Principal Backend Engineer

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