Liquidity Mining: November recap

博客 » Liquidity Mining: November recap
2021-nov-lm-mr-img01

Dennis Buyco

2021-12-06 · 6 min read

On the Hummingbot Miner platform, we achieved a number of milestones in November. At the start of the month, the number of active bots reached a new all-time high of 1,506, KuCoin had its biggest daily filled order volume yet of $3.7 million, and total rewards across all exchanges surpassed $2 million.

Monthly stats highlights

Total filled order volume on Hummingbot Miner increased by more than 6% in November, reaching a total cumulative value of about $2.8 billion!

2021-nov-lm-mr-img02
  • Order volume has nearly reached $2.8bn, a 6% increase month over month.

  • The total number of unique miners hit 3,646! Another 171 new miners joined and earned rewards in November.

  • The total rewards from all exchanges reach almost $2.2m!

  • The total active bots set a new all-time high of 1,506 bots at the start of the month! 

  • KuCoin reached its highest daily FOV of $3.7m!

New campaigns and extensions

  • We’re thrilled to announce a new 12-week liquidity mining campaign for Stratis Platform with a US$15,000 reward pool payable in STRAX tokens!

  • Hifi extends the MFT liquidity mining campaign on Binance another 12 weeks! Due to overwhelming demand for the MFT token, Hifi Finance extends the MFT/ETH and MFT/BNB pairs with another US$15,000 to the reward pool (625 USDT per week, per pair) and a new maximum spread of 1.5%.

  • XCAD campaign will be extended with an updated reward pool of 418.75 XCAD per week for the XCAD/USDT pair.

  • We’re excited to announce a new 12-week liquidity mining campaign for Beefy Finance with a US$15,000 reward pool!

  • Avalanche is extending the liquidity mining campaign for another 12 weeks on Binance with a US$27,000 total reward pool!

  • Due to great feedback and issuer interest, we have partnered with several projects to bring their campaigns to the Gate.io platform. These projects include XCAD, Akash, Brokoli.

  • We’re excited to announce a new 8-week liquidity mining campaign for Qredo with a US$10,000 reward pool!

  • We’re thrilled to announce a new 4-week liquidity mining campaign for Frax Share with a US$2,500 reward pool!

  • We’re excited to announce a new 4-week liquidity mining campaign for Bemil with a US$5,000 reward pool!

  • We’re thrilled to announce a new 4-week liquidity mining campaign for Stratos with a US$5,000 reward pool!

  • iMe doubles down with a massive $90K USD reward pool commitment to Hummingbot Miner! The campaigns will have a 24-week duration on Gate.io and AscendEX!

New features and enhancements

Analytics software

We have integrated the Miner App with analytics software that will allow us to better customize the user experience of our miners. Participation is of course optional, users can opt-out if desired when prompted:

2021-nov-lm-mr-img02-02

Markets Watchlist

As offered by most exchanges and trading platforms, it will now be possible to create a Watchlist of markets you want to follow more closely.

2021-nov-lm-mr-img02-03

Market Detail page navigation

We keep working on improving the user experience for the Market Detail page. Besides some aesthetic improvements on the upper information panel, we have added a dropdown menu that allows quick navigation between markets. The user will be able to filter by name, exchange, or watchlist:

2021-nov-lm-mr-img02-04

Upcoming new features

During the next two weeks we will release several exciting features: the long-awaited wallet redesign, a new categorization system for markets and a new user experience for the Eagle Club.

We welcome any feedback and suggestions at miner@hummingbot.io or you can join the team in lively discussions on our discord server.

Platform statistics

Through November 30, 2021.

Rewards

Taking into account the AscendEX, Binance, and KuCoin campaigns, the total rewards across all exchanges presently exceed $2.2m.

Since launch, we have paid out approximately $953.5k in rewards on Binance.

2021-nov-lm-mr-img03

We launched KuCoin campaigns in February and have now given out over $571.1k in rewards to KuCoin miners.

2021-nov-lm-mr-img04

We began campaigns on AscendEX in June and have now given out over $660.9k in prizes to AscendEX miners.

2021-nov-lm-mr-img05

Number of distinct miners and bots

As of November 30, in total 3,646 distinct miners have participated in Hummingbot liquidity mining. There have been 2,900 unique miners on Binance, 1018 distinct miners on KuCoin, and 610 distinct miners on AscendEX.

Overall distinct miners for all exchanges
2021-nov-lm-mr-img06
2021-nov-lm-mr-img07

Distinct miners for Binance
2021-nov-lm-mr-img08
2021-nov-lm-mr-img09

Distinct miners for KuCoin
2021-nov-lm-mr-img10
2021-nov-lm-mr-img11

Distinct miners for AscendEX
2021-nov-lm-mr-img12
2021-nov-lm-mr-img13

Due to multiple campaigns being deployed to the Hummingbot Miner platform across different exchanges this month, we observed a significant increase in the number of active bots, reaching a new all-time high of 1,506 active bots at the start of the month:

2021-nov-lm-mr-img14

Liquidity (open order volume)

The open order volumes still declined despite multiple market pairs available on AscendEX.

