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jesse.base.eth 🔵
@jessepollak
one thing i'd really like to see built on @base is a fully onchain gas price futures market. i'm not sure what exactly this looks like, but it feels like a key building block for a bunch of stuff we want to do. if you are building this, please reach out.
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Chris Perkins
@leatherneck
It starts with standardized benchmarks. That allows for composability so the industry has a common reference rate for the floating leg. From there, futures can follow, but “swaps”—fixed vs floating —will be better in certain circumstances. There is a two way hedging market for priority transaction fees;
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Chris Perkins
@leatherneck
L2s, apps & exchanges want to pay fixed while validators want to receive fixed. This allows the users of block space to hedge against spikes, while validators can hedge against drops in revenue. CESR can serve as a proxy and we could look into a base fee benchmark if interesting. TLDR; standardize the floating rate.
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