We鈥檙e teaming up with Hummingbot! 馃

To boost the trading liquidity of Divi, we鈥檙e teaming up with a market-making powerhouse, Hummingbot! Liquidity has been a focus of the team for a few months, and we鈥檙e happy to partner with the best! Hummingbot is connected to 20+ exchanges, including Coinbase, Binance, KuCoin, and Huobi.

Kyle Turnbull

May 28, 20212 min read

Divi partners with Hummingbot

Divi partners with Hummingbot

What is 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.

Why we鈥檙e using community-driven liquidity-provision

  • Liquidity: Liquidity is the speed at which an asset can be traded, without creating drastic changes in the price of that asset. Cryptocurrencies are volatile assets, and having liquidity can help create a healthier and more stable ecosystem.
  • Exposure to traders: By choosing Hummingbot, we instantly become more accessible to their community of over 12,000 traders, who will all be incentivized to participate and provide market-making to our project. The more people that know about our project, the better!

Why we chose Hummingbot?

Hummingbot has a reputation as one of the premier community-driven market-making services in the crypto-space, and they鈥檝e 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.

What does this mean for you?

This deal will excite those already interested in trading. Despite having pre-built strategies, it鈥檚 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.

What鈥檚 next?

As a part of this partnership, we will be running events and producing content. We鈥檒l 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

  1. Start date: June 1st, 2021 12:00 am UTC
  2. Total reward pool: USDT 30,000 (USDT 2,500/week)
  3. Reward token: USDT
  4. Eligible token pairs:
  5. DIVI/USDT: maker orders placed with spreads of 2% or lower
  6. Exchange: KuCoin.com

We hope you鈥檙e all as excited as we are. Stay tuned for more information!

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Kyle Turnbull

May 28, 20212 min read

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