To boost the trading liquidity of Divi, we’re teaming up with a market-making powerhouse, Hummingbot! Liquidity has been a focus of the team for a few months, and we’re happy to partner with the best! Hummingbot is connected to 20+ exchanges, including Coinbase, Binance, KuCoin, and Huobi.
May 28, 2021 · 2 min read
Divi partners with Hummingbot
Hummingbot is an open-source software enabling users to build and run automated trading strategies on both centralized exchanges and decentralized protocols. With a strong community of users, it presents a great opportunity for Divi and our community.
Hummingbot launched in 2017 as a quantitative hedge fund. Their founders have a combined 22 years of experience in investment banking and trading, (Goldman Sachs and JP Morgan) with engineering and product leadership roles at Silicon Valley companies (Apple and Nitro). For additional information, visit hummingbot.io.
In addition, Hummingbot operates Hummingbot Miner. As the leading liquidity mining platform for centralized exchanges, the miner lets users earn rewards from projects such as Algorand, Solana, Zilliqa by running market-making bots on certain trading pairs.
The concept of liquidity mining, a decentralized model for liquidity provision, was invented by Hummingbot in their 2019 whitepaper.
Hummingbot has a reputation as one of the premier community-driven market-making services in the crypto-space, and they’ve worked with some of the biggest projects around. Hummingbot has a strong commitment to community, which resonates with us. They also provide decentralized and open-source strategies for users. This contribution is incredibly important and opens a world of trading and market-making opportunities to users.
This deal will excite those already interested in trading. Despite having pre-built strategies, it’s still technical in nature. If you are interested in market-making, this partnership gives you a chance to support the Divi ecosystem, and earn at the same time. For Divi users, this partnership represents the beginning of our push to create solid and healthy liquidity for our coin.
As a part of this partnership, we will be running events and producing content. We’ll be getting Divi out there, in front of the Hummingbot community. We will also be launching our first community-driven liquidity mining campaign!
Introducing the Divi Liquidity Mining Campaign
We hope you’re all as excited as we are. Stay tuned for more information!
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May 28, 2021 · 2 min read