Based on qualifications and experience
We are looking for a Software Engineer, Backend Systems with production Rust experience to join our team in San Francisco. You will be instrumental in building the backend infrastructure behind our real-time trading platform. We are seeking a candidate with a strong command of asynchronous programming, systems knowledge, and a performance-driven mindset who thrives in a high-bandwidth, collaborative in-person environment.
What will you be doing?
Build and maintain risk and liquidation engines to manage risk and improve capital efficiency in volatile markets.
Design and implement the blockchain state machines that power trading, settlement, and risk operations.
Develop services that maintain consistent state across asynchronous processes using voting, consensus, and coordination mechanisms.
Process live market data and coordinate actions across trading venues, managing WebSocket streams and time-sensitive workflows.
Build high-performance REST and WebSocket APIs that power the trading interface with millisecond-level response times.
What we're building:
The only front end trading app you'll ever need. The current trading set up for retail traders in crypto is fragmented across three different front ends while interacting through a chrome browser extension wallet. This cannot be optimal user experience. Endless bridging, fragmentation of liquidity and multiple new venues every year make it confusing and dangerous for new users. Fullstack will not only be the only venue you need, but Fullstack will also be the place where you send your new friends to sign up to trade because they will be able to access every product they want (Perps, Crosschain Spot, Prediction Markets) all from one seamless portfolio margin trading experience.
Users in Crypto optimize for convenience and reduction of fragmentation. One unified trading product for all relevant aspects of Crypto trading via unified collateral is a $10B+ Company with hundreds of millions of dollars of revenue.
How we're building it:
Blockchain under the hood, users will post collateral on our systems and we'll extend USDC collateral on venues of their choice. We will bring the venues to the user, as opposed to the user having to go to other venues. Users will be able to post various forms of collateral and eventually be able to trade on Hyperliquid without needing to sell down collateral.
Why we'll win:
Flood founded Insilico Terminal, the #1 Order execution and management system for Centralized Exchanges (OEMS). It's done over $900B in retail trading volume, and acheieved over 90% market share. Everyday, it does about 2-3% of Hyperliquid's volume.
Robin was running one of the top onchain and centralized exchange HFT firms in the world, of which Flood was the sole LP in for a few years. Robin has a background in engineering low latency systems, and has done some of largest systematic volume on most chains in Crypto.
We have the best distribution and some of the best talent in crypto. We've demonstrated the ability to dominate in a similar field with an inferior product. Multi asset margin for onchain trading is a 0 to 1.
Why this sector:
Perpetual swaps are the largest sector by revenue in Crypto. Perpetual swaps are the optimal way for retail traders to speculate on asset prices. Linear products, with linear payoffs are always better than convex, complicated products (options). Retail doesn't want convexity, they just want leverage. 0DTE options are the most traded product, which become more linear in payoff as they get closer to expiration.
Centralized Exchange perpetual swaps have grown double digit percentages YoY for a decade. Decentralized Exchange perpetual swaps are a relatively new sector which experienced 700%+ growth since 2024 (launch of Hyperliquid).
Goals:
Become the dominant front end for Trading Crypto, full stop. Trade any relevant asset, on any relevant venue using one unified balance in one front end. Create the platform that the next 100,000,000 users get sent by their friends to onboard to.