Staff/Senior Trading Technology Engineer
Who We Are:
Ethena Labs is a forefront DeFi organization focused on developing products for modern finance. Our synthetic dollar protocol, Ethena, built on Ethereum, offers a crypto-native solution for money, USDe, and a globally accessible dollar savings asset, sUSDe.
Our primary objective is to deliver globally accessible crypto-native financial solutions that bridge the gap between TradFi and the digital asset economy, based on transparency, efficiency, and enabling individuals and institutions to have greater control over their assets.
What We are Doing:
Ethena Labs is actively creating and implementing a range of groundbreaking products to tackle challenges and uncover opportunities in the digital finance landscape.
Our flagship product, USDe, is a synthetic dollar backed by digital assets with a unique delta-neutral hedging strategy to maintain its peg securely and efficiently.
Additionally, we offer sUSDe, which provides crypto-native rewards through derivatives market funding rates, presenting an attractive alternative to traditional financial system-tethered products.
Moreover, we are developing solutions to facilitate institutional adoption of digital assets. Our collaborations with Securitize and Blackrocks BUIDL fund have led to USDtb, an asset-backed stablecoin for institutional clients. Furthermore, iUSDe is tailored for traditional financial institutions, incorporating compliance features for their easy access to crypto-native rewards.
One of our key initiatives is Converge, a joint blockchain project with Securitize, aiming to create a hybrid blockchain that merges DeFi with CeFi and TradFi needs. Converge is intended to serve as a primary issuance layer for tokenized assets, seamlessly integrating with existing DeFi protocols to enable institutions to participate in the decentralized economy.
Through these endeavors, Ethena Labs is not just developing new financial products but also laying down the foundational infrastructure for a more open, efficient, and interconnected global financial system.
Join us!!
This role must reside outside of the USA
The Role
Ethena is renowned as a rapidly growing and innovative financial product utilizing digital asset technology. The Trading Technology team, consisting of 2-3 members, is responsible for the entire trading technology stack, encompassing the strategy, development, and maintenance of Ethena's trading platform that underpins its core products: USDe & sUSDe.
Reporting to the Team Lead, this role entails focusing on top-notch engineering, resilient system design, development velocity, and delivery of best execution capabilities.
What You’ll Do
- Contribute to Building an Excellent Trading System: Responsible for designing and implementing a robust trading platform to ensure efficient execution of large trades effectively.
- Develop Market Data and Execution Capabilities: Construct high-performance market data pipelines and ensure seamless integration with various trading venues utilizing different protocols.
- Drive New Product and Feature Development: Collaborate with quant and trading teams to create and implement new trading strategies and execution logic.
- Maintain Software Excellence: Implement modern software development best practices such as TDD, BDD, test automation, CI/CD pipelines, and adhere to SOLID principles.
- Optimize for Performance and Resilience: Design fault-tolerant architectures with failover mechanisms to ensure high availability and reliability.
What We’re Looking For
- Extensive Experience in Trading Systems Development: Proven track record in building and supporting trading infrastructure from scratch, including market data feed handlers, algo engines, backtesting frameworks, and execution platforms.
- Solid Software Engineering Fundamentals: Expertise in modern development practices and resilient system design.
- Deep Understanding of Financial Markets: Strong knowledge of trading mechanisms, security protocols, and infrastructure management across various venues.
- Experience with Crypto Trading Venues and Derivatives: Hands-on experience working with centralized crypto exchanges (CEXs) and trading instruments like perpetual swaps and deliverable futures.
- Multi-Venue Trading Experience: Understanding of order routing, trade reconciliation, and execution quality optimization across multiple trading venues.
- High-Performance System Design: Expertise in optimizing for system performance, ensuring low-latency execution, high throughput, and quality execution.
- Excellent Problem-Solving Skills: Strong problem-solving abilities and strategic decision-making skills.
- Passion for Testing and Automation: Advocate for TDD, BDD, and test automation with practical experience in various testing methodologies.
Salary Range: $150,000 - $230,000 a year
Why Ethena Labs?
Join a forward-thinking, crypto-native organization with a mission to revolutionize decentralized finance. Collaborate with a passionate and creative team in a flexible, remote-friendly work environment with growth opportunities.
If you align with our mission of separating the dollar from the state, we welcome your application!
We anticipate receiving your application and will follow up after reviewing it.
