Prometheus Research Labs (PRL)

Prometheus Research Labs (PRL) is the team behind Poolside, an AMM for value-accruing assets and Buttonwood, a tranching protocol for liquidation-free debt.

Prometheus Research Labs (PRL) is a software development team creating and implementing various DeFi protocols for the Buttonwood Foundation, including liquidity aggregation, price-stabilization wrappers, governance, peer-to-peer lending, and risk stratification. PRL’s approach to innovation focuses on composability; smart contracts are designed to be building blocks, not walled gardens. Thus, they are open-source and as minimal as possible—we seek to build primitives to be used by the entirety of digital finance, not platforms to extract value from the ecosystem.

We are a team of historians, engineers, and designers, united by the belief that DeFi is not yet the future of finance—it is still struggling to reproduce financial products that have been around for hundreds of years. To build the a new financial system, we must first rebuild old finance in a truly decentralized form.

Thus, our mission is historically inspired—financial innovation has proceeded in episodic bursts on the back of key inventions that rapidly spread in decentralized financial networks. We believe historically-tested primitives can catalyze a transformation in how DeFi works and help give birth to tradeable fixed-income markets, collateralized leverage tokens, and, eventually, a fully decentralized “dollar.”

### Buttonwood

Previous PRL projects include a liquidation-free debt protocol (Button Zero) and a double-sided auctions protocol (Button Auctions) under the Buttonwood brand. Other innovations built on top of Buttonwood include a flatcoin called SPOT built by Ampleforth and a convertible-debt market called HourGlass.

The Buttonwood Foundation is backed by True Ventures, Framework Ventures, BlockTower Capital, NfX, Bitfinex/Tether, Mechanism Capital, Bixin, Founders Collective, and numerous DeFi founders (including from Coingecko, Balancer, Cozy, Syndicate, and many more).

### Poolside

On existing AMMs, liquidity providers (LPs) suffer predictable losses for value-accruing tokens. This market is rapidly growing and includes the following: liquid staking derivatives (LSDs), real world assets (RWAs), rebasing commodities, appreciating collateral tokens, and vault shares.

After every value-accrual event, the swap ratio is mispriced and traders can arbitrage value out of the pool. Poolside solves for this by introducing a novel mechanism called reservoirs.

## About You

Great PRL engineers are self-driven, passionate, innovative, and have an affinity for thoroughly designing and thinking through complex systems.

As a DeFi engineer, you will work on frontend development to create reusable and scalable UI-components for an ecosystem of dApps.

You are incredibly curious in general, and passionate about DeFi specifically. You are excited to think about what DeFi can do and are not shy about new products and approaches.

Last but not least, we are a small team. You have a track record of improving how you work in teams, including working on clarity, frequency of communication, and helping others. You value robustness, minimalism, and speed in your code.

Prometheus Research Labs (PRL) is the team behind Poolside, an AMM for value-accruing assets and Buttonwood, a tranching protocol for liquidation-free debt.

Prometheus Research Labs (PRL) is a software development team creating and implementing various DeFi protocols for the Buttonwood Foundation, including liquidity aggregation, price-stabilization wrappers, governance, peer-to-peer lending, and risk stratification. PRL’s approach to innovation focuses on composability; smart contracts are designed to be building blocks, not walled gardens. Thus, they are open-source and as minimal as possible—we seek to build primitives to be used by the entirety of digital finance, not platforms to extract value from the ecosystem.

We are a team of historians, engineers, and designers, united by the belief that DeFi is not yet the future of finance—it is still struggling to reproduce financial products that have been around for hundreds of years. To build the a new financial system, we must first rebuild old finance in a truly decentralized form.

Thus, our mission is historically inspired—financial innovation has proceeded in episodic bursts on the back of key inventions that rapidly spread in decentralized financial networks. We believe historically-tested primitives can catalyze a transformation in how DeFi works and help give birth to tradeable fixed-income markets, collateralized leverage tokens, and, eventually, a fully decentralized “dollar.”

Comprehensive Insurance, flexible hours, equipment allowance, unlimited vacation

Hybrid working, horizontal management.