance. This new capital will allow us to better serve all the exchanges, token issuers, market makers, and individuals who use Hummingbot!
This post by
@MarkBestForex
explains why you should build market making bots using
@_hummingbot
instead of from scratch. The client manages local vs exchange order state, while widespread community usage roots out exchange-specific issues.
How did
@AlamedaResearch
go from making billions in profits to losing it all?
And why couldn't
@SBF_FTX
just let Alameda die after the LUNA crash? Why did he have to risk everything?
There's a massive Ethereum project that no one is talking about.
It has more 2.4m ETH locked up (more than Maker/DAI) and thousands of transactions per day.
No VCs are clamoring to invest in it.
This is real
#DeFi
:
@lawmaster
@SBF_FTX
@solana
the exact same thing happens to centralized exchanges during high-vol periods, but since it's not on the chain, people attribute it to malice.
In Minneapolis, 80% of rapes and 45% of murders are unsolved. 1700 rape kits went untested for 30 years. Officers murder black people with impunity.
Why isn't defunding this failing institution a mainstream position?
#DefundThePolice
WOW. Saying efforts at βincremental reform have failed,β a veto-proof majority of the Minneapolis City Council announce their commitment to βdisbandingβ the cityβs Police Department and relying much more on social workers/non-police first responders.
π’ We're excited to have
@vegaprotocol
's CEO
@barnabee
at our Monthly Community Call tomorrow, sharing exciting updates with you!
ποΈ Agenda:
- Vega sponsorship announcement
- v1.22 Release Highlights
- Launch of V2 Strategies docs and Academy
Join us on Discord:
celebrating
@hummingbot_io
's big day with
#tgi
dreamers
@Johngalt9999
@fengtality
and ONE team
by deep diving into liquidity for cross-chain aggregator api, culture dao for moment nft, ...
then playing 4-on-4 basketball and soccer after almost 18 months
The interesting thing about
#DeFi
is that it seems scary, but once you try it out, it's actually pretty easy.
@coinbase
@earndotcom
might be on to something here.
CDP creation is SURGING as a result of the recent
@Coinbase
tutorial on generating $DAI with
@MakerDAO
, up +860% in July month over month.
Over 650 CDPs created in the last 1.5 hours! π±πͺ
Shout out to
@avax
for organizing a laid-back and highly technical summit in Barcelona!
I had a great time meeting old friends from the
@_hummingbot
community, existing partners like
@dexalotcom
, and all the folks building on Avalanche!
π― "When I left China for the US, the decision was personal. It was not Beijingβs loss or Washingtonβs gain. To say so is to suggest that either government is entitled to my presence and my labor."
DOJ just ended the China Initiative for "broader approach" to counter threats incl foreign exploitation of US science. I write
@WIRED
why fixation on borders & national interest obscures fundamental ethical concerns & incurs much more profound loss on all:
The
@hummingbot_io
team came together because of
@StartX
: our team includes 3 founders from 3 separate StartX companies.
Congrats on the past 10 years of success, and we're eager to support the next 10!
With 0% maker fees in the
MOTHER-USDT
@MEXC_Official
pair, this is a good market in which to perform QA on the new market making strategies and real-time performance reporting in
@_hummingbot
2.0, which will be in the next release!
Hot take:
ETC 51% attack will popularize these types of attacks.
Smaller PoS chains can easily be attacked, too.
Primary target of all 51% attacks are exchanges, so they will start delisting these coins.
Tokens created on platforms like Eth are safe and will become a norm.
Since no one really knows the true odds and everyone is looking at
@Polymarket
for guidance, what prevents a motivated market maker from skewing this price to influence public opinion?
6 years ago, the SEC filed an enforcement action against
@coinalpha_inc
for creating the first on-chain hedge fund bc of "general solicitation" i.e. posting code on GitHub and having a contact form on our website (all investors were accredited)
We were forced to settle and close
Major victory against administrative overreach in SEC v. Jarkesy today π₯
SCOTUS holds that the SEC violated the Seventh Amendment right to a jury trial by using in-house hearings to seek civil penalties.
