MARKET Protocol is a small team of industry experts creating a decentralized protocol to enable derivative trading on the Ethereum blockchain. The founding team has worked together for seven years managing an algorithmic trading desk before changing their focus to blockchain technology at the end of 2016. The protocol has been developed in an open source, community-driven environment. This has many advantages, and we need candidates who are enthusiastic about operating in a “public by default” mode.
Work in Blockchain:
Centralized exchanges have fundamental issues around security, custody of funds. MARKET as protocol infrastructure addresses many issues with traditional centralized exchanges including security, custody of funds, exchange solvency and access controls. MARKET allows users to initiate short positions or hedge token price without borrowing or locating the underlying token. MARKET is designed to be trustless and decentralized with no single decision maker, all position management and settlement happen on chain.
Problems we are addressing:
Blockchain businesses and utility-token-driven projects need a way to decouple price volatility from utility.
The entire crypto assets market is in a bubble; we have limited short sellers. Efficient markets require speculative short sellers; with no easy way to profit from a decline in price we are fundamentally flawed.
We cannot get exposure cross-chain or off-chain with ERC20 assets and taking custody is generally a problem.
Ironically, ERC20 assets have limited utility. You can barely spend them let alone gain their utility. MARKET allows these ERC20 assets to be put to work as collateral for investment in other relationships.
Centralized exchanges have significant custody of funds and security issues and control access to trading.
All other DEX applications are ERC20 to ERC20.
Blockchain Centric – We are a Blockchain Focused Business
Help manage and organize internal development team, as well as open source community contributors
Maintain quality of code guidelines for contributors
Interact directly with technical founders to assist in carrying out development roadmap and vision
Collaborate to ensure correct architecture as our protocol scales and launches by year end
Expand trading mechanics of protocol in regards to order matching and market micro-structure
Integrate new features into our existing solidity based protocol including: arbitration, protocol governance, and additional oracle solutions
Coordinate audits of protocol prior to main net launch
Assist in expansion of partnerships with other blockchain projects that synergize with MARKET Protocol
Interest and passion for blockchain technology and open source community development
Familiarity with Git, specifically managing workflow and issues via GitHub
Experience with testing and continuous integration
Ability to thrive with in a remote, distributed team. Accountability, transparency and ability to effectively communicate with stakeholders is essential.
Background in financial markets, specifically derivatives trading
Knowledge of the decentralized exchange ecosystem and trading of cryptocurrencies
Expertise in managing open source projects
Proximity to Boulder, CO
Please send cover letter, resume, and applicable links (GitHub, social media, blog, etc) to