Market Analyst

As a Market Analyst at Douro Labs, the core development team behind Pyth Network, you track crypto markets-specifically prediction markets and perpetual futures-and turn that understanding into business opportunities for Pyth. You serve as the team's eyes on two of the fastest-moving areas in crypto, covering both the market side (monitoring events, trader conversations, volumes, and new venues) and the product side (translating research into a clear picture of users and concrete opportunities for Pyth).

What you'll do

• Track news, launches, and structural shifts across prediction markets and perpetual futures
• Monitor trader conversations on X, Discord servers, Telegram groups, and other 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
• Research prediction market and perps protocols to understand how they use price data
• Map who your users are, what they need, and where current solutions fall short
• Build dashboards and datasets the team can use to follow these markets
• Turn research findings into concrete product ideas for Pyth
• Size opportunities using market and on-chain data
• Work with product, engineering, and business development to prioritize and pressure-test ideas
• Track how launched initiatives perform against the original thesis
• 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

What you bring

• 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 participation in trader communities and comfort picking up signal from X, Discord, and Telegram
• Proficiency with data analysis tools such as SQL, Python, Dune or similar
• Strong writing skills and a track record of research that drives decisions
• Analytical mindset and self-starter mentality, comfortable owning a research agenda independently
• Comfort with startup pace and evolving scope

What we offer

• Remote work (US or Europe)
• Full-time position

About Douro Labs

Douro Labs is the core development team behind Pyth Network. The team spans the US, South America, Europe, and Asia, operating as a digital-first organization with a mix of technical expertise and institutional partnerships across the global financial infrastructure community.