Layer 2 Jobs

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Job Position Company Posted Location Salary Tags

Magna

Remote

$100k - $200k

Nubank

Sao Paulo, Brazil

$52k - $90k

Deutsche Bank

United States

$54k - $90k

Tassat

New York, NY, United States

$135k - $155k

Space and Time

Los Angeles, CA, United States

$72k - $84k

Palm NFT Studio

New York, NY, United States

$72k - $75k

GameStop

United States

$72k - $100k

Polygon

United States

$63k - $90k

Beamin

United States

$51k - $90k

Qredo

Amsterdam, Netherlands

$85k - $150k

Status

Remote

$63k - $75k

Status

Remote

$63k - $85k

Immutable

Australia

$63k - $90k

Syntropy

Berlin, Germany

$54k - $75k

Immutable

Remote

$72k - $100k

Magna
$100k - $200k
New York New York US
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About Magna

Magna’s goal is to be the one-stop solution for all token-based crypto companies who want to track outstanding and promised token allocations, automate the distribution of those tokens, and manage information about their stakeholders. Some liken us to “Carta for Web3”.

Our mission is to make it easier for crypto companies to manage their tokens and tokenholders so that they can focus on their product and not custom internal tools and smart contracts as they scale. We work with projects of all sizes throughout various L1 & L2 ecosystems.

Tokens are amongst the core assets crypto companies use to compensate and incentivize investors, employees, advisors, and even community members. The most common use cases for Magna include:

  • Token Vesting to employees and investors - Automated token distribution based on custom unlock schedules.

  • Token Streaming - Continuous distribution of tokens to stakeholders.

  • Airdrops - Vested airdrops to community members.

  • Programmable Unlocks – Distributing tokens using our SDK based on contract interactions or in-app/in-game accomplishments.

  • Stakeholder Management – Tracking tax liability and legal filings for tokenholders and more.

Magna’s platform is used by investors, employees, accountants, lawyers, and other key stakeholders throughout the crypto ecosystem.

Why Work at Magna?

  • We’re a highly technical team

  • We’re a well-funded company with runway that can last us through the bear market (as long as that may be)

  • A downtown Manhattan office with our own rooftop – we operate on a hybrid model, where most employees come in a couple of times per week.

  • Hardware — Whatever you need to get things done, plus a stipend to set up your home office.

  • Learning budget — Buy courses and attend conferences or hackathons.

  • Unlimited Vacation — Take time off when you need it - 2 week minimum.

  • Top-notch healthcare plans — We offer the best available platinum PPO and other similar plans that give you the most options with the lowest deductibles.

About the Role

Build the future of token operations with us by designing and implementing software architecture that scales. We’re looking for someone comfortable going from zero-to-one and rapidly iterating on hackathon->

What you’ll do

  • Work on the forefront of token distribution technology at the infrastructure level, solving edge-cases around token distribution, writing smart contracts for tokens worth millions of dollars

  • Build polished user experiences and applications

  • Where appropriate, ensure code modularity in the code written by the team through peer code-reviews, to increase our team’s velocity and make our code infrastructure more scalable

  • Write tests to make sure that things work when we ship them. If our users can’t use the app, they can’t get paid!

What we’re looking for

  • Experience working with data-intensive applications, or apps used by tens of thousands of users

  • Comfortable working in sprint cycles and willing to bite the bullet when critical issues pop up

  • Familiarity with our tech stack

  • Based in New York City and open to a hybrid work environment

Magna’s Tech Stack

Magna is a multi-chain dapp, and our stack includes TypeScript, Next.js, React and GraphQL, as well as the native languages for various blockchains (i.e. Solidity, Rust, Move).

Experience with any of these is nice to have , but not a requirement:

  • DevOps, infrastructure, or data analytics experience

  • Interfacing with smart contracts and blockchain via libraries (any blockchain).

  • Applications where security and integrity is extremely important (finance, fintech, government, etc.)

Reasons you might be the right candidate for this role:

  • Passion for engineering — genuine passion and curiosity for the craft that you bring to work each day

  • Good taste — You think critically about how you build what you build, and apply good judgment to every design and implementation decision along the way.

What is the meaning of Layer 2?

Layer 2 in the context of cryptocurrency and blockchain technology refers to a secondary framework or protocol that is built on top of an existing blockchain system (the main chain or Layer 1)

The primary purpose of Layer 2 solutions is to solve the scalability and speed issues that many blockchains face, especially those that have become popular and heavily used, like Ethereum

Here are the key aspects of Layer 2 solutions:

  1. Scalability Enhancement: They help in scaling the main blockchain by handling transactions off the main chain. This reduces the burden on the main chain, allowing for faster and cheaper transactions.
  2. Types of Layer 2 Solutions: There are various forms of Layer 2 solutions, including state channels, sidechains, plasma chains, and rollups. Each has its own mechanism for interacting with the main chain and handling transactions.
  3. State Channels: These involve two parties engaging in numerous transactions outside of the main chain, which are then consolidated into a single transaction. This is especially useful for situations where multiple transactions occur between the same parties.
  4. Sidechains: These are separate blockchains that are connected to the main chain via a two-way peg. They operate independently and can have their own consensus mechanisms but are secured by the main chain.
  5. Plasma Chains: Plasma chains are similar to sidechains but with a more hierarchical structure. They report back to the main chain regularly and are optimized for mass transaction handling.
  6. Rollups: Rollups process and store transaction data on a sidechain but post transaction data to the main chain. They come in two varieties: optimistic rollups and zk-rollups, each with its own method of transaction verification.
  7. Security Considerations: While Layer 2 solutions are generally secure, they can have different security models compared to the main chain. This is an important consideration for users and developers.
  8. Impact on User Experience: For end-users, Layer 2 solutions can greatly improve the experience by reducing transaction fees and increasing transaction speeds.
  9. Adoption and Development: Many blockchain projects are actively developing Layer 2 solutions to enhance their networks. This is an ongoing area of innovation in the blockchain space.