Job description
Job Description:
Product Design
- Design and iterate on derivatives product mechanisms: perpetual contract funding rates, mark price/index price methodologies, margin systems, liquidation mechanisms, ADL, etc.
- Participate in the product definition of account systems and risk isolation structures, collaborating with protocol and engine teams for implementation.
- Track product mechanisms and parameter practices of CEX and on-chain competitors, output comparative analyses and improvement suggestions.
Parameter Setting and Risk Control
- Build and maintain a risk parameter framework for the entire platform: initial/maintenance margin rates, leverage tiers, position limits, price protection bands, funding rate parameters, insurance fund strategies, etc.
- Regularly calibrate parameters based on market depth, volatility, on-chain/off-chain liquidity data; execute emergency parameter adjustments in extreme market conditions.
- Monitor platform risk exposure: concentration of large holder positions, health of the insurance fund, liquidation efficiency, abnormal trading behavior; establish early warning and response mechanisms.
- Review major market events and liquidation events, output reports, and promote mechanism improvements.
Listing and Daily Operations
- Responsible for the entire process of launching new tokens/new contracts: asset assessment (liquidity, market cap, manipulation risk), index source selection and weighting, initial parameter setting, launch checks, and observation period management.
- Manage delisting/migration processes and corresponding user position handling plans.
- Interface with market makers and institutional clients on product and parameter-related issues; collaborate with BD to assess the risks of customized demands.
- Write and maintain product rules documentation, parameter announcements, and external explanations of risk control policies.
Job Requirements:
- Over 3 years of product/risk control/trading-related experience in crypto exchanges (CEX/DEX), market makers, proprietary trading, or traditional derivatives institutions.
- Real trading experience (individual or institutional), with a level of understanding of perpetual contract funding rates, basis, liquidation, slippage, etc.
- Deep understanding of derivatives pricing and risk management fundamentals: margin models, volatility, liquidity risk, counterparty/underwater risk.
- Proficient in using data analysis tools (SQL / Python / data dashboards) to support parameter decisions.
- Able to independently manage a complete module (such as the listing process or parameter framework), from design and implementation to daily operational closure.
- Proficient in both Chinese and English as working languages.
【Bonus Points】
- Deep usage or operational experience with on-chain perpetual DEXs (Hyperliquid, dYdX, GMX, etc.).
- Involvement in the design of exchange risk parameter frameworks, liquidation engines, or composite margin systems.
- Familiarity with oracle/index price mechanisms and their manipulation risks.
- Experience in at least one real-world risk control scenario during extreme market conditions.
- Background in market making or quantitative strategies.
Benefits:
- Highly competitive salary.
- 100% flexible remote work, with a flat organizational structure and open communication culture.
- Access to cutting-edge global Web3 resources, with broad career advancement opportunities alongside the platform's rapid expansion.