Full-Time
Software Engineer New Grad
Full Stack
N1
11-50 employees
Ethereum DeFi scaling via modular rollups
Compensation Overview
$100k - $180k/yr
New York, NY, USA
In Person
 Software Engineering (1) |
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- The candidate must be a resourceful, product-driven engineer.
- The candidate must have an eye for good front-end design.
- The candidate must have strong experience with React, TypeScript, Node.js, Next.js, and database systems.
- The candidate must have experience with a wide array of technical expertise and software development processes.
- The candidate must have strong written and verbal communication skills.
- The candidate must be able to write good technical documentation.
- The candidate must enjoy problem solving.
- Develop front-end, server-side, and database applications with a focus on blockchain products.
- Own and enhance web-based platforms and internal tools, ensuring they are intuitive, secure, and high-performance.
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
- 01 Exchange processed over $3 billion volume and attracted 25,000 users.
- Operational integration started immediately, accelerating N1's path to deeper liquidity and product control.
- N1 2.0's mobile apps and equities expansion broaden revenue beyond pure crypto trading.
What critics are saying
- 01 Exchange still hinges on one flagship product; 2026 execution slippage kills narrative.
- Hyperliquid already shipped Android MVP and S&P 500 perps, pressuring N1's differentiation.
- Equity-token acquisition complexity can trigger governance disputes, integration delays, and dilution by 2026.
What makes N1 unique
- N1 owns 01 Exchange after July 2026, unifying infrastructure, liquidity, and distribution.
- N1 2.0 targets RFQ markets, vaults, equities, and native mobile apps.
- Founders Fund-backed N1 combines Layer 1 performance with a vertically integrated trading stack.
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Benefits
Remote Work Options
Flexible Work Hours
Paid Vacation
Company News
Founders Fund-backed Layer 1 blockchain N1 has agreed to acquire decentralised derivatives platform 01 Exchange in an all-equity and token deal expected to close within six months. The acquisition brings 01 Exchange, which has processed over $3 billion in trading volume and attracted more than 25,000 users, under direct ownership as N1 prepares to launch its next-generation blockchain infrastructure. The move supports N1's vertically integrated network strategy, consolidating infrastructure, liquidity and its flagship trading application. CEO Dima Romanov said the integration will enable faster development and deeper liquidity. The acquisition precedes the planned launch of N1 2.0, which will introduce request-for-quote markets, vaults, equities and additional on-chain financial products. Existing 01 Exchange users will not need to migrate assets.
This week, 20 blockchain startups raised a total of $72.8 million. The largest deal was Gnosis HQ's $15 million M&A financing. Notable seed rounds include XP raising $6.2 million, KYD Labs $7.1 million, Nirvana Labs $6 million, Turtle Club $6.2 million, DoubleUp $4 million, and Perpl $9.3 million. Other projects like SpaceComputer, Taker Protocol, and UXLINK also secured funding, though amounts were undisclosed.
SAN FRANCISCO, April 10, 2024 /PRNewswire/ -- Today Layer N, a hyper-performant Layer 2 (L2) execution network, announced the launch of its testnet. Layer N first came out of stealth in September 2023 with a $5 million funding round backed by Peter Thiel's Founders Fund. Layer N is a novel execution layer designed as a network of rollups that share a unified communication and liquidity layer. Layer N aims to become the execution layer for thousands of hyper-optimized rollups, while maintaining a monolithic like UX for end-users.The public testnet is a unique opportunity for the community, users, and developers to experience first-hand how a fast and interconnected execution layer such as Layer N operates and how increased compute and shared liquidity can meaningfully enable a new class of on-chain applications. By designing the network for high throughput, low latency, and high composability/capital efficiency, Layer N aims to rival existing centralized networks. One of the first examples of a fully optimized rollup Virtual Machine (VM) deployed in Layer N is NordVM, an exchange-optimized engine that can already achieve lower execution latencies, higher throughput with TPS figures upwards of 100,000, and negligible transaction fees.Dima Romanov, CEO and Co-Founder of Layer N commented on the news, "Today marks a pivotal moment in the evolution of Layer N as we unveil our much-anticipated testnet phase 1
Layer N, a decentralized network that aims to improve the scalability and performance of Ethereum, has raised $20 million in a Series A funding round led by Founders Fund, the venture capital firm founded by Peter Thiel.
The new Ethereum scaling network Layer N has raised $5 million in a seed funding round led by PayPal co-founder Peter Thiel's Founders Fund and investment collective dao5.