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title author company_name category focus_area open_source amount_requested status
Humble.sh Hummingbot connector
Martin Sigwald (@tinchosig)
CoinAlpha
Tools
Dex
true
320000
Final

Abstract

Build a Humble.sh connector for the open source Hummingbot market making bot and maintain the connector for the first 6 months

Team

CoinAlpha is the original creator of the Hummingbot client, the most widely used open source market making and arbitrage bot.

Experience with Algorand

CoinAlpha has recently built a Hummingbot connector for Tinyman, and Algorand based DEX.

Roadmap

A detailed plan for the development and implementation of the proposal, including timelines. Use subtitles as shown below:

Step 1

Date: 4 weeks upon approval of the grant Description: Delivery of the connector code to the Hummingbot Foundation

Step 2

Date: max 60 days since delivery of the code Description: CoinAlpha will provide the necessary votes to get the connector merged into the next production releasele(determined by the Humminngbot Foundation)

Benefits for the community

The Hummingbot open source community generates over 100MM of daily traded volume accross all supported exchanges. The connector will allow Humble to tap into this community of traders and small market makers, helping it expand its user base and grow their trading volume. Addittionally, since many community participants specialize in arbitrage, this will also help them align prices. All of these, in turn, benefits the overall Algorand community, by helping drive adoption and transactions onchain.

Additional information

You can find more info on CoinAlpha and Hummingbot at coinalpha.com and hummingbot.org