The vacancy is well-defined with clear compensation and aligned requirements, but lacks tech stack details and direct company links.
Job description
Ethena Labs is actively building and deploying a suite of groundbreaking digital dollar products aiming to upgrade money into the internet era. Our flagship product, USDe, is a synthetic dollar backed by digital assets, and takes the novel approach of using a delta-neutral hedged basis strategy to maintain its peg. This product scaled from zero to $15b in 18 months. Expanding on this, iUSDe is designed specifically for traditional financial institutions, incorporating necessary compliance features to enable them to access the crypto-native rewards our protocol generates, in an institutional-friendly manner. Ethena has also developed USDtb: a fiat backed GENIUS compliant stablecoin in partnership with BlackRock which has scaled to ~$2b. These products are also offered in a whitelabel stablecoin offering where any application, chain, wallet or exchange can launch their own stablecoin on Ethena's back-end infrastructure. Through these offerings, Ethena Labs is not just creating new financial products; we are building the foundational infrastructure for a more open, efficient, and interconnected global financial system.
Responsibilities
- Lead the effort to originate loans with new counterparties, meeting strategic goals to scale the total loan book.
- Serve as the primary owner for Ethena's secured lending relationships.
- Champion within the trading team the potential to grow the secured lending allocation of the backing assets of USDe.
- Create new secured loan structures with Ethena's partners.
Requirements
- Seasoned experience in credit risk, counterparty risk, or financial markets risk analysis.
- Secured lending background in digital assets.
- Strong understanding of the secured lending market in the digital asset space.
- Proven ability to negotiate lending agreement terms and close complex deals.
- Strong financial and quantitative analytical skills.
- Comfort working in a high-trust, flat hierarchy.
Conditions
- Join a successful crypto-native company with a mission to revolutionize decentralized finance.
- Work alongside a passionate and innovative team.
- Enjoy a flexible, remote-friendly work environment.
- Opportunities for personal growth and learning.
About Ethena Labs
Ethena Labs is a decentralized finance protocol built on Ethereum that issues synthetic dollar assets designed to function independently of traditional banking infrastructure. Its core product is USDe, a synthetic dollar backed by crypto collateral and delta-hedged derivatives, alongside sUSDe, a yield-bearing Internet Bond, and USDtb, a fiat-backed stablecoin.