S-Nexum [TEC]
Project Status
Please Note: this project is PAUSED INDEFINITELY.
Our flagship project is the creation of a connector between Hummingbot and Sifchain DEX.
Hummingbot is an open-source, high-frequency trading bot that provides a user-friendly interface to build and execute market making strategies on CEXs and DEXs.
We see the integration of Sifchain into Hummingbot as an important step towards decentralizing the liquidity of cryptocurrency exchange on a macro scale. The opportunity to provide such building blocks of the future is both exciting and critical to our long term goals of facilitating decentralized FinTech adoption by everyday users.
Links
Read about it on...
Nexum F.A.Q
What is project Nexum?
Project Nexum is the codename for a connector built between Hummingbot and Sifchain DEX, by Pecunia.Finance.
You can also read all about it on Medium.
What value does it bring?
The connector will enable current Hummingbot users and professional arbiteurs to leverage Sifchain DEX for running strategies with their bots. Traders from other communities will be able to utilize Hummingbot, connected to Sifchain, to increase trading volume for the Sifchain DEX and as a result we expect to see an increased TVL for Sifchain and wider ecosystem of Hummingbot.
What is Hummingbot & what does it offer?
Hummingbot is a platform that offers a user-friendly, high-frequency trading bot and online “miner” dashboard. The bot is open source software which allows traders to automatically execute AMM and arbitrage strategies between centralized and decentralized exchanges, based on pre-defined market criteria. The current release supports 72+ token issuers and exchanges.
What is Arbitrage?
In economics and finance, arbitrage is the practice of taking advantage of a difference in prices in two or more markets; striking a combination of matching deals to capitalise on the difference, the profit being the difference between the market prices at which the unit is traded. -Wikipedia DYOR