Senior Researcher, Cryptoeconomics

Monad Labs is a venture-backed startup building the Monad blockchain, a new high-performance EVM Layer-1 blockchain introducing superscalar pipelining to the Ethereum Virtual Machine. Monad introduces pipelining to improve bottlenecks in state access, smart contract execution, and distributed consensus to improve the performance-decentralization frontier and help decentralized apps scale.

Our team currently hails mostly from high-frequency trading and kernel driver development. Our technical founders met in 2014 at Jump Trading and have been working on low-latency scalable systems since then. After raising $19M from Dragonfly Capital, Placeholder Capital, Naval Ravikant, and other leaders in the crypto space, our team is hiring exceptional researchers and engineers who want to work on challenging problems that help decentralized systems scale.

The Role

We are looking for an exceptional Senior Researcher with significant academic and applied experience in economics, particularly in the context of permissionless blockchains. You will play a leading role in designing rules and mechanisms in Monad that keep the decentralized network running smoothly. You’ll be designing mechanisms that optimize for decentralization, economic security, spam prevention, compatibility with existing infrastructure, and ease of use.

You will work closely with our engineering team to design and test various mechanisms. You’ll draw on your extensive knowledge and opinions on mechanisms in existing blockchains to evaluate options for Monad’s design that optimize its security, decentralization, and performance. You’ll work on a variety of areas, such as transaction ordering, staking, and consensus. Most importantly, your work will help our team avoid security threats and the threat of centralization.

Your work will be vital to Monad’s success and will allow Monad to scale safely to hundreds of millions of users.

Requirements

Prior experience/skills:

• Excellent knowledge of mechanisms and policies in existing blockchains, with strong opinions on the strengths and weaknesses of existing mechanisms. Example areas we’d expect you to have good knowledge of:
  • Transaction ordering/MEV (both mechanically how MEV “works” in Ethereum, including architectural changes post-Merge, and its consequences, e.g. to decentralization)
  • Staking and economic security (delegation economics; slashing conditions; stake pools)
  • Consensus mechanisms (pBFT, tendermint, Gasper)
  • Spam prevention
  • Trustlessness and decentralization (light clients; merkle proofs; security guarantees of various L1s and rollups)
• Excellent knowledge of major DeFi primitives (AMMs, bridges, oracles, etc)
• Excellent technical communication skills

Required personal attributes:

• Extreme technical curiosity
• Attention to detail
• Creativity
• Resourcefulness and independence
• Clarity of thought
• Enthusiasm about learning and teaching
• Enthusiasm for Monad’s mission of enabling far more decentralized computation

Bonuses:

• Previous experience at a L1 or L2 blockchain protocol
• Experience with applied cryptography
• Experience with distributed systems
• Experience with game theory
• Ability to code, e.g. for implementing simulations

What you’ll be doing

• You’ll design and evaluate mechanisms that optimize for economic security, decentralization, performance, compatibility with existing infrastructure, and ease of use. A few example areas include transaction ordering (PGA vs flashbots/PBS); staking; liquid staking; spam prevention; on-chain randomness; light clients.
• You’ll evaluate potential attack vectors and evaluate ways to mitigate the threat of attacks.
• You’ll advise the team on technical merits of other systems that are potential partners, such as bridges and DeFi protocols.
• You’ll stay up to date on mechanism design in other blockchains and develop opinions on various practices
• You’ll collaborate with our engineering team to design and test new mechanism options.
• You’ll write about your findings for both internal and public audiences.

Why work with us

• You’ll work on extremely challenging problems with massive potential impact
• You’ll work with and learn from a small, exceptional team
• You’ll receive a competitive sala