Senior Backend Engineer - Paradex

At Paradigm, we are changing the future of finance! By joining us at this early stage, you’ll be building cutting-edge, distributed financial service infrastructure that will reshape financial services across CeFi and DeFi markets. 

About Paradigm

• Paradigm is a zero-fee, institutional liquidity network for derivatives traders across CeFi and DeFi. 
• We provide unified access to multi-asset, multi-protocol liquidity on demand without compromising on execution preferences, costs, and immediacy. 
• We’ve built the largest network of institutional counterparties in crypto, with over 1000 institutional clients trading over $10 B per month.
• We are a diverse, global team led by our organizational principles and united by our mission to bring on-demand liquidity for traders, anytime and anywhere, without compromises. We also strive to ship faster than anyone else in the industry!
• We are backed by the best traders and investors in the space, including Jump Capital, Genesis Trading, Dragonfly Capital, QCP Capital, Optiver US, IMC, GSR Markets, Akuna Capital, Fidelity Digital Assets CMT Digital, Goldentree Asset Management, Amber Group, OK Group, Bybit Fintech, and CoinShares.

Paradex is a cutting-edge decentralized exchange (DEX) built on an Ethereum Layer 2 solution tailored for high-performance derivatives trading. Our platform features lightning-fast order execution, deep liquidity powered by Paradigm, and innovative on-chain risk management. Built on Starknet’s first Appchain, Paradex leverages advanced zero-knowledge technology for secure, scalable transactions. Backed by top-tier investors and incubated by Paradigm, we’re rapidly growing and committed to building a transparent and adaptable DEFI ecosystem. Join us as we push the boundaries of blockchain, finance, and engineering.

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

• 5-8+ 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

Paradex Overview

🥇  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 (Q224)

• 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