Who we are:

Ethena Labs is building the first ETH based yield-bearing synthetic dollar. Arthur Hayes is a founding advisor and the team has deep experience across traditional finance and crypto engineering from firms such as Cerberus, Wintermute, Flow Traders, Deribit, Paradigm, Aave, Blockdaemon and Kaiko. We are backed by every major exchange and trading entities in the space.

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What we are doing:

We are building derivative infrastructure to enable Ethereum to transform into the Internet Bond via delta-neutral derivatives positions, to create the first crypto-native, yield bearing synthetic dollar: sUSDe.

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We believe creating a synthetic dollar which is not reliant on existing banking infrastructure is the single most important problem to solve and largest opportunity in crypto today.

USDe will form the first part of a broader ecosystem of products we are building including fixed and floating rate internet bonds and composable repo leveraged markets.

Join us!

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The team:

We are a lean geographically distributed team of around 20 currently. We have a high pedigree or Digital Asset, DeFi & broader Web3 expertise, across both non-technical and technical teams. Ethena currently has 2 Engineering verticals, Onchain Engineering & Quantitative Engineering. Now we are adding this new project of building our own L2 for USDe and ENA to sit upon, we need to add new engineering expertise to take a leading position in this new vertical.

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Who we are looking for:

• A Principal Engineer with experience in building at the blockchain protocol level
• A person who is excited by the opportunity to join an early stage project team with the support of an established ecosystem to support it
• Someone well positioned to thrive in a small team, set in a fast paced environment
• Motivated and driven to learn new concepts, explore the less determinable or defined and lead in this overlap between frontier technology and financial concepts

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Responsibilities

• Lead the architecture & design of our L2 chain, including open source frameworks (OP stack, Arbitrum Nitro, ZK, L1 approach), sequencer performance tuning, strategic service provider selection, etc
• Meaningfully differentiating the chain from existing L2s such as through native yield, custom gas tokens, performance optimizations
• Lead key development milestones include internal and external devnets, through to public launch.
• Ensure high availability, reliability and performance of the chain post launch
• Act as a public technical figure advocating for the chain and supporting developers and protocols building atop it

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Requirements

• Direct experience building and launching an L1 or L2 blockchain and contributing code to sequencers for EVM compatible chains
• Experience building products in the Ethereum ecosystem
• Expertise with either Go or Rust and Solidity
• Exceptional at developing high-performance software and networked systems
• Aptitude to drive an outcome, unblocking yourself and those around
• Autonomous work ethic and and strong mindset for teamwork
• Fluent English, both written and spoken

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If you subscribe to the mission of separating the dollar from the state, then we want to hear from you!

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We look forward to receiving your application and will be in touch after having a chance to review.