DeFi Operations Specialist

Job description

About Bullish Bullish is an institutionally focused global digital asset platform that provides market infrastructure and information services.

These include: Bullish Exchange – a regulated and institutionally focused digital assets spot and derivatives exchange, integrating a high-performance central limit order book matching engine with automated market making to provide deep and predictable liquidity. Bullish Exchange is regulated in Germany, Hong Kong, and Gibraltar. CoinDesk Indices – a collection of tradable proprietary and single-asset benchmarks and indices that track the performance of digital assets for global institutions in the digital assets and traditional finance industries.

CoinDesk Data - a broad suite of digital assets market data and analytics, providing real-time insights into prices, trends, and market dynamics. CoinDesk Insights – a digital asset media and events provider and operator of Coindesk.com , a digital media platform that covers news and insights about digital assets, the underlying markets, policy, and blockchain technology.

Reports to: Head of BTH & Treasury Operations About Bullish & BTH Bullish (NYSE: BLSH) is a premier, institutionally focused digital asset platform combining a high-performance central limit order book with decentralized finance (DeFi) liquidity mechanics under a robust regulated framework. BTH is the strategic engine driving the Bullish Group’s proprietary trading, capital deployment, and treasury yield optimization.

BTH is highly active across centralized and decentralized markets, utilizing advanced algorithmic liquidity provisioning and navigating dozens of DeFi protocols to maximize the capital efficiency of our native balance sheet.

Position Overview

We are seeking a highly analytical, execution-driven DeFi Operations Specialist to join BTH. This role sits at the intersection of traditional treasury management and cutting-edge decentralized finance. You will be responsible for the day-to-day execution, risk monitoring, and operational lifecycle of capital deployed across automated market makers (AMMs), lending/borrowing markets, and native yield protocols. The ideal candidate possesses deep on-chain literacy, a firm understanding of crypto-economic incentives, and an institutional mindset regarding capital preservation, interest rate tracking, and risk infrastructure.

Note

This role can be based in the Cayman Islands or New York.

Responsibilities

On-Chain Execution & Protocol Management: Safely execute capital deployment, rebalancing, supply, and borrow actions across major DeFi protocols (e.g., Aave, Morpho, Curve, Uniswap, etc.) under firm-approved guardrails.

Yield Optimization & Interest Rate Tracking

Actively monitor interest rate fluctuations, borrow costs, and utilization rates across different EVM and non-EVM networks. Identify inefficiencies and map out capital reallocation strategies to optimize net interest margins.

Wallet & Custody Operations

Manage institutional-grade multi-sig workflows, warm/cold wallet setups, and secure cross-chain bridging infrastructure. Assure strict adherence to operational security protocols.

Reconciliation & Settlements

Assist in daily reconciliation of deployed capital, collateral ratios, accrued interest, earned yield, and reward token harvests. Interface directly with internal accounting and finance teams.

Risk & Liquidation Monitoring

Proactively monitor health factors, collateralization ratios, and protocol-specific risk profiles (e.g., bad debt accumulation, oracle health, de-pegging risks) to prevent liquidation events.

Financial Modeling & Analytics

Maintain and improve quantitative models evaluating yield sensitivity, liquidity depth, and partnership economics for prospective new DeFi integrations.

Experience & Qualifications

Ops Experience: 5+ years in a financial operations, trading support, or treasury management role, with at least 1-2 years of professional experience directly within Web3/DeFi.

DeFi Protocol Mastery

Deep knowledge of DeFI Protocols, lend/borrow dynamics (over-collateralization, variable vs. fixed rates) and yield mechanics (liquid staking/restaking tokens, LP provisioning).

On-Chain Literacy

Proficient with block explorers (Etherscan, Solscan, etc.), institutional infrastructure (Fireblocks, Fordefi), and hardware security modules.

Financial & Macro Acumen

Strong foundational knowledge of traditional finance principles, specifically yield curves, time-value of money, interest rate derivatives, and risk-adjusted return profiles.

Technical Skills

Advanced Excel/Google Sheets modeling capability. Familiarity with Python, SQL, or Dune Analytics to query on-chain data would be helpful.

Mindset

Extreme attention to detail. Capable of operating calmly and methodically in a fast-paced, high-stakes 24/7 trading environment. Bullish US LLC & CoinDesk Inc. are committed to offering competitive compensation and benefits. The anticipated base salary for this position is $100,000 - $145,000 + discretionary annual target bonus + performance incentives/benefits. Offered salary will be reflective of job related knowledge, skills and commensurate experience.

Bullish is proud to be an equal opportunity employer. We are fast evolving and striving towards being a globally-diverse community. With integrity at our core, our success is driven by a talented team of individuals and the different perspectives they are encouraged to bring to work every day.