Full-Time
Senior Software Engineer
Backend
Posted on 4/11/2024
dYdX
51-200 employees
Decentralized margin trading, borrowing, lending
Compensation Overview
$210k - $270k/yr
New York, NY, USA
In Person
 Software Engineering (1) |
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- 5+ years experience working as a full-time developer
- You write secure, efficient, high quality code and have a good understanding of CS fundamentals
- You have experience with or are open to learning JavaScript, TypeScript, Node.js, PostgreSQL, Redis, Kafka, Express, WebSockets, Docker
- You are a fast learner who can quickly master new technologies
- Write financial software with high performance requirements, including order book matching engines, trading engines, and REST & Websocket API endpoints and other tools for real-time transaction processing
- Develop open source blockchain-based code that powers the dYdX protocol within the decentralized finance ecosystem
- Build and optimize REST & WebSocket APIs that support frontend applications and programmatic traders, ensuring efficient access to the decentralized trading infrastructure
- Write open source TypeScript & Python clients that allow users to interact directly with our on-chain smart contracts
- Work together with multi-functional teams to develop the best overall product
- Architect performant and reliable backend systems that support decentralized, transparent financial transactions
- Mentor and develop junior engineers, promoting best practices in open-source and blockchain software development
- You've worked on high quality products in the finance or security space
- Interest in fullstack development. Experience building Web Services, SQL, CSS, React, Redux
- You have an strong interest in decentralized finance
- You have experience building blockchain applications / smart contracts
- CS Degree or equivalent experience
- Salary range for this role is $210K to $270K USD (NY). Compensation subject to experience and location. Published salary bands pursuant to transparency laws, and do not include possible variable compensation such as annual merit increases, bonus eligibility, commission, or equity incentive.
dYdX is a decentralized trading platform for crypto assets that offers margin trading, borrowing, and lending on Ethereum smart contracts. Its products include margin trading with up to 10x leverage, perpetual contracts (no expiry), borrowing directly to user wallets, and lending where users earn interest on deposits. It uses smart contracts to automate and securely settle trades and loans, with activity recorded on the public Ethereum ledger for transparency. The platform differentiates itself by providing a decentralized and trustless environment where users maintain control of their funds, reducing counterparty risk, and by offering features like portfolio management, stop orders, and limit orders within a DeFi framework. Its goal is to make decentralized finance secure, transparent, and accessible to serious crypto traders and investors by replicating traditional financial services in a decentralized manner.
Company Size
51-200
Company Stage
Series C
Total Funding
$95M
Headquarters
San Francisco, California
Founded
2017
Simplify's Take
What believers are saying
- Q4 2025 trading volume of $34.3B marks strongest quarter; weekly active traders reached 12,700.
- Pocket Protector acquisition enables social trading features to compete with Bybit and OKX.
- Permissioned Keys unlock institutional and algorithmic trading segments previously underserved by DEXs.
What critics are saying
- Permissionless listings enable pump-and-dump schemes; regulatory scrutiny threatens protocol viability.
- MegaVault's 177% APY unsustainable; yield normalization triggers mass withdrawals and liquidations.
- Smart contract vulnerabilities in MegaVault or market infrastructure risk protocol-level exploits.
What makes dYdX unique
- Permissionless market creation captures first-mover advantage in emerging perpetual trading pairs.
- MegaVault's automated liquidity allocation reduces fragmentation in low-liquidity token markets.
- Multi-chain wallet integrations (Phantom, Keplr, MetaMask) expand addressable user base significantly.
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Benefits
Health: We offer top-tier health, dental, and vision insurance.
Food: Enjoy fully catered lunch and snacks every day each week
Vacation: Take as much time off as you need to be productive
Ownership: Meaningful equity and competitive compensation.
Wellness: Monthly fitness, wellness, and gym reimbursements.
Relaxation: Events, offsites, and board game nights with the team!
Growth & Insights and Company News
6 month growth
↑ 3%1 year growth
↑ 2%2 year growth
↑ 1%The dYdX Foundation held its January analyst call on 20 January 2026, featuring Wintermute and reviewing protocol performance through year-end 2025. According to the 2025 Annual Ecosystem Report, dYdX facilitated approximately $1.6 trillion in cumulative trading volume across all protocol versions, with $64.7 million in cumulative protocol fees from dYdX v4. Quarterly trading volume recovered from $16 billion in Q2 to $34.3 billion in Q4, the strongest quarter of 2025. Weekly active traders reached approximately 12,700 in Q4, whilst protocol fees totalled $16.86 million for the year. Token metrics showed 83% of DYDX supply unlocked, with holders increasing 85% year-over-year to 98,000. Over 34,000 addresses participate in staking, with approximately 237 million DYDX staked to validators.
Web3 MMO Gigaverse has raised $2M in its first funding round to boost growth and expand its player-driven ecosystem. The round was led by 1confirmation, an early investor in OpenSea and dYdX, with support from over 40 crypto and gaming figures. Since its early 2024 launch, Gigaverse has generated $4.5M in revenue and $9M in peer-to-peer trading, attracting over 75,000 paying players.
The dYdX Foundation raised $8M in DYDX tokens to launch a new Grants Program with a 12-18 month runway, focusing on infrastructure, growth, and research to boost the ecosystem. This initiative could drive DYDX token demand and price action, with potential short-term surges of 10-20%. Traders should watch key levels at $1.50 and $2.00 for DYDX/USDT. The program may enhance protocol efficiency and attract more users, impacting on-chain metrics and trading volumes.
The acquisition aims to expand dYdX’s product into social and user-driven trading features as it looks to scale.
BioLumic Inc. closed an oversubscribed Series B Extension, raising $8.3 million to accelerate commercialization of its xTraits™ technology, which uses light signals to activate non-GMO seed traits in crops like corn, rice, and soybean. The funding, led by Ki Tua Fund, Azolla Ventures, and iSelect Fund, aims to capture 10% of the non-transgenic seed trait market in five years, enhancing yield and sustainability while reducing development time and cost.