No funded issue found.
Check out the
Issue Explorer Be the OSS Funding you wish to see in the world.
Looking to fund some work? You can submit a new Funded Issue
Workers Auto Approve
python, ethereum, trading, finance, bitcoin
## Before you `start work`
Please read our contribution [guidelines](https://docs.marketprotocol.io/#contributing) and if there is a bounty involved please also see [here](https://docs.marketprotocol.io/#gitcoin-and-bounties)
Please make sure to comment in the issue here immediately after starting work so we know your plans for implementation and a timeline.
**Please also note that in order for work to be accepted, all code must be accompanied by test cases as well.**
Anyone interested in this bounty must first be approved. Please do not start work without speaking to us first in discord.
Hummingbot is open source software that helps you deploy automated, high-frequency trading bots that run on any crypto exchange.
This bounty is for the integration of LBTC and SBTC into Hummingbot and the creation of a strategy to trade similar assets between multiple exchanges for a minimum spread.
**Hummingbot developer docs:**
### User Story:
As a Hummingbot user, I want to provide liquidity in LBTC and SBTC.
### Why is this needed?
LBTC and SBTC have a few differences between spot bitcoin including [pricing](https://medium.com/market-protocol/position-tokens-pricing-on-mpx-explained-7b2d2ddb556f) and leverage, which need to be addressed before trading them with Hummingbot. [See examples](https://docs.google.com/spreadsheets/d/1MEgdZj1mjJTcD5KEV61v5pXBhjv6y_9LDiGqJ9lD2Gw/edit#gid=1702381958) to convert LBTC/SBTC to spot Bitcoin price
Hummingbot’s [cross-exchange market-making strategy](https://docs.hummingbot.io/developers/strategies/cross-exchange-market-making/) is a good starting point/template. This strategy, however, would be different enough to warrant a separate strategy.
Example - A Hummingbot user could quote LBTC/SBTC on DDEX [maker exchange] based on the current spot bitcoin price Binance [taker exchange]. When filled on DDEX an appropriately sized hedge in the right direction is placed on Binance.
There are two main pieces to complete:
- Convert LTBC/SBTC to spot price so Hummingbot can evaluate strategy profitability, hedge ratio, etc.
- Implement a few hedging actions based on the general rules below:
1. If I sell LBTC, I need to buy spot bitcoin
2. If I sell SBTC, I need to sell spot bitcoin
3. If I buy LBTC, I need to sell spot bitcoin
4. If I buy SBTC, I need to buy spot bitcoin
The design is flexible and allows for LBTC/SBTC today but other synthetic assets following a similar construct in the future.
LBTC represents a long Bitcoin position
SBTC represents a short Bitcoin position
LBTC and SBTC are leveraged positions which means they are not hedged 1:1 with the taker exchange.
### Definition of Done:
- [ ] Convert the price of Bitcoin on maker exchange into LBTC and SBTC quote prices
- [ ] Ensure hedge rules above are implemented
- [ ] Review [MP.tools](MP.tools) and [leverage calculations](https://docs.google.com/spreadsheets/u/3/d/1MEgdZj1mjJTcD5KEV61v5pXBhjv6y_9LDiGqJ9lD2Gw/edit#gid=1702381958) so an appropriately sized hedge is placed when filled on LBTC or SBTC.
- [ ] Documentation on usage and configuration
- [ ] Strategy unit tests (we have examples here: https://github.com/CoinAlpha/hummingbot/blob/master/test/)
Setup your profile
Tell us a little about you:
No results found for
Type to search skills..
Required [[totalcharacter]] / 240
Are you currently looking for work?
[[ option.string ]]
Setup your profile
Our tools are based on the principles of earn (💰), learn (📖), and meet (💬).
Select the ones you are interested in. You can change it later in your settings.
I'm also an organization manager looking for a great community.
Enable your organization profile
Gitcoin products can help grow community around your brand. Create your tribe, events, and incentivize your community with bounties. Announce new and upcoming events using townsquare. Find top-quality hackers and fund them to work with you on a grant.
These are the organizations you own. If you don't see your organization here please be sure that information is public on your GitHub profile. Gitcoin will sync this information for you.
Select the products you are interested in:
Out of the box you will receive Tribes Lite for your organization. Please provide us with a contact email: