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P2P

Investment Associate (with focus on Liquid Strategies)

P2P, New York, New York, us, 10261

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About Wintermute Wintermute is one of the largest crypto native algorithmic trading companies in digital assets. We provide liquidity across most cryptocurrency exchanges and trading platforms, a broad range of OTC trading solutions as well as support high profile blockchain projects and traditional financial institutions moving into crypto. Wintermute also has a Wintermute Ventures arm that invests in early stage DeFi projects. Wintermute was founded in 2017 and has successfully navigated industry cycles. Culturally, we combine the best of the two worlds: the technology standards of high-frequency trading firms in traditional markets and the innovative and entrepreneurial culture of technology startups. We believe in the innovative potential of blockchain and the long-term view on the digital asset market, taking a leadership position in building an innovative and compliant market. About Wintermute Ventures Wintermute Ventures is the investment arm of Wintermute. Drawing from Wintermute's expertise in pioneering DeFi trading and powering liquidity across the entire ecosystem, Wintermute Ventures backs early-stage Web3 projects with hands-on support. Focused on long-term growth, the company takes a flexible approach, investing from early ideation to later-stage expansion. Committed to developing strategic relationships and driving positive outcomes, Wintermute Ventures prioritizes decentralized ownership and aligns investments with the company’s broader vision of a decentralized future. Since 2020, it has invested in over 120 projects. Alongside our venture portfolio, we actively manage a substantial liquid token portfolio spanning L1s/L2s, DeFi, infrastructure, and emerging ecosystems. We are now looking for an Investment Associate to join our investment team to focus on liquid strategies. This role is ideal for someone passionate about crypto markets who thrives at the intersection of fundamental research, market structure, and idea generation. Your role at Wintermute Ventures requires flexibility and adaptability, with responsibilities across the investment lifecycle, including liquid token investing, management of the existing token portfolio, and early crypto venture investing. Responsibilities

Sourcing:

Source and evaluate new liquid investment opportunities across tokens, protocols, and ecosystems. Analysis:

Develop investment theses on high-conviction liquid tokens by combining fundamental, quantitative, and on-chain analysis. This includes analysing market and investment trends in the blockchain industry, market research, data collection and feasibility studies on potential blockchain investments. Due Diligence:

Perform due diligence on investment prospects to drive investment decisions, including market research, product reviews, competitive analysis, metrics analysis, customer/user reviews, and technical diligence. Portfolio Work:

Monitor and analyse the performance of the existing liquid token portfolio. Track key catalysts, risks, and market structure for current holdings. Support portfolio optimization and risk management decisions. Ecosystem Building:

Be an active contributor to the blockchain/cryptocurrencies community by organizing activities, participating in local events, and helping grow the Wintermute Ventures franchise, especially with the New York community. Admin:

Assist with administrative projects such as liaising and coordinating with internal and external parties including auditors, custody providers, cap table management software, and general administrative support across the venture business. Hard Skills Requirements

Strong network in the NYC crypto ecosystem to source crypto venture deals. Foundational experience in constructing derivatives strategies, including options and perpetuals, and executing these strategies OTC and on-screen. Ability to identify, analyse and execute yield strategies across money market protocols (borrowing and lending), staking and yield farming opportunities. Experience interacting with DeFi protocols via multisigs and a native understanding of blockchain technology with experience reviewing white papers or crypto projects. On-chain analytics: Proficiency with tools like Dune, Nansen, Token Terminal, Artemis, DeFiLlama, Glassnode, or ability to query on-chain data directly. Know-your-way around CT / Discord / contracts on Etherscan to enhance your insight funnel. Tokenomics and valuation modeling: Ability to build and stress-test token models (supply schedules, FDV vs. circulating, emissions, staking yields, etc.). Bachelor degree in Computer Science, Finance, Economics or related field, or equivalent practical experience. A minimum of 3 years of experience in investment research, trading, equity research, hedge funds, or venture capital (liquid crypto experience strongly preferred). The ability to think analytically and strategically about investment decisions and ongoing work with existing portfolio companies. The ability to work well within a team and be self-guided on a day-to-day basis. Strong written and analytical skills for deal analysis and internal reporting. Strong relationship-building skills and enjoy networking with project founders and the broader community. Nice to have

A technical background or experience in data science is a plus. SQL / Python: Strong data analysis skills (e.g., writing SQL queries, Python for data wrangling, backtesting strategies, API integrations). Perks

Engaging projects offering accelerated responsibility and ownership compared to traditional finance environments. A performance-based compensation with significant earning potential alongside standard perks like 401(k) and private health insurance. Flat company structure: your ideas get heard quickly by the right people. A vibrant working culture with team meals, festive celebrations, gaming events and company-wide team building events. A cool office in central London, New York & Singapore. Work flexibility: This role is located in New York City and will be a hybrid role with flexibility for partial remote work (dynamic arrangement based on business needs).

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