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How to Hire Web3 Developers for DeFi Projects on a Flexible Basis

How to Hire Web3 Developers for DeFi Projects

Hiring Web3 developers for DeFi projects is not easy, especially considering salaries range from 130k to 200k dollars per year. The Web3 space is blowing up, and the pace of its adoption is expected to increase by 50% in the next 3 years alone. This will drive the demand for highly skilled developers through the roof.

The purpose of our guide is simple – to make it easy to hire Web3 developers, to show you why salaries are what they are, and to help you find the right people.

Speak with us about hiring top-tier Web3 developers for your next project!

Find out how outstaffing can help you grow without the overhead costs.

Table of contents:

  1. How to Be Flexible and Cost-Effective with Web3 Developers
  2. Essential Skills and Expertise to Look For
  3. Where and How to Find the Right Web3 Developers
  4. Web3 Developers Hiring: How to Not Make the Most Common Mistakes
  5. In-house vs. Outsourced Blockchain Team Cost Comparison
  6. Summary

How to Be Flexible and Cost-Effective with Web3 Developers

To hire remote Web3 developers, you must first consider the budget you can allocate for this expert. Salaries for Web3 developers depend on such variables as technical expertise, profound knowledge of blockchain, and understanding of DeFi systems. All this, considering high market demand and a shortage of highly qualified professionals, pushes salaries upwards.

The role of the Web3 developer extends further than that of just a coder. This expert builds the fundamentals of a decentralized ecosystem and works on security, scalability, and functionality for different DeFi projects.

Fundamentally, Web3 developers are tasked with doing the following activities:

  • Development of DeFi systems. It includes writing smart contracts, building decentralized applications, and integrating them with on-chain DEXs.
  • Security assessment. It includes protecting projects from vulnerabilities, audits, or finding other possible exploits. Knowing smart wallets use cases is also important here.
  • Scalability and functionality maintenance. It means making your project scale to meet demands without performance degradation.

If you want to hire top Web3 developers, you must consider the following hiring models.

Hiring ModelBest Use CaseBusiness Benefit
Full-time DeveloperLong-term projects with consistent needsStability and continuous development
Contract-basedFeature-specific tasks or auditsFlexibility to scale up/down as needed
FreelancersShort-term needs or specialized developmentCost-effective for smaller, defined tasks

Essential Skills and Expertise to Look For

It requires combining technical expertise and industry knowledge while hiring Web3 developers for DeFi projects. Let’s review the main 5 blockchain skills the developer should have. 

Web3 developers for hire

Therefore, based on the crafter table, we recommend to focus on the following areas to hire Web3 developers for DeFi projects:

  • Cybersecurity & cryptography. In DeFi, security is of the highest priority. They should thus show a sound basis in cybersecurity, particularly the cryptographic techniques adopted in blockchain, like hashing algorithms, elliptic-curve cryptography, and zero-knowledge proofs. If the candidate knows the best AI tools for QA automation, this is a great advantage. They must make your project resistant to being hacked, used in exploits, and other types of attacks.
  • Programming. Besides the blockchain-specific languages, the developers should have a firm grip on general programming languages like Python, JavaScript, or C++. This will be helpful to handle more general tasks of coding, including backend development and integration with other external systems, all while maintaining high performance.
  • Data structures. This basically entails a good understanding of data structures such as arrays, stacks, and queues using hash maps with the intent of efficient smart contract development. This skill enables developers to optimize on-chain data storage and retrieval, thereby reducing gas fees while improving the system’s overall performance.
  • Smart contracts. Web3 developers for hire must have hands-on experience writing, testing, and deploying smart contracts on major blockchain platforms like Ethereum, Binance Smart Chain, and Solana. Solidity is the most important language for Ethereum/BSC, while Rust is for Solana. Moreover, one should be familiar with smart contract testing frameworks in order to secure DeFi protocols.
  • Architecture. There is much more to designing an architecture for a DeFi project than mere coding. The development team needs to be capable of creating scalable, secure, and modular architectures that support seamless upgradeability, integrations, and future expansions without any hassle. Well-thought-through architecture makes your project flexible with regard to different market situations and changes in trends or features without performance losses.

In 2025, we’ll see more demand for developers skilled in zk and builders focused on consumer apps. It is undeniable, the industry continues to abstract the chains complexity from the user, optimistic and zk rollups will have their own clusters (like superchain from OP Labs and elastic chain from Matter Labs) inside which they will feel like a one united chain. However, to fix interoperability between different clusters will require much more time to solve and in mid term cross chain intents is a way to go” notes Rostyslav Bortman, Head of Blockchain at IdeaSoft.

Where and How to Find the Right Web3 Developers

The following are the top channels to consider when hiring remote Web3 developers, along with some nuances and pitfalls.

Hiring ChannelDescriptionConsiderationsPitfalls
Freelance PlatformsUpwork, Freelancer, and Toptal offer access to a large pool of Web3 developers.Great for short-term or feature-specific tasks like audits or smart contract development.Quality control can be inconsistent; without thorough vetting, you may hire someone without needed expertise.
AgenciesAgencies provide vetted, professional developers with DeFi project experience.Stability and accountability; flexible hiring models for long-term or short-term projects.More expensive than freelancers; essential to choose an agency with specific Web3 and DeFi expertise.
Job BoardsPlatforms like LinkedIn, CryptoJobs, and AngelList offer access to full-time and contract developers.Wide pool of candidates; ability to evaluate resumes and past experiences directly.Time-consuming process; sorting through unqualified applicants can delay project timelines.

