Drift MEV Quantitative Researcher

Location

Remote / Sydney / San Francisco / New York / Singapore

Description

Drift - MEV Quantitative Researcher

Last update: 28 December 2023

Drift Labs is the core contributor to Drift Protocol, the largest perpetuals DEX on Solana. Drift Protocol’s goal is to make DEXs the best way to trade derivatives. Despite the decentralized nature of crypto, centralized derivatives exchanges still remain dominant - they're already fast, familiar and reliable however lack immutability and transparency.

Drift’s vision is to create a centralised user experience built on decentralised rails. We’re backed by Multicoin Capital, Polychain Ventures, Ethereal and many more. The team is made up of experienced traders and builders from DeFi and traditional finance working to make this a reality.

The Opportunity

Drift is looking for an MEV researcher to be a core member of our infrastructure and trading team. You'll be expected to build and maintain core infrastructures for off-chain bots that ensure maximal price efficiency on Drift's DEX. Additionally, you’ll have an opportunity to work across our entire Solana stack on cutting-edge technology that revolutionizes the way we trade digital assets.

Your Role

Work on Just-in-Time auction trading algorithms that maximize yield for MMs and maximizes exchange liquidity
Build open-source bot examples for MEV arbitrage opportunities across the exchange
Ensure 24/7 uptime for arbitrage and liquidation bots, keeping prices on DEX in line with oracle prices
Develop, backtest and execute MEV-focused algorithmic strategies
Write and deploy production quality code to integrate new trading strategies in our current set
Develop monitoring and reporting systems around strategy performance

Requirements

Experience managing day-to-day operations of software infrastructure and maintenance of trading systems
Algorithmic trading experience with a previous track record is required, whether personal or professional experience
Previous experience with algorithmic trading on DEXes
Understanding of and experience building basis and arbitrage strategies
Strong communication skills and collaborative mindset
High level of ownership and accountability, reliability, and strong follow through
Ability to handle pressure and time constraints with composure

Nice to Haves

Quantitative degree in Maths, Statistics, Computer Science, Physics or related qualitative field
3+ years of experience with building and maintaining algorithmic trading systems and/or trading infrastructure

Perks

Remote first - work from anywhere, but a home base in Australia or the North America is preferable
International team meets
Stipend for technology costs

Drift is an equal opportunity employer and we value diversity at our company. All aspects of employment are based on merit, performance, and business needs. We do not discriminate based upon race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

To apply, go to this link.

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