DeFi Business Analyst

About Morpho

Morpho is a leading Decentralized Finance (DeFi) lending protocol that recently secured $50 million from Ribbit Capital, a16z crypto, Coinbase Ventures, Variant, Brevan Howard, Pantera, Blocktower, and 50 others to build an open lending network giving anyone, anywhere, access to the best possible terms. Morpho is experiencing explosive growth, with over $10 billion in deposits on the network, solidifying itself as the new standard for DeFi lending. Now, Morpho is scaling its team of contributors to establish itself as a cornerstone, not just of DeFi, but of a new internet-native financial system.

Our Mission

Morpho's mission is to power human ambition with open access to capital. Human ambition has no borders, but the capital to fuel it does. Today's financial system is closed and fragmented. No one sees all opportunities, most overpay, and some are excluded entirely. We believe capital should flow efficiently to where it's needed most - giving anyone, anywhere, access to the best possible terms.

Location

Paris or remote (from -5h GMT up to +2h GMT to ensure sufficient overlap with the rest of the team).

How we work

We move fast on hard problems in a nascent market with no set playbook : navigating uncertainty is part of the job. You'll be challenged: anyone can question work and decisions must be justified. We keep a high bar and match it with high support: we help each other unblock and share context openly, with low ego. More about our values: morpho.org/jobs.

Role

This role exists to turn on-chain data into business clarity. You'll monitor Morpho's lending activity across 20+ networks, identify high-value opportunities for the BD team, and maintain the analytics that help the growth org make faster and smarter decisions.

Responsibilities

• Monitor Morpho lending flows across 20+ networks to understand users behaviours and growth patterns

• Aggregate and prioritize on-chain signals (positions, flows, liquidations, yields, governance events) to surface clear BD opportunities (wallets, DAOs, protocols, market segments) on a daily basis

• Prepare daily high-value signal briefs for BD and the growth team using Morpho's proprietary growth engineering stack to accelerate deal flow and opportunity qualification

• Maintain weekly and monthly reports on asset utilization, asset growth, chain growth, incentive performance, and cohort retention to track protocol health and growth trends

• Run deep-dive analyses on chains, assets, user behaviors, integration impacts, and competitive activity to inform BD strategy, incentive design, and product decisions

• Partner with growth engineering and data analysts to improve Morpho's data stack by suggesting new data sources, features, and metrics that improve signal quality

• Surface emerging DeFi opportunities (new protocols, DAOs, liquidity pockets, novel strategies) and track their outcomes with the BD team

What Success Looks Like

In your first 30 days

• Get fluent in Morpho's DeFi architecture: markets, chains, assets, integrations, and core user profiles

• Onboard to the growth engineering stack and onchain data tools (Allium, Dune, subgraphs, internal infra)

• Ship your first daily and weekly signal reports with supervision, and contribute to at least five BD opportunity qualifications

By Month 4-6

• Fully own the daily DeFi signal process: you decide what's noise versus signal and how to route it

• Maintain a reliable reporting cadence (daily, weekly, monthly) that the growth and BD teams use in their workflows

• Deliver 2-3 impactful deep-dive analysis (on a chain, vertical, or asset) that directly inform BD strategy, incentive design, or product decisions

• Partner with growth engineering to iterate on the stack, dashboards, schemas, and alerting based on BD needs

By Month 12

• Be the go-to thought partner on "what is happening on-chain around Morpho and why it matters"

• Proactively surface new DeFi opportunities and track their outcomes with the BD team

• Have significantly improved the quality and speed of decision-making for DeFi growth: fewer blind spots, clearer opportunity funnels, and measurable impact on growth initiatives

Competencies & Traits

Adaptability

Thrives in a fast-moving, remote-first environment where priorities shift and context changes rapidly. Comfortable working across time zones.

Focus & Simplicity

Ability to prioritize what matters and ship clear, actionable solutions. No fluff, just signal.

First-Principles & Bias for Action

Challenges assumptions, acts with ownership, and adjusts fast. You don't wait for perfect information - you move, learn, and iterate.

Low Ego & Collective Success

Mission over career. Transparency, shared credit, and team-first mindset. You win when the team wins.

Structured and Analytical Thinking

You bring rigor to ambiguous problems. You're inventive and creative in how you solve them, but always grounded in logic and data.

Must-have Experience

• 3+ years of experience in business analysis, data analysis, strategy, or research roles at fintech or DeFi firms

• Excellent understanding of DeFi: protocols, liquidity, active players, and largest assets

• Strong familiarity working with SQL and Python (running and modifying simple scripts)

• Ability to work with blockchain data tools such as Allium, Dune, and Subgraphs, and more generally onchain data architecture

• Strong business acumen and problem-solving skills - ability to work from ambiguous problem statements to clear recommendations

• Excellent communication and presentation skills, capable of clearly compiling and presenting analysis findings to clients and internal teams

• Strong problem-solving abilities and a genuine passion for DeFi and blockchain technology

• A team player with the ability to work effectively with clients and internal teams to refine product offerings

Perks & benefits:

We design benefits around deep work and growth, so you can do the best work of your career. Expect fair, top-tier compensation, real flexibility, time together in Paris, great health coverage, and support to keep learning.

Equal opportunity

We welcome applicants from all backgrounds and hire based on talent, potential, and values alignment.

Ready to shape the future of finance?

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