Douro Labs is the core development team behind the Pyth Network. We're looking for a Market Analyst to track the crypto markets, specifically prediction markets and perpetual futures, and turn that understanding into business opportunities for Pyth.
This role is for an analyst who can read the market and explain why it matters to us: someone who can pull on-chain and venue data to quantify a new trend one hour and write the report that convinces the team to act on it the next. You will serve as our eyes on two of the fastest-moving areas in crypto, covering the market side (monitoring events, trader conversations, volumes, and new venues across prediction markets and perps) and the product side (translating that research into a clear picture of our users and concrete opportunities for Pyth).
Location: Remote (US or Europe)
Type: Full-time
Reports to: Head of Technical Operations
About Our Team and Your Role
We are a well-rounded team: half of us are tech whizzes, while the other half excel in building partnerships with institutional clients, prime brokers, and the global financial infrastructure community. Curiosity and rigor are key to how we operate.
Remote Work: Our team is spread across the globe, from the US and South America to Europe and Asia. We are a digital-first organization where remote work is the norm.
Startup-level Speed: We thrive in the dynamic DeFi space and need an analyst who can go from question to answer quickly, without waiting for direction.
The Mission: You will be shaping how Pyth grows in prediction markets and perpetual futures. As these markets expand and new venues launch, your research will inform where we build next and how we serve the teams building on our data.
About the Role
This is a hybrid research/strategy role. At the outset, you'll monitor prediction markets and perps day to day and connect what's happening to our business. Over time, your research is expected to directly shape product decisions and new opportunities across Pyth.
We want research that leads to action: every piece of work should end with a clear view on what it means for Pyth and what we should do about it.
Responsibilities
Market Monitoring
Track news, launches, and structural shifts across prediction markets and perpetual futures
Monitor the conversations where traders are active, including X, Discord servers, Telegram groups, and other trader communities, to spot sentiment shifts and emerging trends early
Follow volumes, open interest, funding rates, and market share across major venues
Connect recent events to their impact on Pyth and share timely takeaways with the team
Maintain a current view of the competitive landscape, including oracles and data providers serving these markets
User Research
Research prediction market and perps protocols to understand how they use price data
Map who our users are, what they need, and where current solutions fall short
Build dashboards and datasets the team can use to follow these markets
Product Opportunities
Turn research findings into concrete product ideas for Pyth
Size opportunities using market and on-chain data
Work with product, engineering, and BD to prioritize and pressure-test ideas
Track how launched initiatives perform against the original thesis
Research and Reporting
Write clear, convincing research reports for internal and external audiences
Present findings and recommendations to leadership
Build a repeatable research process the team can rely on
About You
Background as an analyst at a crypto research firm or in a research/data role at a perps exchange or prediction market
Deep understanding of prediction market and perpetual futures market structure
Active in trader communities and comfortable picking up signal from X, Discord, and Telegram
Proficient with data analysis tools (SQL, Python, Dune or similar)
Strong writer with a track record of research that drives decisions
Analytical and a self-starter, comfortable owning a research agenda independently
Comfortable with startup pace and evolving scope
Think you've got what it takes to build the most talented team in the world? We'd love to meet you.