Principal Backend Engineer
atParadex
Pending publication
Paradex Overview
- Paradex is a high-performance decentralized exchange (DEX) developed on a Layer 2 (L2) solution specially designed for derivatives trading. Our platform is distinguished by its:
- Blazing fast order execution (<50ms)
- Deep liquidity, often a challenge in the DEFI sector, powered by the largest institutional liquidity network in crypto (Paradigm)
- Supercharged capital efficiency through an innovative on-chain risk engine designed with a unified framework for both cross and portfolio margining, extensible to any asset
- Infrastructure built on Starknet’s first Appchain, purpose built to handle high-throughput derivatives transactions
- The Paradex appchain leverages Starknet's advanced zero-knowledge rollup technology and enables customization without compromising on the high standards of security and decentralization synonymous with Ethereum. We’ve been pioneers in Ethereum rollup space:
🥇 First Appchain on Starknet
🥇 First to pilot 40 Million Cairo Steps / Block on Mainnet
🥇 First to deploy Quantum Leap (Starkware’s New Rust Sequencer)
👉 First to leverage fully open source Sequencer + Prover stack for escape hatch solution (Q2 24)
- Paradex’s V1 go-to-market focuses on perpetual futures trading, however our mission is to develop a permissionless and adaptable ecosystem for DEFI builders and developers. This ecosystem aims to support a broad range of on-chain financial services and innovation within the Paradex L2 framework, such as borrowing, lending, fund management, and structured products.
- We are backed by the leading traders and investors in the space, including Jump Capital, Dragonfly Capital, DCG, QCP Capital, GSR, Amber Group, Optiver, IMC Trading, Akuna Capital, CMT Digital, Avon Ventures (Fidelity), Vectr Ventures and many more large institutions.
- We are incubated by Paradigm, the largest institutional liquidity network in crypto and global leader in crypto options with over 30% market share and $20B in monthly volume.
- Our team consists of seasoned industry professionals and innovative technologists drawing experience and expertise from a wide range of preeminent firms across the cryptocurrency, financial and big tech industries (Binance, Bitmex, Genesis, Paradigm, Goldman Sachs, Morgan Stanley, Google, Meta etc). The team is deeply committed to advancing the intersection of blockchain, finance, and engineering.
Highlights
We are growing at lightspeed, achieving $200 million in average daily volume (ADV) within just five months of launch.
- $13B Lifetime Volume (launched Closed Beta in Oct 23)
- $9m Total Value Locked
- Paradex is committed to building transparently in public, we openly share our key platform stats
The Role
You will be joining an established Paradex team that has already delivered incredible accomplishments to date.
- Launched a high performing (low latency, high throughput) margin system for crypto derivatives with top crypto trading firms as users
- Efficient margin system that provides speed, low blockchain gas costs and security (100x increase in transactions per second, 5x decrease in smart contract steps)
- Advanced handling of data discrepancies between blockchain and paradex cloud services
The team is just getting started and each engineer is expected to play a key role in our upcoming projects
- Enabling trusted traders on the platform to pool funds and generate attractive returns
- Become the first DeFi platform to provide trader data privacy by default
- Increasing the ability for users to trade more efficiently across a large number of complex derivatives
We are ambitious and we have what it takes to become the #1 decentralized exchange (DEX) in the market. We just launched open beta in the beginning of 2024 and are already a top 10 DEX. You have a unique opportunity to join us early in our journey to achieve amazing results and incredible equity upside.
Responsibilities
- Play a key role in designing, developing, and maintaining the backend services
- Work effectively with other talented engineers (backend, frontend, fullstack, infra, quant, testops) to deliver and lead projects end to end
- Deliver meaningful impact and influence to the team and business
- Participate in on-call rotations to ensure platform integrity and stability
Requirements
- 8+ years of backend engineering experience
- Expert proficiency in working with Golang
- Professional experience working in SQL, Caching, Distributed Messaging Systems, Monitoring and Scaling Microservice Oriented Systems
- Experience working with websocket architecture and implementation
- Experience demonstrating high impact and influence in previous organizations
- Experience working effectively with team members across different time zones
Nice to have
- Experience with distributed systems: Kafka/Postgres/Redis
- Experience working with cloud-native AWS infrastructure and/or Kubernetes
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