Hummingbot Community, 7 Sep 2022

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From YouTube: Hummingbot.org Community Call #8 | September 2022

Description

Monthly Community Call Agenda:

Links mentioned:

A

And I'll I might just.

A

uh Welcome everyone uh to the september community call for homebot. uh We are uh live streaming on youtube uh as well as posting. The audio call on our community called channel on discord, so uh just a as a as an intro uh humbling bot is uh an open source framework that helps people build market making and arbitrage bots.

A

uh It's a and we have a monthly community call, because our goal is to build a community of developers and traders all around the world uh that are using uh the humboldt software to build whatever they want uh any type of bot, um especially market making arbitrage across any single crypto exchange. Though centralized uh we do a monthly community call as um we now now that uh we're a token foundation.

A

um Our goal is to allow anyone who has the h5 token to basically decide how the human body foundation operates and allow them to steer the direction of the human body codebase.

A

So there's a few initiatives that I wanted to discuss today uh in terms of like that, we started recently in order to make the process more efficient, so one of them is the exchange certification process.

A

um There's a I'll put a link into the community chat channel and basically this process is designed so that the foundation can focus on supporting the top exchanges in the code base and help them make sure that the technical integrations are working properly, that we are working with those exchanges in order to you know basically make sure that their promotions and other partnerships they're doing community are relayed to you guys um and we're going to be creating bounties that basically incentivize the community to fix bugs and to improve uh these.

A

These exchange integrations so and the reason we're doing this is because now hummingbike currently supports. um I think something like 40 exchanges, ready, uh 30 potential exchanges, and you know more than 10 decentralized genes, uh and um you know in general, I think you know the number of exchange crypto keeps on growing, so in order for us to actually make sure that each connector is high quality uh and bug free everything takes a bit of work uh and so what's happening.

A

What we've observed in the last you know a couple of years is the more exchanges are added base, the more difficult. It is to make sure that you know each one is: is working properly in bug, free because we're consistently upgrading hummingbot to add support new features, support uh things like you know like uh like different trading types um and and also improving.

B

A

The latency and the the architecture of connectors, and so um and in addition, the exchanges also are constantly upgrading their apis and adding new trade types. So that's why there's a there's? An ongoing maintenance, that's required uh to make sure that these connects work properly and um and be frank, we've seen overall kind of you know: quality drop as we're, adding more and more exchanges.

A

Therefore, we start this process so that um the community can decide which exchanges uh the foundation focuses on every six months and then we are going to take those exchanges um and then and then we will focus our efforts on those so um the for exchange to be eligible for this process.

A

They should have some uh a a fee share partnership with the foundation, so um in the first epoch and the second part when we first started this process, uh we have eight exchanges that have valid fisher agreements uh and actually all eight were selected to be certified.

A

um We're currently going to add a couple more partnerships uh with new exchanges in the next um four months, uh where uh we just added uh the bitmex connector we're discussing a partnership with bitmex, and I think we're also uh talking to uh wazer, x and um and um and uh as well so so the number of exchange partnerships should grow but of those exchange partners. um I think you know.

A

Even then the community will select um every six months so so now that we have this process, uh what we've started to do is really focus on solving bugs for these certified screens. So that's why we've also created um the bug bounty process uh that um that that we have uh also so the bug bouncing process is really designed to allow the community to earn each spot tokens for fixing bugs on on um on both certified exchanges and the core components of homebot.

A

This is a process we only started a few weeks ago, um but overall, we're really excited about how much attraction uh we've already had so um the board the the boundaries board is the main source of truth bounties. I just posted a link in the chat channel uh so about three weeks ago. We started adding bugs to this board. um I think we added about 10 to 20.

A

um and we've already had about seven or eight community members uh be assigned uh and who are you know in the process of fixing and earning a spot for fixing those bugs? So we've already uh had four bugs that were, um you know, were fixed by community members uh and we we paid uh the h-bot bounties out to them uh yesterday uh and then we also have another five submissions that we are currently of reviewing um and another four that have been signed that developers are working on.

A

So, given that we only started this process a few weeks ago, the fact that we've already we already have something like 13 ongoing. You know five, you know finnish bounties and another eight ongoing bounties by community members. I think it's a sign that um that we're onto something here that uh this kind of like community driven bug you know fixing process is, uh is something that we can. You know, expand and and continue to operate, uh because um you know each bug takes time to investigate and fix, and so um you know it's impossible. Given.

B

The number of exchanges.

A

And the number of strategies have one single organization you know take on all.

A

So I think this is a good example of like why we're doing this foundation to try to create a decentralized community of you know, developers around the world who are looking at different exchanges, fixing bugs uh and improving the overall quality of so um there's uh the process.

A

We have written down the process um in the in our documentation. um So the I'll add that well, uh but uh this is something that, if you're interested in you know like uh basically, you know in in helping improve playing bot um if you're interested in uh earning tokens. uh I think this is a really good way to um help us earn tokens and also expand your knowledge of the human body codebase in trading um in the future. We also intend to like decentralize the review and testing process of this part.

A

So currently, the way it works is that developers are assigned. You know the boundaries are created by the foundation um developers. You know indicate on the github issue. If they want to work on that fix, then the foundation assigns developer and the developer submits the request afterwards uh and is reviewed by foundation engineers tested by foundation, qa and then version uh in the future.

A

um We also are going to involve community in the review and testing of these fixes as well also uh compensated by hbot tokens, um and so uh and that's, I think it's an opportunity for folks who are not developers.

A

And help us test and review uh so so currently, you know, I think, we're going to add more bugs to this board, uh and so hopefully you know we'll be able to tell you guys every single month how many bugs we fixed uh and- um and you know like how many down.

A

um This message process is explained in our documentation, so I just posted uh that documentation, page.

A

uh uh Before we move on, um if there's any questions about the certification process or the bug bounty process, please uh raise your hand or post your question in the community call chat.

A

um Okay and then, and then uh yeah, so so um so those are the kind of like the that's really, the the the the bounty process exchange certification process explained today um and and so, and the the the the other thing we started recently that we're very excited about is uh is blockchain bot camp is a new developer boot camp that we are starting to teach people uh how to build their own high frequency trading strategies and market making strategies using coming.

A

um So this is something that I think we've observed is probably the the biggest need in the community, which is allowing people to really not just use the off-the-shelf strategies that have a lot of chips with, but to customize them and to teach them both the technical side and the the financial trading theory side of market making.

A

So um so, currently it's uh this boot camp is free uh in the very beginning. In the future we do intend on charging for it, uh but basically what it is is a one month boot camp where you will participate in live sessions, uh learn how how to create this component called scripts and then, um in order to finish the boot camp and get the certification uh and kind of be eligible for the h spot rewards we're giving out the participants.

A

uh You have to basically submit a working example of your of your script, uh so each person uh we have a, we have a page where uh we listed a bunch of ideas for scripts or users can add their own ideas um and then, during that one month, boot camp, um the foundation, staff and a set of community mentors uh will help. Members of the bot camp boot camp basically write and finish their scripts. So um you know, for instance, in the first uh in the first session, we're doing the first batch.

A

uh You know: we've had users, um you know, create different, basically different strategies as scripts. uh They have their own ideas for different trading, algorithms and techniques they want to implement, uh and so uh you know, the boot camp staff are.

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Them basically put together.

A

So the the goal of bot camp is is really twofold. The first is to um teach people and basically teach them how to become a market maker or an hfp creator, um certify them uh and allow them to increase their skills and and potentially get a job at a hedge fund or trading firm or improve their own personal grade.

A

In addition, the submissions that users submit the scripts they submit will become the top ones will become part of the open source code base. You know as voted on by the the uh reviewers and mentors uh and um every submission you know will become kind of like it will be available as well.

A

So what we're trying to do with uh bootcamp as well is to create a repository of all the scripts that people have submitted uh and create more examples that allow anyone coming back, regardless of whether you pin it back or not, in order to see lots of different examples of scripts created, and then you can take those use them yourself and uh or expand, because what we've learned over the past couple of years is that the folks who've had the most success are the ones who are not just you know not running off the shelf strategies, but instead they're, you know added their own.

