Plexus Crypto Recruitment case studies
Crypto Recruitment Delivered: Case Studies

dYdX Foundation

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The Client:

dYdX Foundation is a Swiss-based entity supporting the dYdX protocol, one of the largest decentralised exchanges in the world. In early 2024, they sought to expand their team with top tier talent to support their growth in Europe and Dubai.

 

“Plexus has proven to be an exceptional partner in our hiring process. Their extensive network of high-quality candidates ensures that we consistently meet talented professionals aligned with our requirements. They manage the end-to-end recruitment process, providing seamless support and significant time savings for our team.

One key attribute about Plexus is their flexibility and ability to adapt to our unique needs, making the entire experience tailored and efficient. A special mention goes to Josh Glensmark, whose role as a headhunter has been instrumental. He has deep understanding of the Web3 market, listens to client needs, and his efforts to find the right fit each and every time have made a tremendous difference.

Overall, we value our partnership with Plexus as a trusted resource for our recruitment efforts and we hope to continue working together in the future.”

Client

The Challenge:

Their hiring process was rigorous, involving week-long trials. While this process ensured only the best candidates progressed, it presented logistical challenges—many top candidates already had full-time commitments. Additionally, the Foundation required our consultant to manage the hiring logistics, relying on Plexus to take full ownership of the candidate journey.

Adding to the complexity, the Foundation approached us with two key roles—one of which was confidential—requiring a tailored search strategy to manage sensitivities while delivering exceptional results.

Challenge

The Solution:

Plexus, led by consultant Josh Glensmark, executed a bespoke strategy to meet dYdX Foundation’s needs.

  • 1

    Targeted Talent Identification

    Leveraging our extensive network and specialist expertise, we identified candidates who matched the Foundation’s high standards. The opportunity spoke for itself, attracting strong interest from leading candidates in the space.

  • 4

    Process Management

    We handled the logistics of the week-long trial process, navigating candidate schedules, and ensuring a seamless experience for both the dYdX Foundation and the candidates.

  • 3

    Consultation and Insights

    In addition to recruitment, we provided the Foundation with valuable market insights. This included consultation on compensation structures, salary
    benchmarks, and feedback on candidates they were already considering.

    This consultation was informed by real-time hiring data and presented during in-person
    meetings, including a breakfast session in Brussels where Josh met with client representatives and candidates already placed by Plexus.

  • 2

    Tailored Retained Search

    After discussing their requirements, we recommended a
    retained search model to prioritise these critical roles. This approach allowed our delivery team to dedicate significant time and resources to securing the very best talent under tight timelines.

  • The Results:

    Plexus successfully placed four key roles for dYdX Foundation, which enabled the dYdX Foundation to strengthen their leadership and business development functions, ensuring they continued to lead in the decentralised exchange space. These roles included:

      • Chief marketing Officer
      • Social Media Manager
      • Head of Finance
      • Institutional Business Development Manager

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