At IdeaSoft, we streamline the hiring process by offering a curated network of highly skilled Web3 developers specializing in DeFi projects. Long-term support, contract-based work, or short-term freelance help-we have it all covered. We even have developed our own educational platform for Web3 developers.

Indeed, the Web3 space is changing quickly, and hiring the right talent becomes highly critical. We thoroughly vet our developers to ensure real-world experience that will make them succeed in DeFi. You can hire dedicated Web3 developers without headaches of endless searching and vetting by working with our blockchain development company.

Find out how outstaffing can help you grow without the overhead costs

Speak with us about hiring top-tier Web3 developers for your next project!

Web3 Developers Hiring: How to Not Make the Most Common Mistakes

Bad hires in DeFi are expensive and have major reputational and security repercussions. Even top DeFi development ideas can fail because of bad hires. We will explore 3  common mistakes made in the hiring of Web3 developers for DeFi and also how these mistakes have played out in real-world scenarios.

Lack of Concern for Security

One of the most significant mistakes one could make is when neglecting to check into the security expertise of hiring a Web3 developer. In DeFi, even a minute, a seemingly insignificant vulnerability in a smart contract may yield enormous losses. Consider one of the most vivid examples – the DAO hack in 2016. More than $60 million were stolen because of a bug in the underlying code of smart contracts. That was because the team behind the project at that moment did not pay much attention to security while choosing people for certain positions; thus, their vulnerability was exploited.

Lesson learned. The developers have to know cryptographic protocols inside out and not infrequently experience security audits. If these tips are not followed, there will be losses in amounts equal to several millions and complete crashes of your project.

Inexperience in DeFi

That would be a result of the blockchain developer whom you hire not having direct experience with DeFi protocols, thus making your system prone to design flaws and inefficiencies. A very famous example is the Yearn Finance exploit that happened in 2021: a vault set up with improper configuration settings allowed hackers to drain funds. Although Yearn Finance had experienced developers, this showed the critical need for deep expertise in DeFi when creating complex financial systems.

Lesson learned. Always ensure that the candidates have hands-on experience with protocols such as Uniswap, Aave, or Compound and deep knowledge of the ins and outs of liquidity pools, lending, and yield farming.

Soft Skills

While technical skills are extremely important, the lack of communication and collaboration skills may turn out to be as destructive in similar cases, especially when managing remote or distributed teams. Once, we had an example where a very skilled developer was hired for a very critical DeFi project, but poor communication and lack of teamwork resulted in huge delays. Due to miscommunication at the level of the development team versus stakeholders, milestones were not delivered, which cost the company much precious time and resources.

Lesson learned. The developer must not only know his or her area of technological specialization but also must have those soft skills that help in team building. Soft skills like effective communication and problem-solving will definitely help, especially in virtual environments, in executing projects effectively.

In-house vs. Outsourced Blockchain Team Cost Comparison

Here’s a quick breakdown of the average cost comparison between hiring an in-house blockchain development team versus outsourcing.

CategoryIn-house TeamOutsourced Team
Salaries$130k–$200k per year per developer$60k–$150k per year, depending on region
Recruitment Costs$10k–$30k per hire$0 (handled by the outsourcing company)
Onboarding & Training$5k–$10k per hire$0 (outsourcing teams are ready to start)
Infrastructure & Tools$15k–$25k annually$0 (included in service fees)
Benefits & Taxes20%–30% of base salary$0 (no benefits or taxes for outsourced)
Total Annual Cost (Avg.)$200k–$300k+ per developer$60k–$200k depending on service level

Conclusion

Success in your DeFi project calls for the correct employment of a Web3 developer. Given the complexity surrounding blockchain technology, smart contracts, and high stakes regarding security, you need to find Web3 developers for hire with experience that goes beyond technical skills into practical ones with DeFi protocols.

Being proactive about your hiring includes paying close attention to the expertise a candidate can bring to your project, understanding what they have done in the past, and trying to assess any forthcoming challenges your project may face. Instead of waiting for weaknesses or miscommunications to cause delays, act strategically and select top Web3 developers from the outset.

At IdeaSoft, we provide you with Web3 developers who can build, secure, and scale your DeFi project from scratch. With our help, you can hire Web3 developers for DeFi projects quickly and effortlessly. Visit our Blockchain software development services page right now!

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    Ann CCO
    Anna Boiko
    CCO at IdeaSoft
    In her role as CCO, Anna brings more than a decade of industry experience. She collaborates with management, sales, and delivery teams to establish a client success division at IdeaSoft. Highly accomplished and self-motivated professional in web development industry with leadership qualities and excellent management skills.
    FAQ

    Frequently Asked Questions

    • What does an excellent Web3 developer for my project look like?
      The great Web3 developers would have the strongest understanding of blockchain platforms such as Ethereum or Solana, the ability to work with smart contract languages such as Solidity or Rust, and experience working with DeFi protocols such as Uniswap or Aave. They would also need to know about security considerations; otherwise, any DeFi projects run the risk of being exploited.
    • How to evaluate a Web3 developer's competency?
      Look for practical experience with blockchain and DeFi protocols. Check their GitHub repositories for past projects. Conduct technical interviews to understand their knowledge concerning smart contracts, including their security and scalability. You can also request case studies or examples of past work that are relevant to your project.
    • How long does it take to develop a DeFi project from scratch?
      Normally it takes from 3 to 12 months, depending on complexity. Planning, development, and testing are included, as well as time for security audits. Building more advanced features or integrating with existing DeFi protocols might take longer than that.
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