[Hiring] Head of Risk, Clearing & Oracles @Launch Legends

Role Description

We’re offering a unique opportunity to join Launch Legends (and Autheo) as a part-time Equity Cofounder. Founded in July 2021, Launch Legends is at the forefront of bridging Web3 blockchain technology with the next evolution of Web2 integration—bringing businesses on-chain through enterprise-grade solutions, DePIN innovations, and decentralized financial infrastructure.

Key Responsibilities

• Write the v1 risk spec: initial margin, maintenance margin, leverage caps by market, and the reason a compute future is not BTC.
• Own funding-rate policy and mark price. Index, mark, and last trade do not get to drift without a rule.
• Specify liquidation, partial liquidation, and auto-deleveraging, including the order in which the insurance fund is used.
• Size and govern the insurance fund: what funds it, what drains it, and what happens when it is empty.
• Design the oracle for each v1 market. Crypto perps may use an existing price feed. Infra, RWA, and agent markets need a source, a publisher set, a heartbeat, and a failure mode.
• Write the manipulation case for every non-crypto underlying: stale meter, sponsored utilization, a single publisher, an RWA NAV that does not mark, an agent SLA that can be gamed.
• Define the handoff the matcher will call: margin check, mark update, liquidation trigger. Head of Trading Systems owns the call. You own the answer.
• Set listing gates with the GM. No infra, RWA, or agent market goes up without an oracle and a liquidation rule signed by this seat.
• Publish the crash-day runbook: oracle halt, crossed book, insurance fund draw, ADL, and who is allowed to pause a market.
• Report risk exceptions to the GM. Open interest, insurance-fund balance, oracle staleness, and near-liquidation concentration are operating numbers, not a monthly slide.

Qualifications

• Has run or designed margin, liquidation, and an insurance fund on a live perp venue, or on a desk that cleared one.
• Can derive a funding rate and a mark price, and can say what happens when mark and index diverge.
• Has specified an oracle with a heartbeat, a deviation cap, and a behavior for silence. A vendor logo is not an oracle design.
• Can design margin for at least one underlying that is not a crypto spot price: an infra meter, an RWA NAV, or an agent SLA.
• Will write the risk paper before the market lists, and will hold a listing that does not have an oracle.
• Can sit next to a matching team without taking their engine, and next to a GM without taking their fee schedule.

Nice to Have

• Time on dYdX, Hyperliquid, Lighter, GMX, Gains, Ostium, trade.xyz, or a Jump, Wintermute, HRT, or Citadel crypto risk seat.
• Worked a non-crypto perp: equity index, commodity, FX, pre-IPO, or an RWA book with a named oracle.
• Familiarity with Gauntlet, Chaos Labs, or an in-house risk parameter process.
• Cosmos or EVM settlement enough to know where margin state has to live.
• Judgment on what an agent-as-counterparty does to liquidation. TheoID may identify the agent. It does not pay the margin call.

First 90-Day Deliverables

• Risk paper: margin, funding, mark, liquidation, ADL, insurance fund, and the pause rule.
• Oracle spec for the v1 set: THEO spot, two to three crypto perps, one infra future, one RWA, one agent-credit or agent-SLA market. Each non-crypto market names a source.
• Manipulation note for the three non-crypto markets, one page each.
• Interface contract for the matcher: margin check, mark update, liquidation trigger, and the reject codes.
• Insurance-fund policy: funding source, draw order, and the empty-fund behavior.
• Crash-day runbook the GM can execute without this seat on the call.

Benefits

• This is a part-time equity/token-based cofounder opportunity.
• You will receive equity in Launch Legends, Autheo, and the WFO Creator Network.
• Token allocations in the Autheo blockchain.
• Salaried compensation is expected to begin within 4 to 5 months, following our node, token sales, or funding.