Open Source and Progressive Decentralization Done Right with Michael Feng (Hummingbot)

WAGMI Ventures Podcast

WAGMI Ventures Podcast
Open Source and Progressive Decentralization Done Right with Michael Feng (Hummingbot)
Jun 02, 2023 Season 1 Episode 50
WAGMI Ventures

Michael Feng is the Co-Founder @ Hummingbot (https://hummingbot.org/). Backed by Initialized Capital, Slow Ventures, & more, Hummingbot is open source software that helps you build high-frequency crypto trading bots that specialize in market making and arbitrage strategies. They average $100M+ 24H volume, have 1M+ all-time downloads, and support 13+ HFT strategies. In this episode we dive deep on recently decentralizing their operations to HBOT token holders, why they restructured as a not-for-profit organization, the key differences between TradFi and crypto markets for traders, & much more.

Recorded Tuesday May 30th, 2023.