Senior/Staff DeFi Engineer

Who We Are:

Ethena Labs is a leading company in the DeFi space, dedicated to creating products for modern finance. Ethena focuses on developing a synthetic dollar protocol, USDe, on the Ethereum blockchain. Our aim is to offer globally accessible financial solutions that cater to both individuals and institutions, bridging the gap between traditional finance and the digital asset economy. We prioritize transparency, efficiency, and empowering users to have greater control over their financial assets.

Overview

Ethena Labs is actively working on a range of innovative products to address key challenges and exploit new opportunities within the digital finance sector.

Our primary product, USDe, is a synthetic dollar pegged to digital assets, utilizing a novel delta-neutral hedging strategy for enhanced stability.

Building on USDe, we introduce sUSDe, which provides rewards from crypto derivatives markets, offering an alternative to traditional financial products.

Moreover, we are developing solutions to encourage institutional adoption of digital assets through products like USDtb and iUSDe, catering to different institutional needs while leveraging established financial infrastructure.

One of our ambitious projects is Converge, a collaborative initiative with Securitize aimed at creating a hybrid blockchain that bridges DeFi with centralized finance to facilitate the issuance of tokenized assets.

Through these offerings, Ethena Labs is laying the groundwork for a more open, efficient, and globally connected financial system.

Role Summary

As a Senior DeFi Engineer at Ethena Labs, you will lead the design, deployment, and maintenance of cutting-edge DeFi infrastructure and products, focusing on stablecoins, staking, liquidity, and cross-chain operations. Your responsibilities will include integrating market data, liquidity signals, executing systems, and ensuring the security and reliability of Ethena's assets and user funds.

Responsibilities

• Design and deploy core DeFi protocols such as staking, stablecoin integrations, and liquidity systems with a focus on security and gas efficiency.
• Spearhead cross-chain infrastructure development to ensure seamless cross-chain transactions and messaging reliability.
• Collaborate with Security Engineering to implement robust monitoring tools and multisig solutions.
• Prioritize security by conducting audits, implementing testing protocols, and patching high-severity issues promptly.
• Collaborate with Trading & Risk Engineering to integrate market data into DeFi strategies for automated critical operations.
• Oversee the end-to-end lifecycle of DeFi products from concept to deployment, ensuring high availability of critical contracts.
• Innovate in stablecoin infrastructure by collaborating with external partners to introduce new products and features.
• Mentor junior and senior engineers, sharing your expertise and contributing to the team's knowledge base.

Requirements

• Deep understanding of DeFi protocols, smart contracts, staking mechanisms, AMMs, and liquidation procedures.
• Proficiency in Solidity and EVM patterns, ideally with experience in advanced tools like Foundry and Slither.
• Familiarity with Rust and Solana patterns, preferably with experience in advanced tools for Solana.
• Strong system design skills with a focus on scalability, gas efficiency, and upgradability.
• Prior experience in security-focused engineering practices, including vulnerability assessment and formal verification.
• Hands-on experience with cross-chain infrastructure and messaging protocols.

Salary range: $180,000 - $230,000 annually

Why Choose Ethena Labs?

• Join a forward-thinking company dedicated to transforming decentralized finance.
• Work with a collaborative and innovative team that encourages creativity.
• Enjoy a flexible work environment with opportunities for growth and learning.

If you share our vision of reshaping the financial landscape, we welcome your application!

We appreciate your interest and will be in touch after reviewing your submission.