The first of many blows SCOTUS will deliver to the SEC in coming years π
EIP-1559 is one of Ethereum's most anticipated changes. If implemented, it would have far-reaching consequences for users, miners, and even the security of Ethereum itself.
A comprehensive analysis from
@gakonst
and me for
@DeribitInsights
is out now.
sometimes i have to remind myself that i've already accomplished almost everything that i really wanted when i was a kid.
taking a breath and being grateful, before getting back to work.
Crypto folks are intimately familiar with
@WeWork
's riches-to-rags story: it's basically a shitcoin that VCs pumped in hopes of dumping it onto the masses, but instead got rekt by public markets and are left holding heavy bags ποΈ
The holidays are a tough time of year for lots of people out there.
I'm grateful that my family doesn't have too much financial anxiety now, but I still remember all those times during my childhood when my parents stayed up all night writing cover letters.
@2irl4u
Let's pour one out for the corpses of social + trading startups first:
- StockTwits
- Covestor
- Zecco
- KaChing (now Wealthfront)
- Wikinvest (now SigFig)
Interesting options primitive using ETH powers and cleaner funding mechanism. Looking fwd to seeing whether this competes vs existing perp markets or if its a complement
Squeeth is a powerful new derivative invented by
@opyn_
that tracks the price of ETHΒ²
We simulated returns from holding Squeeth from Nov 2020 - Nov 2021 with a constant funding rate. Over that period, the price of ETH ~10x, while a long Squeeth position ~50x
Squeeth mechanismπ§΅
Want to hack at
@ETHportland
?
@DystopiaLabs
will be sponsoring 10 devs: βοΈ flight & π housing included.
Slide into our DM's for consideration π₯·
Pumped to partner with
@cryptocom
! Steady retail flow from credit card users is exactly what MMs love (see
@RobinhoodApp
) so it should be a great venue for
@hummingbot_io
users to provide liquidity!
I'm super excited to be working with
@fcmartinelli
and the
@BalancerLabs
team. This new connector has been the culmination of months of work between our 2 teams, and we look fwd to seeing all the cool strats that our communities can build on top of it!
We're excited to announce a new partnership with
@BalancerLabs
to allow users to arbitrage price differences between Balancer and other exchanges!π€
The Balancer connector along with a new amm-arb strategy is now available in v0.33.0.
Learn moreπ
whitepaper () to testnet in 3 months.
@hummingbot
data infra: we collect order book data from many sources in parallel, de-dupe, verify vs separate exchange order book feed, serialize, aggregate, filter for eligibility, ...
"On average, each person performed 1,429 trades and generated $41,000 of filled order volume during the month."
While it's early, we're super excited about this data bc it shows that
@hummingbot_io
gives algo trading superpowers to everyone.
It's been one month since we launched $ONE Makers with
@harmonyprotocol
π. Thanks to everyone who signed up, ran market making bots for $ONE and spread the word about the programπ! Here's the July recap, leaderboard & August reward scheduleπ
@dareal_sisyphe
Thanks for open sourcing this and the detailed explanation in the README. Interested in incorporating this into
@hummingbot_io
and letting our 15k+ quant traders use it?
@toghrulmaharram
I read this thread like 3x and still don't understand what you're talking about. Suggestion: get off CT and write a detailed post with diagrams.
Today,
@hummingbot_io
and
@CeloOrg
are proud to announce a new strategy in the next Hummingbot release: celo-arb
It allows anyone with cGLD or cUSD to earn arbitrage profits while contributing to the stability of the Celo protocol.
On a
#DeFi
panel at Shanghai Blockchain Week, our moderator
@tzhen
asked "Why is the face of
#DeFi
a frat boy from Mountain View?"
As someone who fits that description (but also born in Shanghai), I feel obliged to share what I learned about the China
#DeFi
scene last week: 1/n
The ridiculous fees charged by NYSE simply for market data and API access are a classic example of oligopoly pricing power.
In a free market (i.e. crypto exchanges), competition makes market data and API access free.
Source: