Software Engineer - Backend Rust
About the job
- A Bachelor's degree in Computer Science or a related technical field, or equivalent practical experience.
- Experience designing, testing, and implementing scalable backend systems.
- Experience with a low-level programming language such as Rust, C, C++, or Zig.
- Experience in systems programming, including strong signals such as writing compilers, operating systems, kernels, or machine simulators.
- Experience writing correct and reliable software, including deploying software changes used by people.
- The ability to work creatively, independently, and collaboratively in a fast-paced environment.
- Spearhead development of core backend components for the blockchain network, focusing on networking, reliability, and scalability.
- Design and code core backend software components primarily in Rust.
- Create, test, debug, and deploy production-grade software components.
- Maintain and enhance high-quality software engineering practices within an open-source project.
- Active participation in Bitcoin, Ethereum, blockchain projects, or the open-source community is highly desirable.
About the company
Layer N provides modular rollups on Ethereum to scale financial applications. It offers hyperperformant, customized rollups and a suite of APIs to enable DeFi platforms, financial institutions, and developers to build high-performance dApps with improved scalability and user experience. The product works by bundling multiple transactions into rollups that settle on Ethereum’s Proof-of-Stake network, using a shared communication layer to unify liquidity and improve capital efficiency. Security comes from leveraging Ethereum’s PoS chain. The company differentiates itself from competitors through its focus on modular, customizable rollups and shared liquidity infrastructure designed for high-throughput financial applications, aiming to deliver centralized-finance-level performance in a decentralized framework. Layer N’s goal is to achieve performance on par with centralized finance networks while preserving the decentralized ethos of blockchain technology.
Company Size
11-50
Company Stage
Seed
Total Funding
$7M
Headquarters
New York City, New York
Founded
2022
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Simplify's Take
What believers are saying
- N1 acquired 01 Exchange on July 8, 2026, immediately consolidating trading flow.
- 01 Exchange already processed over $3 billion volume and attracted 25,000 users.
- N1 launched 75 million weekly points in August 2026, incentivizing liquidity and retention.
What critics are saying
- Hyperliquid processed $633 billion in Q1 2026, crushing N1's early traction.
- N1's points, referrals, and token incentives signal heavy subsidization before sustainable demand.
- If N1 2.0 misses launch, 01 users and liquidity stay trapped behind Hyperliquid and rivals.
What makes N1 unique
- N1 vertically integrates blockchain and exchange, owning 01 Exchange and app.n1.xyz.
- N1 2.0 targets native orderbook, margining, RFQ markets, vaults, and equities.
- N1 supports Typescript application development, lowering on-chain builder friction versus Solidity-only stacks.
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Benefits
- Remote Work Options
- Flexible Work Hours
- Paid Vacation