Liquidity mining: July recap

Blog»Liquidity mining: July recap
cover

Carlo P. Las Marias

2020-07-31 · 2 min read

In the past month, we have continued to see strong participation from miners across all campaigns. We launched two new campaigns, for NULS and for COTI.

For a discussion and explanation of some of the metrics we are tracking, please see our blog post - Liquidity mining: April recap.

5-month Summary Statistics

Through July 31, 2020

  • Total distinct miners surpassed 600! Currently, we have had 2,294 total sign-ups, with 604 distinct miners having participated and earning rewards

  • Filled order volume surpassed 80mm in July, bringing the total overall miner traded volume to 81.7 million

  • USDC 64,875 cumulative rewards paid out

  • The top ranked miner has earned USDC 9,747 rewards in total and #2 miner has earned USDC 5,657

Number of Distinct Miners

totalminers
weeklyminers

We saw 21% growth in the number of distinct miners in July. New campaigns for NULS and COTI attracted a lot of new users.

Total Number of Bots

totalbots
cumubots

Open Order Volume

Total Value Locked

oov
cumuoov

Average Amount of Liquidity (Open Order Volume) per Bot

usdperbot

Currently approx. $892 of open order volume/liquidity has been created per bot, representing a 10% increase from last month.

Filled Order Volume

fov
fov2
fov3

Filled Volume as % of Binance Totals

fov4
fov5

Currently, miner filled order volume as percentage of Binance filled order volume is at 5%, reflecting a large increase in overall market volume in the month.

What's Next

We are now in talks with a few new token projects for future liquidity mining campaigns. Additionally, a few exchanges have reached out to us for collaboration in the past month. We plan to start working on onboarding liquidity mining campaigns to KuCoin a couple of sprints later. Stay tuned!

Learn More


For exchanges and projects who would like to learn more about liquidity mining, please contact us at partnerships@hummingbot.io.

DISCLAIMER: The websites located at https://hummingbot.io, https://docs.hummingbot.io, https://miners.hummingbot.io (collectively, the "Site") are copyrighted works belonging to CoinAlpha, Inc. ("Company", "us", "our", and "we"). Certain features of the Site may be subject to additional guidelines, terms, or rules, which will be posted on the Site in connection with such features. All such additional terms, guidelines, and rules are incorporated by reference into these Terms. These terms of use (these "Terms") set forth the legally binding terms and conditions that govern your use of the Site. By accessing or using the Site, you are accepting these Terms (on behalf of yourself or the entity that you represent), and you represent and warrant that you have the right, authority, and capacity to enter into these terms (on behalf of yourself or the entity that you represent). You may not access or use the Site or accept the terms if you are not at least 18 years old. If you do not agree with all of the provisions of these terms, do not access and/or use the Site.