Hummingbot x Kava Ecosystem Integration

Published on: 26.10.2021
Hummingbot x Kava Ecosystem Integration

Hummingbot Foundation is partnering with Kava Labs to integrate Hummingbot with the Kava Ecosystem.

The focus will initially be on connecting Kava Swap, but the partnership will lay the groundwork for integrating future DEXs like Cosmostation’s Stable Swap.

Hummingbot’s high-frequency bots allow users to act as market makers on a network of both centralized and decentralized exchanges. For users, this means generating returns through automated price arbitrage and trading strategies by targeting the exchanges with the most opportunity at any given moment.

“The Kava Ignition Fund is all about accelerating the usage and liquidity of the Kava Ecosystem. Humming bot is the largest distributed liquidity provider in crypto. We’re thrilled to sign them on and create a custom connection of Hummingbot Gateway to the Kava ecosystem, driving liquidity to every financial protocol that launches on Kava.” — Scott Stuart, Kava Labs CEO

In the future, Hummingbot support for other DEXs on Kava, such as the upcoming Cosmostation Stable Swap, may be added. Projects launching tokens on the Kava Ecosystem will also be able to accelerate their liquidity at launch through incentive pools awarded through Kava Swap and Hummingbot to liquidity providers.

About Hummingbot

Launched in 2019, Hummingbot is the leading open-source trading bot project in crypto with 36k+ installs and connectors to over 30 exchanges and protocols including Binance, Coinbase, FTX, Ethereum, Uniswap, Terra, and more.

The Hummingbot Foundation’s mission is to democratize high-frequency trading (HFT) through open source technology. Hummingbot helps you build and run trading bots on any platform, centralized or decentralized. Similar to Bitcoin mining software, Hummingbot is client software that runs on a user’s machine, which prevents users’ private keys and strategies from being exposed externally.

About Kava

Kava Labs is a developer of the Kava blockchain, the first cross-blockchain DeFi platform.

📰 INFO

https://medium.com/kava-labs/hummingbot-to-bring-liquidity-to-the-kava-ecosystem-a31f01ae1149

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