A

Their own kind of you know customizations uh their own logic and kind of building like strategies that reflect. You know what they're trying to do, instead of just kind of running off the show. So that's why um we believe that, if we, you know, create an initiative that focuses on teaching people how to get the most out of bot um from a trading perspective as well as from a developer, then it will empower them to do more with homebot, while also creating more for everyone.

A

So um so the bot camp uh is probably uh you know. uh We believe that bot camp will eventually, uh you know, become the main activity of hungary foundation uh and so uh right now we're just starting with one batch. You know one batch every one to two months, uh only one course, but we intend on expanding that uh if it becomes successful into like multiple batches per month with multiple courses that focus on different aspects of market making. uh You know developing developing descriptive strategies uh and other aspects of using.

A

um So so I know a lot of you guys are probably in the first fashion bot cam. So uh you know we tend to see our like a long-time key members of these polls. uh You know but but however, I think you know for everyone listening on youtube, uh and you know this. This will be reported. I want to just explain how buck camp works and why we're doing it.

A

uh Any questions about ball camp, I see, uh see, there's um uh yes, so I think there's one question uh from uh about what data is needed in these fields. uh So, uh basically the the fields are discord handle uh a if address and the github handle, so the discord handle is basically uh in if yeah and the reason we required this one handle this. One is basically your name with the the four numbers after it. uh So, for instance, mine uh is its mentality uh and my discord number is uh 8283.

A

uh So let me example: uh here's my discord, handle I'll. Just have the chat, melody, uh eight, two three um uh and then, and then it's the public email address. So this is this is basically your wallet address. So, for instance, let's say you have like a random. You know address out there like, like zero x. You know abc uh uh df, that uh and then finding your github handle is basically uh and the reason we do. This is because you'll be using your github.

A

You you'll be submitting your submissions using github, because everything is um you know so the github handle is basically, uh if you sign up for github you'll, have it's basically your github profile.

A

So, for instance, you know here's my github handle uh it's like this, so so the reason we asked for these things is because um these are kind of how we communicate with persons blocking uh this discord channel, which uh everyone in the blockham batch we'll use, coordinate. uh We um we will, you know if you pass botcam, we will send an nfp certification as well as hbo rewards your public eve address and you will need github in order to submit your your script uh and have it reviewed by our team. So that's.

A

Why that's why we asked for these three sets information.

A

um So um yeah, if anyone else has questions of bot camp, please uh list it in the chat and.

B

Yeah we'll try to answer.

A

A

Okay, um if there are any more questions about podcamp, um let me move on to the the last phase of the of the community call, which is an update on the ongoing kind of like improvement, bounties and uh and governance processes uh that that we've been working on on the foundation, so um so the yeah. Let's give a recap of the first. You know like eight months of the foundation.

A

Initially, we were really focused on allowing the community to propose anything. They want. um You know and not really giving much guidance and trying to you know approve. um You know, basically for the ones the proposals that were approved. uh We try to work with the submitter to make sure that their submission is reviewed, is working properly uh and getting that merged uh into the uh bits. So so I think we've learned a lot about what works and what doesn't work um throughout the process.

A

um I think the one thing we've realized is that, unfortunately, in a very open-ended process doesn't work very well, because what we've ended up with is about uh there's, probably about 15, to 20 ongoing bounties. These are all the the ones that were in the improvement proposals uh section in.

B

A

In in the board, so so, basically we have things like you know: different external visualization tools, uh connectors for various exchanges um and- and you know like connectors for, like you know, especially the gateway both on the gateway side and the non-gateway side.

A

So there's a lot of like ongoing projects, they're all kind of different they're ongoing right now and- and to be honest, I think um I was uh it's a lot of work for the foundation to maintain uh and like manage all these ongoing projects, and it's also unclear exactly how they're all all aligned to the future direction of playing and how it really helps everyone um in the community.

A

So so I think that you know we'll still we'll still work actively with any approved hivs. However, I think um I think to make the process kind of better for everyone. um We think it's better to focus on a few larger projects uh and work with community members to make sure that these larger projects, actually you know, gonna, get done and help everyone, rather than you know, have a more open-ended process where we focus on lots of smaller.

A

So that's what we sort of do is uh which we're going to try to close out all the existing uh improvements proposals that are currently standing, we'll publish a list of all them in the next few weeks and make that available. So everyone in the community can see the status of these improvement bounties, but going forward, we intend to focus on a few larger items. So the large kind of like improvements that we're currently working on are the ones listed in the agenda.

