dYdX is the Protocol for Decentralized Derivatives and Margin Trading built on the Ethereum Blockchain. Our goal is to enable trustless, global and efficient derivatives trading on any crypto asset.
The size of the derivatives market on existing financial infrastructure far outstrips the market size of any other type of financial asset. However, derivatives infrastructure exists minimally today for crypto assets, and primarily on centralized exchanges where users are exposed to security risks. With daily cryptoasset trading volumes surpassing $35 billion, we expect crypto derivatives to be a multi-$100 billion market within the next few years.
We have a huge opportunity to rebuild the core of the world’s biggest financial market and we're looking for world class Engineers, Designers, Operators to join us.
We are backed by the best and have a world class team.
- Founded by an ex-Coinbase, ex-Uber engineer.
- Our team has previous experience at Google, Bloomberg, Bain, Amazon, Nerdwallet and Uber.
- Backed by Andreessen Horowitz, Polychain Capital, Bain Capital Ventures and Coinbase founders; Brian Armstrong and Fred Ehrsam.
The market size is enormous. The market size for derivatives in traditional finance far outstrips any other market. We expect the market for crypto derivatives to be 10x the market size for crypto trading in general - which has already surpassed ~$35B daily.
There is high demand for this product today. There isn't a safe and secure way to margin trade and trade derivatives today on crypto assets. It all exists on centralized exchanges where there is a large security risk.
Our engineering team has a very flat structure and fluid working style. We meet officially once per week where we discuss what everyone is working on and priorities going forward. We typically create a 'wish list', estimate the sizing and then prioritize quickly in the meeting. Engineering leads spec development and manages the development cycle.
Outside of that, there is a lot of informal collaboration between engineers and also with design / operations too.
From the smart contract side: mechanism design (aka game theory and cryptoeconomics) and security. How do you build it in a way that requires minimal governance, is trustless, permissionless and allows any party to extend the protocol's functionality as new standards and exchanges emerge.
From the web side: Working with technologies that are not fully fleshed out yet. E.g. Blockchain transactions aren’t mined instantly. This forces us to stay at the forefront of the technology that's being built out.
For crypto in general: Getting to have outsized influence on what standards looks like in terms of security, governance, best practices, UX/UI, and mechanism design.
Building Protocols that potentially could have hundreds of billions of dollars flowing through them. The first one we have built is a Margin Trading Protocol that allow short and leveraged long transactions
Architecting and implementing backend infrastructure that scales to meet the demand of cryptocurrency trading activity, which today is $20-30B daily
Building web applications that enable seamless margin trading and trading of options. We have a first version out already - www.expotrading.com
We're a mission driven team. Extremely collaborative. We don't take ourselves too seriously. We enjoy hanging out with one another. We think it's important to do things like eat lunch away from your desk and actually interact, like real humans! We're all passionate about the potential power of blockchain technology.
Take vacation when you need it
Lunch catered + snacks + drinks etc
We have a great, new office in Jackson Square, San Francisco!
Work the hours that suit you, we're a local team but are flexible
Full medical, dental and optical
Board games, Drinks & other events with other blockchain / crypto companies
Monthly budget for fitness related activities
Generous commuter benefits
We offer 401k accounts
Interested in this company?
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