Market Analyst

As a Market Analyst at Douro Labs, the core development team behind the Pyth Network, you will track crypto markets-specifically prediction markets and perpetual futures-and turn that understanding into business opportunities for Pyth. You will 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, Telegram, 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 presence in trader communities with comfort picking up signal from X, Discord, and Telegram
• Proficiency with data analysis tools such as SQL, Python, and Dune or similar platforms
• Strong writing skills with a track record of research that drives decisions
• Analytical mindset and self-starter 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 the Pyth Network. The team is spread across the globe from the US and South America to Europe and Asia, operating as a digital-first organization where remote work is the norm.