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Epochs

The Hummingbot Foundation is an experiment in creating a self-sustainable open source ecosystem. We plan to iterate and improve on this distribution process via Epochs.

Each Epoch is a fixed period that are basically long agile sprints, after which the Foundation will conduct an open retrospective and strengthen internal processes for the next Epoch.

Epoch 1

  • Start: Feb 1, 2022
  • End: June 30, 2022
  • Goal: Distribute 30 million HBOT tokens

The last day to submit Hummingbot Improvement Proposals (HIPs) requesting a share of Dev Grant Budgets is May 31, 2022, and the last day to submit Pull Request Proposals (PRPs) linked to approved HIPs is June 30, 2022.

Category Total HBOT Available Target Number of Grants
Liquidity Distributions 15,000,000 10 platforms
Dev Grant Budget 10,000,000 50 dev grants
Initiative Budget 5,000,000 5 initiatives

After Epoch 1, the Foundation conducted a retrospective and enacted a number of changes to the governance process. Specifically, the Foundation decided to start the following initiatives:

Epoch 2

  • Start: August 1, 2022
  • End: December 31, 2022
  • Goal: Distribute 30 million HBOT tokens
Category HBOT Allocation
Dev Grant Budget 15,000,000
Liquidity Distributions 5,000,000
Community Work 10,000,000

After Epoch 2, the Foundation conducted a retrospective and decided to enact the following changes to improve the governance process:

  • Change epoch cadence to from bi-annually to quarterly
  • Start Polls to make HBOT governance easier
  • Cease setting per-epoch HBOT distribution targets

Epoch 3

  • Start: January 1, 2023
  • End: March 31, 2023

See Epoch 3 Polls Recap for more information.

CEX Connectors

  • Binance

  • Kucoin
  • Gate.io
  • AscendEx

Crypto.com, Kraken, LBank, Bitget, Bybit, NDAX, Coinbase, Bitmart, Bitfinex, Binance US, Bittrex, Huobi, AltMarkets, HitBTC, Bitmex, ProBit Global, OKX, WhiteBit, MEXC

DEX Connectors

  • Uniswap

  • PancakeSwap
  • SushiSwap
  • dYdX

TraderJoe, QuickSwap, OpenOcean, Pangolin, Defira, Perpetual Protocol, MM Finance, Defi Kingdoms, Loopring, Ref Finance, VVS Finance

Core Strategies

Avellaneda Market Making, UniswapV3 LP, Hedge, Cross-Exchange Mining, Perpetual Market Making, Aroon Oscillator, Liquidity Mining, TWAP, Spot Perpetual Arbitrage