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On-Chain Treasury & Liquidity Analyst
On-Chain Treasury & Liquidity AnalystPolygon • Boston, MA, US
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On-Chain Treasury & Liquidity Analyst

On-Chain Treasury & Liquidity Analyst

Polygon • Boston, MA, US
5 days ago
Job type
  • Full-time
Job description

On-Chain Liquidity Analyst

Polygon Labs is a software development company building and developing a network of aggregated blockchains via the Agglayer, secured by Ethereum. As public infrastructure, the Agglayer will bring together user bases and liquidity for any connected chain, and leverage Ethereum as a settlement layer. Polygon Labs has also contributed to the core development of several widely-adopted scaling protocols and tools for launching blockchains, including Agglayer CDK, Polygon PoS & Katana.

Your Role

As an On-Chain Liquidity Analyst at Polygon Labs, you will combine the analytical rigor of a corporate treasury professional with the hands-on execution of a DeFi and FX trader. You will actively manage Polygon Labs' on-chain balance sheet, deploying capital across decentralized finance (DeFi) protocols and liquidity venues, optimizing yield and capital efficiency, maintaining hedges across currencies, and ensuring full liquidity readiness to support both ecosystem growth and payments initiatives.

You'll collaborate closely with the Finance, Growth, Payments, and Business Operations teams to ensure Polygon Labs' on-chain assets are strategically deployed, risk-controlled, and aligned with broader ecosystem objectives.

Your Responsibilities

1. Liquidity and Market Management

  • Develop and execute liquidity management systems across lending protocols, spot DEXs, and perpetual DEXs.
  • Implement active liquidity provisioning strategies in concentrated liquidity pools using automated rebalancing and hedging systems across multiple assets.
  • Utilize POL and POL LSTs as collateral to extend available liquidity.
  • Collaborate with the Growth team to identify liquidity gaps and co-develop initiatives that enhance liquidity depth on Polygon technology.
  • Represent Polygon Labs in strategic discussions with liquidity protocols and infrastructure collaborators.

2. Strategic Capital Deployment

  • Partner with Treasury and Finance to design frameworks for capital deployment across on-chain markets, ensuring sound risk management and transparent reporting.
  • Deploy capital into liquidity positions, yield strategies, and cross-chain arbitrage opportunities that generate consistent on-chain revenue.
  • Build performance models and attribution systems to measure contribution to Polygon Labs' overall P&L.
  • 3. FX and Stablecoin Management

  • Manage and hedge multi-currency exposures across both on-chain venues and external financial partners.
  • Support stablecoin liquidity in key corridors in collaboration with the Growth team.
  • Maintain USD-neutral exposure while ensuring readiness for local-currency liquidity needs.
  • Track mark-to-market FX exposures, maintain hedges, and monitor cross-currency spreads.
  • 4. Solver Operations

  • Collaborate with Engineering to architect and operate solver systems that compete in on-chain auctions and aggregators, optimizing routing, slippage, and MEV outcomes.
  • Design and operate cross-chain liquidity routing strategies across Polygon and external ecosystems.
  • Collaborate with bridge and aggregator collaborators to improve liquidity reliability across chains.
  • Identify and execute cross-chain arbitrage strategies that align market prices across the Polygon ecosystem.
  • Develop friendly MEV strategies that improve user execution quality while capturing sustainable value for Polygon Labs.
  • Build monitoring and analytics systems to measure solver performance, profitability, and network impact.
  • 5. Analytics, Reporting, and Forecasting

  • Develop and maintain dashboards integrating on-chain data for POL, DeFi, and FX exposures in coordination with the Data & Analytics team.
  • Prepare weekly and monthly performance reports covering utilization, yield, P&L, and exposure metrics.
  • Partner with the Growth and Analytics teams to inform incentive programs and liquidity rewards.
  • 6. Risk Management and Governance

  • Establish frameworks for protocol risk, FX risk, and counterparty exposure.
  • Conduct scenario modeling, stress testing, and capital forecasting to support treasury decision-making.
  • Maintain LTV buffers, diversification of liquidity venues, and conservative exposure thresholds.
  • Ensure compliance with internal treasury controls and governance standards.
  • Develop contingency playbooks for on-chain liquidity disruptions or FX volatility events.
  • What You'll Need

  • 47 years of experience in treasury, FX trading, or DeFi liquidity management.
  • Deep understanding of DeFi protocols, liquidity pools, and stablecoin mechanics.
  • Experience managing multi-currency balance sheets or cross-chain liquidity portfolios.
  • Strong analytical and quantitative skills; proficiency with tools such as Dune, Nansen, DeBank, Flipside, and Sheets / Excel.
  • Solid understanding of smart contract mechanics, blockchain fundamentals, and on-chain data interpretation.
  • Proven ability to execute and report on capital deployment, yield, and risk metrics.
  • Preferred Qualifications

  • Prior experience in crypto-native treasury, FX hedging, or DeFi asset management.
  • Exposure to market-making, DeFi yield strategies, and institutional counterparties (banks, OTC desks).
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    Treasury Analyst • Boston, MA, US

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