A

So um the there are really about three there's three larger ones to work on. The first is the uh the solana integration for gateway.

A

So solana is a um you know, it's a probably one of the largest non-ethereum blockchains and because it's a completely different architecture from ethereum uh and um the underlying language is russ, as opposed to solidity or javascript. um The there's a lot of technical challenges with adding integrations for solana. um In addition, solana, is also an order book uh focus uh deck so that the serum serum is kind of like more compatible with this. You know that the order book is changing rather than the a m exchange.

A

So, um but we believe that adding solana is going to open up a lot of different opportunities for the community, uh because you know you can do arbitrage and market making between salon, exchanges and regular exchanges and um because of solana's, speed uh and focus on like high high frequency trading applications.

A

um There's been a lot of uh like exchanges, uh you know in other financial applications on the salon, so we believe that uh in the long run, having solana uh connectivity uh is is really important for uh for successful gateway and we're coming back in general. So there's a team from the uh the salon ecosystem. That's been been working on this integration for a while and um they've just finished phase one so phase.

A

One is adding support for solana into hummingbot and adding support for serum the main um order book, dexa solana into uh so that pr was merged in um I think last week and we've paid the bounty associated with it, which is hiv um hip. uh Five. Sorry, hiv free. So um it was a lot of work, uh and I I want to thank uh you know that uh mike or dipfit and uh and danilo for all the work.

A

However, this is this is just phase one for the solana integration, because right now, even though the underlying kind of you know the code, the base architecture has been added, um it still isn't hooked up yet to coming by strategies um and- and it's not working properly quite yet and there's a couple reasons for that, one of which is that um gateway currently does not support websocket.

A

So, therefore, um the uh the devs who built this integration are kind of kind of you know they can't use the order book tracker and the user stream tracker parts of coming by that the normal central exchanges do because they don't data.

A

um So so that's why? For for phase two, basically we're going to break up the rest of the working two phases uh so phase one is already complete. um Phase two uh is: is going to be just kind of just getting the existing functionality to work uh and have a you know, a demo market making strategy or script.

A

That shows how people can buy liquidity or basically do some type of market making um on the crm exchange phase three is adding websocket support for gateway uh and then and actually hooking up um the the solana based exchanges to and using the rest of coinbot and in order to the solana. Texas can actually be treated just like any other central exchange, but because that requires websocket support gateway. um You know we're gonna, like you know, make sure that that's available first before these guys move on and do so so just recap.

A

uh The next step for solana, the solana um you know improving bounty is for the the dev team to um in phase two just add basic support for what they've done already uh and then in phase three uh it would be to. You know um basically make the serum uh the dex matter a full little a full like uh connector, just like any other sex connector in homebot, so that any strategy or script.

A

uh Okay, any questions about solana salon integration before we move on to the other larger projects that we've booked.

A

All right, um okay, so let's move on and talk about uh the other two larger initiatives that we're uh you know promoting the the first one is the orchestration module project, so orchestration of what we mean by that is ability to run multiple bots and to kind of configure uh start and stop those those bots um kind of from a some type of like central.

A

You know control point, so this is a pretty big project, because um it's really it's you know: we've had a lot of people who asked for this um and and uh there's a lot of like underlying changes that are needed, uh support this so um we've, uh and so we've talked about this. A lot in past developer calls on a weekly basis and so um well.

A

We've recently uh created the proposal for it that allocates budget uh a total of two million hp tokens for two committee members, one named the holy roger who has submitted a remote command execution module uh uh pr and another community member named um klp nagi.

A

uh That's how to pronounce that uh and he's created a kind of a broker system using um using the mktp standard that allows him to kind of control, multiple hummingbikes from a single single interface, so uh they're planning to work together to create basically this orchestration module in two phases um and there's a the proposal has been created yesterday.

A

So I'll paste that in the comment chat now, uh but it's open for voting uh for the next uh seven days and if it's approved then um then, then these two dabs will basically start the work uh and hopefully deliver it in the next one.

