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Ethena LabsEL

Staff/Senior Security Engineer - DeFi

Ethena Labs is a synthetic dollar protocol built on Ethereum, providing a crypto-native, yield-bearing stablecoin (USDe) and a globally accessible savings instrument, the 'Internet Bond', independent of traditional banking infrastructure.

Ethena Labs

Employee count: 11-50

Portugal only

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Who We Are and What We are Doing:

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.
Open job offerings will be focused on two new major product lines coming to market in the next few months.
Join us!!

The Role

We're hiring a Staff/Senior Security Engineer to lead our signing and treasury security program across wallets and custodian accounts. This is a high-impact, mission-critical role at the core of our business. Operating within the security department, you will partner closely with our core DeFi and trading teams to provide an objective security perspective while engineering safe, streamlined operational workflows.

Your mission is to own the verification layer between operator intent and signature: independently confirming destination addresses, approvals, and calldata against on-chain truth, never just what a UI displays. The work bridges complex on-chain security with daily operations, securing defensible audit trails, robust infrastructure, and controls built to scale with Ethena's growth.

What You’ll Do

  • Own the end-to-end design of our signing regime, including signer composition, thresholds, and intent communication, and continue evolving our pre-signature verification workflows for destination, calldata, and state-change confirmation.

  • Manage, maintain and continuously upgrade canonical address and contract allowlist system and infra that manages it, ensuring every whitelisting or approval action is checked against this list pre-signature, requiring documented review for any additions.

  • Operate and tighten real-time monitoring across wallets, custodians, and DeFi positions, keep it integrated with our SOC 2 incident-response workflows, and contribute to playbooks for evolving risk scenarios.

  • Run independent technical reviews of new protocol integrations and keep our risk register current as positions and dependencies evolve.

  • Continuously verify ERC-20 approval hygiene across the treasury, and partner with Finance on automated reconciliation between on-chain activity and accounting systems.

  • Own the process of producing the documentation of controls, tooling, and decisions that our auditors, underwriters, and institutional counterparties expect.

What We’re Looking For

  • Mastery of Solidity and the EVM; you can read arbitrary contracts and raw calldata without assistance. You are fluent in tools such as Tenderly, Foundry-based simulation, and trace analysis.

  • Deep practical experience with Gnosis Safe, Coinbase Prime, Anchorage, and Fireblocks. Strong understanding of the operational failure modes inherent in browser-based custodian extensions and hardware wallet signing flows.

  • Strong practitioner-level knowledge of DeFi protocols like Aave, Morpho, and Stargate. You understand risk parameters, oracle structures, and bridge message-passing mechanics.

  • A security-first mindset that assumes a hostile environment by default. You possess a "vigilance disposition" - you are energized by rigorous verification and are committed to maintaining safety standards even when facing operational pressure.

  • Proven ability to explain technical risks to non-technical stakeholders (COO team, executives, auditors). You are a self-starter comfortable owning infrastructure end-to-end and producing high-quality, audit-grade documentation.

Why Ethena Labs?

You'd be joining a group that has well established itself as one of the most successful crypto-native company's of all time, a group with a mission to revolutionise decentralised finance and it's position in global finance.
Work alongside a passionate and innovative team that values collaboration and creativity.
Enjoy a flexible, remote-friendly work environment with established opportunities for personal growth and learning.
If you subscribe to the mission of separating the dollar from the state, then we want to hear from you!
We look forward to receiving your application and will be in touch after having a chance to review.
In the meantime, here are some links to more information about Ethena Labs to help you check us out:

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Portugal +/- 0 hours

About Ethena Labs

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The genesis of Ethena Labs can be traced back to a compelling vision articulated by Arthur Hayes in his essay 'Dust on Crust', which imagined a truly decentralized, crypto-native stablecoin. This idea struck a chord with Guy Young, a professional with nearly a decade of experience in the upper echelons of traditional finance at firms like Cerberus Capital Management. Inspired by the potential to build a financial instrument free from the constraints of legacy banking infrastructure, Young founded Ethena Labs in 2023. The mission was clear and ambitious: to create the internet's own currency and a globally accessible savings vehicle, addressing what he saw as the most significant and immediate need within the crypto space.

Ethena emerged from stealth mode in July 2023, backed by a formidable $6 million seed round led by Dragonfly and supported by industry heavyweights like Arthur Hayes himself, alongside major exchanges such as Bybit, OKX, and Gemini. This initial funding was a powerful endorsement of their innovative approach. The company's core innovation is USDe, a 'synthetic dollar' that maintains its stability not by holding fiat currency in a bank, but through a sophisticated delta-hedging strategy. The protocol uses assets like staked Ethereum and Bitcoin as collateral while simultaneously holding short perpetual futures positions against them. This mechanism effectively neutralizes price volatility, creating a stable, scalable, and censorship-resistant digital dollar. Building on this foundation, Ethena introduced the 'Internet Bond' via sUSDe (staked USDe), which allows holders to earn a yield generated from the staked assets and the funding spread from the derivatives positions, creating a powerful, permissionless savings alternative for a global audience.

Employee benefits

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Flexible working hours

As a globally remote company, Ethena offers a diverse and inclusive workforce without the constraints of geographical boundaries.

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