Company Name: Ethena
Website: https://ethena.fi/
The first reward-accruing synthetic dollar protocol is being developed by Ethena Labs using cryptocurrency. The team includes a founding advisor in Arthur Hayes and a wealth of knowledge in both crypto engineering and traditional finance from companies including Cerberus, Wintermute, Flow Traders, Deribit, Paradigm, Aave, Blockdaemon, and Kaiko. Every significant exchange and trade entity in the industry supports us.
There is to develop the first crypto-native, rewards-bearing savings asset, or sUSDe, by constructing the derivative infrastructure that will allow Digital Assets to become the Internet Bond through delta neutral derivatives positions. The biggest opportunity in cryptocurrency today, in their opinion, is to create a synthetic dollar that is independent of the current financial system. This is the single most critical issue to tackle. The USDe will serve as the foundation for a larger ecosystem of products that they are developing which will also include composable repo leveraged markets and internet bonds with fixed and variable rates.
To join their team, they are seeking an experienced analyst from a trading business. to improve team resources for more thorough data collection, analysis, modeling, and portfolio management, as well as to expand the team’s bandwidth to enable 24/7 portfolio visibility. The position: An experienced individual with the ability to monitor and manage the protocols of the collateral pool positions is what they are seeking for. These positions generate the yield generation for the Internet Bond (sUSDe) and preserve the $ value of the Synthetic Dollar (USDe). After analyzing the portfolio to locate areas of over and underperformance, you would think through alternative remedies and estimate the possible results. You would then present the team with your findings and recommendations so they could take appropriate action.
In order to guarantee that the trading strategy is carried out appropriately, you would collaborate closely with the Chief Investment Officer (CIO), the Head of Risk to make sure the portfolio is within the established acceptable bounds, and Quant Engineers on jobs involving the collection and analysis of data. On this small yet very collaborative team, every individual makes a significant contribution. A seasoned front, middle, or back office analyst in trading who is keen to broaden their responsibilities throughout the whole range of trading activities would be well-suited for this position. Then, you get to perform all of that work for the most innovative Web3/DeFi team using digital assets denominated in USD at the moment.
What You Will Do
- Supervise all activities carried out by the automated portfolio management system, including trades and the maintenance and movement of collateral; inquire about and comprehend the reasoning behind them.
- Keep an eye on the general state of the system, identify which service is in charge of what, and determine how to report any possible problems.
- Keep an eye on indicators and statistics related to the portfolio, such as making sure it doesn’t exceed risk tolerance.
- Verify gas prices and smart contract balances.
- Help make enhancements to the system’s general operation.
- Help in the research of different market occurrences for upcoming upgrades.
- Assist in producing reports on events and performance for senior management and/or outside stakeholders. Frequently in a gradual manner, presenting the raw material initially and then more precise information afterward.
- could help with OTC trade processing and manual portfolio changes.
What They Are Looking For
- Professional trading background; knowledge of order administration, effective position building, aversive selection, and hedging strategies is expected.
- knowledge of trading cryptocurrency derivatives.
- engineering or business experience.
- meticulous and accurate mentality.
- capable of algorithmic thought.
- Python (access HTTP APIs, create visualizations, use data frames, get data from databases, etc.)
- SQL (aggregations, group by, where, select, insert, etc.)
- Not to worry about the Linux terminal
Salary and compensation
Since the company does not provide wage information, they calculated salaries using senior jobs that are comparable and jobs that are related to finance and cryptocurrency:
$80,000–$120,000 annually
To apply this job, Visit this page – https://jobs.lever.co/ethenalabs/eaabce60-e614-4dd4-82c4-b2851663cdfd/apply?ref=crypto-careers.com