During the course of the deployment of Project Nexum, the Pecunia.Finance developers have been actively participating in the Hummingbot community and cultivating relationships with Cosmos developers who have come out to Hummingbot in search of connectors. Since these relationships have the potential to create ecosystem synergies, a standardized interface has been developed to allow Cosmos-based chains to connect with Hummingbot.
This scalable system will make use of a network connection to Cosmos Blockchain, with components that are shared amongst the several chains placed on top of it. Pecunia.Finance is involved in the design and development of the interface’s architecture, which serves as the standard abstraction for the Cosmos ecosystem on the Hummingbot Gateway-v2 platform. Pecunia.Finance has stated that it is pleased with its accomplishments as a DAO and with the role it has played, along with many others, in laying the groundwork for a standardized approach to the development of connectors within the Cosmos ecosystem.
The Development Phase of the Project
Pecunia.Finance DAO was awarded a grant at the beginning of 2022 so that it may develop a Hummingbot connector for the Sifchain DEX. Pecunia.Finance had to first address a gateway between the Hummingbot Client and Cosmos because the Sifchain protocol is built atop the Cosmos protocol. The DAO, after discussing with the developers of Hummingbot, came to the conclusion that the most effective method for integrating a Sifchain DEX connector would be to do so in four separate Pull Requests (PR).
Each of the PRs would address a different component of the connector once it was integrated. The first of the four PRs ultimately served as the basis for Pecunia.Finance’s Cosmos Ecosystem Interface. Pecunia.Finance soon realized that the interface could be employed by any developers who wanted to build a Cosmos-based connector, despite the fact that its initial purpose was only to provide the Cosmos elements that were required to connect Sifchain DEX.
Unfortunately, in tandem with this, the stability of the Sifchain SDK continued to deteriorate until it reached a peak of internal upheaval in late 2022, about the same time as the Sifchain DAO itself fell into disarray. The contacts that Pecunia.Finance had at the Sifchain DAO left, validators started shutting down, and they warned that there was no staff available to support the system. It came to the attention of Pecunia.Finance that its plans to build the three more PRs and the Sifchain DEX connector were highly unlikely to be carried out.
Objectives of the Cosmos Ecosystem Interface
Several other community developers have gotten in touch with Hummingbot with the objective of developing connectors for Cosmos-based chains. Pecunia.Finance asserts it is grateful and humbled that Hummingbot has forwarded many of them to Pecunia.Finance DAO. As the platform has unofficially become the initial point of contact for Cosmos ecosystem developers that are looking to work with Hummingbot, this is a huge accomplishment for Pecunia.Finance.
To be more specific, Pecunia.Finance has a group of seven to eight developers hailing from various companies who are gaining knowledge from the company’s experience with the Hummingbot software. Pecunia.Finance, in collaboration with the developers of Hummingbot, came to the conclusion that the most effective method would be to establish a network connection to Cosmos and make use of all of the components that are shared among the various chains that are built on top of it.
This was done in order to provide an enhanced and scalable solution for developing a DEX Hummingbot connector in the Cosmos ecosystem, which was in accordance with Hummingbot requirements for the Gateway-v2. This indicates that the interface is not a connector for a particular exchange; rather, it offers a standardized base upon which to build connectors for use throughout the Cosmos ecosystem. The completion of the task described above will fortify the connection between Pecunia.Finance, Hummingbot, and the Cosmos ecosystem. This is because all of the next Cosmos connectors will be able to be developed on top of this interface.
Future Plans for the Cosmos Ecosystem Interface
Pecunia.Finance remains committed to delivering value from Project Nexum in spite of the current circumstances at Sifchain. As a direct consequence of this, Pecunia.Finance is moving into the last stages of the process of combining the Hummingbot Client with the Cosmos Ecosystem Interface. Pecunia.Finance will consider the interface to be a success and will utilize it to continue developing connectors despite the fact that Project Nexum has been halted indefinitely as of right now.
Pecunia.Finance is already having conversations regarding integration with other Cosmos-based DEXs and is keeping a close eye on Hummingbot for any changes that may occur in the process of integrating connectors. Pecunia.Finance is a DAO that operates on a worldwide scale and aims to propel humanity into the future on the basis of sustainable and equitable technology.
Pecunia.Finance was founded by a group of developers, business consultants, and analysts who share a common goal of bringing the technology of the future into the present. The rewards of Pecunia.Finance’s labor are designed to create prospects for expansion into different industries and, as a result, to provide labor opportunities that are fairly paid and nearly anonymous, which are beneficial to society as a whole. Pecunia.Finance is working toward the goal of becoming a network state, which is a fully autonomous, dispersed, and a digital blend of community, technology, and environmentally responsible business.