What work has been done on basefee hedges? (Paying another party to take of risk of changes in basefee)

Have you seen @julianma ‘s posts? https://mirror.xyz/0x03c29504CEcCa30B93FF5774183a1358D41fbeB1/WKa3GFC03uY34d2MufTyD0c595xVRUEZi9RNG-dHNKs and

Robust Incentives Group @ Ethereum Foundation

https://rig.ethereum.org

Good read!
  
The options analysis seems to show that the amount of gas worth of options you can securely sell for a larger number of blocks is around 8 * g_max if u assume g_d = 0 and the base fee will increase at any reasonable rate (quick desmos math haha).

Have you seen @julianma ‘s posts? https://mirror.xyz/0x03c29504CEcCa30B93FF5774183a1358D41fbeB1/WKa3GFC03uY34d2MufTyD0c595xVRUEZi9RNG-dHNKs and https://mirror.xyz/0x03c29504CEcCa30B93FF5774183a1358D41fbeB1/dKgbn5YA3S5AL_qbUWq4HHZAjQSJGZf8oEPZ5Q89aFc