A

So this one is, I think it's a very important like initiative, because we do see a lot of professional users, exchanges, token projects makers and so a lot of them are trying to run 50 to 100 bucks. And so we know by now like that experience is you know it's really hard to manage, because you'll you're having to update and start and stop each spot manually, whereas this orchestration module will allow people to control.

A

You know basically any number of bots from a single interface as well, as um you know, use that same architecture to send signals in from trading view, uh and so the boss can respond to trading view events. um So the I think that this orchestration project will increase the power and scale up quite a lot, which is why uh you know we're gonna really help these people.

A

um So so yeah those are the questions and then finally, the third one which is uh still starting up is the indicators um module that we're starting, uh so that one is actually going to be led by our um our engineer, fede. So maybe fede. If you can give the community some update on you know where that project is and um kind of like and the types of developers that you think would be good work on that project.

B

Okay, well, hello, everyone for the ones that were new in the call. um The idea of this project is to provide ohlc's to the client, so these hlcs can be multiple to ovhlcs from time from volume.

B

Well, there will be like different kinds of bars that we can construct and use in the client, and I will be leading this project, and now you see if anyone in the community wants to join, they can present or say that to us, maybe in the indicators channel and the kind of experience that we are going to request from them will be that they can.

B

They know how to code async by amazing methods or is acing code, because so this module will be async and it's a big blocker. If you don't know how to do it, uh just to make it faster and and do the work, um then it won't have so much complexity just how to handle different process different tasks. At the same time, that will be the only the only requirement, probably in the team, that we are going to develop this module. We will need like two persons or three persons.

B

So if anyone wants to be part of it, just mention it or tag me in the indicators channel um well then we are going depends on the quantity of the other person that wants to work on that.

B

We are going to to add you so right now I started the project creating the the basic classes, the basic data structures that we are going to need. um Well, for now it's not. There is no more developer, no more development.

B

The other thing is that mike hosted the the prd there in the house section. You will find like the modules that this solution will have. We we are going to provide a module to collect information from the exchanges, we're going to collect the historical traits and save them, so that information will be useful there and then to use to to use it as you want, then, after that movie will collect all the traits storing, pickles or csv there.

B

Well, then, we're going to define that and also we are going to have a module that will be streaming via websockets, the new traits. So with that information we can construct any quant any candle that we want and serve multiple bots with that information.

B

So probably we're going to offer the two solutions.

B

One of one of them will be like creating this micro service as a standalone component and just send information to to the bots, and the other solution will be having these indicators attached to the bot directly and let the bot access the indicators.

B

The the solution of the microservice is like the best one in terms of scalability, because you can have you can have just one instance that is like in charge of of receiving the trades, creating the hlc's collecting information with all the things that you have to do, and then these a bot or the module will send the information process it to the bots. So, in terms of scalability is much more better to have an architecture like that using just a microservice.

B

Well, I think that's all, for I don't know if anyone has a question about it,.

B

B

Can you hear me or I am disconnected.

A

B

Sorry, I think I thought that.

A

Yeah yeah yeah we're gonna use, so, yes, it seems like uh yeah. I think that um yeah, I think, there's no questions. uh We can probably end the call early today um seems like uh yeah. I think I think that uh additional questions I think, there's pretty much it for this month's fall um next month. uh We're really just focused on expanding uh the process. We started recently, so um you know getting more bug fixes on the bug. Bounties board.

A

um You know working with our certified exchanges to launch new promotions um and and also uh really finishing the first bosch. The first batch.

A

So, overall, I think that um there's a lot going on right now, but that there's, I think um overall, but we're starting to see kind of like there's, um there's more of a like we're, trying to really kind of gel and discover what our like remorse part is, uh which is really about educating the entire world about market making hiv giving them a single code base uh that they can use to basically do whatever they want.

A

So um so, thank you, everyone for joining this this month. um As a reminder, uh we actually do this call every wednesday, uh the other three you know weeks of the month. We focus on developer issues and we kind of go more in depth into um issues that people are seeing. The fixes the proposing uh and some of the prds for the upcoming larger projects like indicators and discussions around that and then for these monthly community calls. We try to summarize everything and have it be something that we're making in a more general audience.

A

um Okay, well, thank you very much and we'll see you next month.

B

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