Shubhnkar Upadhyay

Protocol Architect | Onchain Derivatives & Perpetual Swaps | DeFi Infra Leader

📍 Gurugram, India

🟡Lurking

Technical lead and protocol architect specializing in onchain derivatives infrastructure. Currently driving smart contract and execution architecture at Ostium, an RWA perpetual DEX with $41B+ cumulative volume and $19M+ in fees. Focused on building solvent, high-throughput perpetual markets through funding rate design, liquidation architecture, and real-time automation systems.

Work Preferences

Salary

USD 214,000 – 300,000

Skills

Go10/10

Liquidation & Margin Systems10/10

Real-Time Automation Systems10/10

Backend Development10/10

DeFi Protocol Design10/10

Perpetual Swaps & Derivatives Protocols (10/10)Smart Contract Architecture (Solidity) (9/10)Engineering Leadership (9/10)Distributed Systems (9/10)Telemetry & Observability (8/10)DeFi Option Vaults (8/10)ERC-4337 Account Abstraction (8/10)Fintech Systems (8/10)Fraud Detection Systems (8/10)Oracle & Pricing Engines (8/10)Solidity (8/10)AMM Design (8/10)RWA (Real World Assets) (8/10)Risk Modeling & Parameter Calibration (6/10)Market Microstructure (6/10)

Work Experience

Technical Lead

Ostium

Jun 2023 — Present

Lead protocol and execution architecture for RWA perpetual DEX. Designed and deployed real-time automation infrastructure powering liquidations, hedging, and oracle pricing engines to maintain solvency under volatility. Integrated ERC-4337 Account Abstraction with latency-optimized backend coordination. Drive architectural standards across Solidity and backend systems while mentoring engineers and aligning protocol design with product and risk objectives. Platform has processed $41B+ cumulative volume, $19M+ in fees, with peak single-day volume of $820M.

Blockchain Lead

Olive (Formerly Polysynth)

Sept 2021 — Apr 2023

Architected and led development of an AMM-based perpetual swap protocol. Designed a zero-bad-debt liquidation framework with real-time monitoring. Built DeFi Option Vaults and structured financial products integrating automated user returns with OTC trades. Protocol scaled to $1M+ daily trading volume, $250M+ cumulative volume, $5M+ locked in option vaults, and $2M TVL across structured products.

Engineering Manager

YoloBus

Feb 2021 — Aug 2021

Lead Backend Developer

Totality Corp

Oct 2017 — Jan 2021

Built and led high-throughput distributed systems across fintech, gaming, and healthcare environments. Designed real-time pricing engines, fraud detection systems, analytics infrastructure, in-app financial wallets, and multiplayer servers operating at large concurrency levels. Managed engineering teams and production systems with a strong foundation in reliability, telemetry, automation, and distributed architecture under scale.

Education

National Institute of Technology

Bachelor of Technology · Computer Science & Engineering

2012 – 2016