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London, Remote
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Head of Quant

Feb 1
$130K – $300K, 0.2% – 1%
Fully Remote

About Lemma

  • Lemma is building a stablecoin backed by delta neutral strategies. It is the first stablecoin that is fully decentralized, 100% capital efficient and only backed by ETH.

  • The first strategy we implemented is called basis trading. Basis trading is a delta neutral strategy that has historically generated some of the highest risk adjusted returns in crypto.

  • Lemma will then use the tech built for the stablecoin to create the first defi prime brokerage. You can think of it as a decentralized way to cross margin perpetual swaps + options + other derivative primitives.

  • Lemma team’s work experience includes engineering & design @ Matcha (0x product), quant @ Goldman Sachs, product @ Ocrolus, engineering @ Instadapp, Uber, Idle, Catnip

  • We recently raised ~7.3 million USD from Tier 1 investors that include Dragonfly, Standard Crypto, Nascent, Multicoin, Coinbase Ventures, Robot Ventures (Tarun Chitra + Robert Leshner) and from strategic partners and angels including Wintermute, GSR, Woo Network/Kronos, Perpetual Protocol, MCDEX…

About the job

We are looking for a head of quant to work closely with the co-founders and the engineering team to lead trading and risk management at Lemma.

Initial Responsibilities

  • Creating & backtesting delta neutral derivative strategies

  • Implementing those strategies with the help of our engineers

  • Engaging with the community on risk management & research

  • Build models and frameworks to better understand risks

Minimum qualifications

  • 2 years working at a hedge fund or defi protocol

  • Excellent quantitative and analytical skills

  • Solidity fundamentals & blockchain basics: transactions, wallets, smart contracts, double spend, transactions pool, mining

  • Have a general understanding overview of current defi landscape: DEX, aggregators, main protocols

  • Experience interacting with defi protocols - lending, staking, trading

  • English fluency & great communication skills

Preferred qualifications

  • Master or PHD in a quantitative discipline (math, computer science, economics…)

  • Professional cryptocurrency futures & options trading experience

  • Knowledge about different ETH L2s and other L1s (Solana, Avalanche, Near…)