Double Rewards on Solana Liquidity Mining Campaign – Solana

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The Solana liquidity mining campaign is off to a great start and has been well-received by the Solana and Hummingbot communities! Since the start of the campaign on May 26th, Solana has seen over $2.6 million in trading volume through Hummingbot.

After encouraging initial results on its liquidity mining campaign, Solana is doubling the number of rewards available! The total rewards will now be USDC 1,250 per week starting from June 16, 2020, at 12:00 am UTC.

Summary Stats

May 26, 2020, through June 10, 2020

  • Total participants who have earned rewards: 105
  • Between 75–80 daily active bots trading SOL tokens
  • Traded SOL volume: $2.6 million (18% of all Binance volume)
  • Approximately $30k of consistent, minute-by-minute order book depth created with spreads of 2% or lower

Below is a detailed breakdown of statistics from the ongoing campaign, from the start of the campaign on May 26, 2020 through June 10, 2020.

Over 105 distinct users have participated in the liquidity mining campaign:

Between 75–80 daily active bots:

Liquidity miners are currently creating approximately $29.5k of order book depth at spreads of 2% or lower. This reflects actual orders in the exchange order book placed by miners that are directly and consistently contributing to the liquidity of SOL tokens and their trading efficiency:

Since the start of the campaign, liquidity miners’ orders have generated $2.6 million of traded volume in SOL tokens on Binance. This represents approximately 18% of all filled order volume on Binance since the start of the campaign.

Liquidity miners are accounting from 12% (SOLBTC) to as much as 48% (SOLBUSD) of filled order volume on Binance, or 18% across all pairs:

You can participate in this campaign at http://miners.hummingbot.io/

For any questions about this campaign please join the Solana Telegram.

Hummingbot is a platform that allows community members to earn money by providing market liquidity for a specific token using their assets. To do this, you can use the Hummingbot bot or your usual software via the API.

Bot checks bid-side and ask size of the order book each minute taking a snapshot at random time and accrues reward accordingly. The size of the award differs from market to market. You can find the expected size of the reward and the number of active bots on the site.

(Please note that the size of the award indicated on the site is a retro-analysis of historical data and may differ in the future)

Markets and snapshot results https://miners.hummingbot.io/

Yields for the Solana campaign won’t be shown until the campaign starts

Currently available programs on Hummingbot.

https://docs.hummingbot.io/liquidity-mining/#active-programs

Solana will be available starting May 26th

The size of the award depends mostly on three factors:

– The volume of assets in the trade (the larger the volume, the higher the award)

– Spread (the smaller the spread, the higher the award)

– Period of participation in the campaign (the longer, the greater the award)

To start mining the liquidity for Solana tokens through Hummingbot (campaign starts on May 19th, 2020), you need to install a bot. You can do it now.

Installation Instructions (~ 10 minutes) https://docs.hummingbot.io/quickstart/

Minimum requirements:

* MacOS: macOS 10.12.6 (Sierra) or later

* Windows: Windows 10 or later

* Linux: Ubuntu 16.04 or later

Installation Short Overview:

1. Download the bot

▫️ Link to download the bot — https://hummingbot.io/download/

2. Install it on the computer

▫️ How to install on Windows https://docs.hummingbot.io/installation/download/windows/

▫️ How to install on MacOs https://docs.hummingbot.io/installation/download/macos/

3. Configure the bot

▫️ How to configure the bot — https://docs.hummingbot.io/quickstart/configure/

Including connecting it to the desired exchange via API

▫️ How to create an API with Binance https://docs.hummingbot.io/connectors/binance/

First, the bot starts in the so-called Paper Mode (without real crypto assets) so that you can play around and try its functions.

❗️Important: The published Yield/Day metrics only include reward payments versus order volumes. They do not capture the individual miner’s profit or loss on the underlying strategy or any transaction fees (if any) that generated the orders created. This is the responsibility of the user, as is the observance of the rules and conditions of trading activity in his jurisdiction.

🔸Useful links https://www.notion.so/hummingbot/Help-Center-aa042efc10a5494aa745576722c7924b

🔹Frequently asked questions — https://docs.hummingbot.io/faq/liquidity-mining/

Free Bitcoins: FreeBitcoin | BonusBitcoin

Coins Kaufen: Bitcoin.deAnycoinDirektCoinbaseCoinMama (mit Kreditkarte)Paxfull

Handelsplätze / Börsen: Bitcoin.de | KuCoinBinanceBitMexBitpandaeToro

Lending / Zinsen erhalten: Celsius NetworkCoinlend (Bot)

Cloud Mining: HashflareGenesis MiningIQ Mining

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