Quant Researcher

Drift Protocol
Drift Protocol
Job Functions:
Software Engineering, Data Science
Employment Types:
Full-time
Locations:
Remote; San Francisco, CA, USA; New York, NY, USA; Sydney, Australia
Compensation:
100,000 – 200,000 USD per year
Posted on:
03/07/2022

Drift - Quant Researcher

About Drift Labs

Drift is a leading derivatives exchange on Solana. Our mission is to bring state-of-the-art trader-centric experience from centralized exchanges on-chain. We're a team of experienced traders and builders from DeFi and traditional finance working together to make this a reality.

Within three months of launch, we have:

  • Hit $5B in cumulative volume traded;
  • Achieved over $30M in trader open interest with $14M in collateral vault balance;
  • Launched 13 trading markets.

The Opportunity:

Drift is looking for a Quant Researcher to be a core member of our research team to build, scale, maintain, and spearhead the development of our decentralized perpetual futures platform. You’ll help determine the strategy around developing our dynamic virtual Automated Market Maker (DAMM), research, propose and design formulaic parameter updates, as well as run simulations to track and measure risks across market scenarios.

Your Role:

  • Design protocol incentives and formulaic parameter updates
  • Run simulations to track and measure risks across market scenarios
  • Ensure code and data quality to showcase reproducible work
  • Proactively engage giga brain community members

Your Experience:

  • Proficiency with Python, including developing production quality software
  • Deep understanding of AMMs while proactive engaging in new developments
  • Track record of going from theoretical concepts to practical design, building, scaling and maintenance.
  • Strong communication & writing skills
  • Passion for DeFi and crypto
  • 2+ years as a quant researcher, data scientist or relevant discipline

Nice to Have:

  • Experience with any blockchain at the protocol level
  • Understanding of perpetual futures, options, margin trading and derivatives products
  • Familiarity with the Solana blockchain and building applications on Solana
  • Experience in data visualization frameworks
  • BSc in Computer Science, Mathematics, Statistics or relevant discipline

Drift's Development Stack:

  • Frontend: Typescript + React
  • Smart Contracts: Rust (using Anchor framework)
  • Backend: MySQL
  • Infrastructure: AWS

Perks:

  • Remote first - work from anywhere
  • International team meets
  • Stipend for laptop

To apply, send your CV and GitHub link to [email protected]!

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