Liquidity mining: July recap

hummingbot
Sep 22 · 3 min read

This blog was originally posted on the Hummingbot blog on July 31, 2020.

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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

Number of Distinct Miners

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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

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Open Order Volume

Total Value Locked

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Average Amount of Liquidity (Open Order Volume) per Bot

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

Filled Order Volume

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Filled Volume as % of Binance Totals

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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!

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

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hummingbot

Written by

hummingbot, an #opensource #crypto #marketmakingbot. Decentralize #marketmaking: hummingbot.io

Hummingbot Blog

Bite-size stories about crypto trading, decentralized finance and hummingbot. For full articles, check out https://www.hummingbot.io/blog

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