LATEST: 💡 Ethereum co-founder Vitalik Buterin has proposed creating a trustless onchain gas futures market that would allow users to lock in transaction fees for specific future time periods and hedge against network cost volatility. https://t.co/wfYQZXtXbU ...

RT Naga Avan-Nomayo (@JeSuisNaga)Does Ethereum need a trustless onchain gas futures market?@VitalikButerin says yes, so users can hedge future fees.@hasufl + @koeppelmann pushed back, citing structural issues with basefee burns and the lack of a natural short.Full discussion + context ↓https://t.co/LsIHyXhrdV ...

⚡ NEW: Vitalik Buterin proposes onchain gas futures market for Ethereum to help users hedge against network fee volatility as adoption increases. https://t.co/G38EsSlTb0 ...

Ethereum co-founder Vitalik Buterin stated that there is a need for a trustless on-chain gas futures market. He pointed out that while fees are low today, people are uncertain about the fee changes in the next two years. He believes an on-chain gas futures market would help address this, providing market expectations for future fees and allowing users to hedge against future gas prices, even prepaying for gas within a specific time interval. https://t.co/7SkRZRG5nt ...

We need a good trustless onchain gas futures market.(Like, a prediction market on the BASEFEE)I've heard people ask: "today fees are low, but what about in 2 years? You say they'll stay low because of increasing gaslimit from BAL + ePBS + later ZK-EVM, but do I believe you?"An onchain gas futures market would help solve this: people would get a clear signal of people's expectations of future gas fees, and would even be able to hedge against future gas prices, effectively prepaying for any specific quantity ...

We need a good trustless onchain gas futures market.(Like, a prediction market on the BASEFEE)I've heard people ask: "today fees are low, but what about in 2 years? You say they'll stay low because of increasing gaslimit from BAL + ePBS + later ZK-EVM, but do I believe you?"An onchain gas futures market would help solve this: people would get a clear signal of people's expectations of future gas fees, and would even be able to hedge against future gas prices, effectively prepaying for any specific quantity ...