2021-nov-lm-mr-img15

The average outstanding open order volume per campaign is around $15.7k at the end of this month.

2021-nov-lm-mr-img16

Filled order volumes on Binance

Miner volume on Binance continued to surge, reaching more than $2.1 billion, an increase of nearly 3% month over month.

2021-nov-lm-mr-img17
2021-nov-lm-mr-img18

XEM and MFT still continue to lead the board, with cumulative miner-traded volumes of $409.3m and $402.5m respectively.

2021-nov-lm-mr-img19
2021-nov-lm-mr-img20
2021-nov-lm-mr-img21

Filled order volumes on KuCoin

The Humminbot miner's community's contribution to KuCoin's liquidity continues to grow, with cumulative FOV hitting $324.6m, a monthly growth of over 26%.

2021-nov-lm-mr-img22
2021-nov-lm-mr-img23

FRONT and XYM are leading the board, with cumulative miner-traded volumes of $33.7m and $38.9m respectively.

2021-nov-lm-mr-img24
2021-nov-lm-mr-img25
2021-nov-lm-mr-img26

Filled order volumes on AscendEX

The contribution of Humminbot miner's community to AscendEX's liquidity continues to grow, with cumulative FOV reaching $290.3m, a monthly increase of almost 16%

2021-nov-lm-mr-img27
2021-nov-lm-mr-img28

USDC is leading the board, with cumulative miner-traded volumes of $26.9m.

2021-nov-lm-mr-img29
2021-nov-lm-mr-img30
2021-nov-lm-mr-img31

Filled order volume vs. reward pool

While liquidity mining does not compensate miners for filled order volume, the increased liquidity and order book depth created by miners does translate into increased trading efficiency and, consequently, additional trading volume. Trading volume is important for issuers since exchanges typically use traded volume as a benchmark to decide whether or not to maintain or remove token listings.

Binance Rewards vs. Filled Order Volumes
2021-nov-lm-mr-img32

Binance - Filled order volume per USD 1,250 weekly reward
2021-nov-lm-mr-img33

KuCoin Rewards vs. Filled Order Volumes
2021-nov-lm-mr-img34
KuCoin - Filled order volume per USD 1,250 weekly reward
2021-nov-lm-mr-img35
AscendEX Rewards vs. Filled Order Volumes
2021-nov-lm-mr-img36

AscendEX - Filled order volume per USD 1,250 weekly reward
2021-nov-lm-mr-img37

Note: Liquidity mining does not reward for filled order volume nor does it guarantee a certain amount of filled order volume. The above figures are based on historical data from currently running and historical liquidity mining campaigns.

Top ten miners

The top ten miners, as of November 30, have been awarded a total of $925.5k equivalent in payouts.

2021-nov-lm-mr-img38

Thank you!

The growth of the total number of bots across a diverse spectrum of base assets shows the health of the Hummingbot ecosystem, thanks to its increasing and energetic base of dedicated users and developers.


🏛 Token issuers: contact the team at partnerships@hummingbot.io to learn more about running liquidity mining campaigns on AscendEX, Binance.com, KuCoin, Gate.io, or to suggest the next exchange for us to integrate with!

🏦 Exchanges: contact partnerships@hummingbot.io if you’d like to bring Hummingbot and liquidity mining to your exchange!

相关帖子

Liquidity Mining: December recap
Liquidity Mining: December recap
Liquidity Mining: November recap
Liquidity Mining: November recap
Harmony and Hummingbot launch ONE Liquidity DAO
Harmony and Hummingbot launch ONE Liquidity DAO

免责声明:位于https://hummingbot.io、https://docs.hummingbot.io、https://miners.hummingbot.io的网站(统称为“网站”)是属于CoinAlpha, Inc.(“公司”、“我们”和“我们的”)的受版权保护的作品。本网站的某些功能可能受附加指南、条款或规则的约束,这些指南、条款或规则将发布在与此类功能相关的网站上。所有此类附加条款、指南和规则均通过引用纳入本条款。这些使用条款(以下简称“条款”)规定了具有法律约束力的条款和条件,以规范您对本网站的使用。访问或使用本网站,即表示贵方接受这些条款(代表贵方自己或贵方所代表的实体),并且贵方声明并保证贵方有权利、权限和能力签订这些条款(代表贵方自己或贵方所代表的实体)。如果贵方未满18岁,则不得访问、使用本网站或接受这些条款。如果贵方不同意这些条款的所有规定,请勿访问和/或使用本网站。