Wow! One of the @coinbase exchange wallets spent over $2.5M in the last 3 months on Gas alone!
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Ever wondered what CDPs are and how they work? We wrote a short blogpost about it explaining it in laymans terms, and how our Gas Token GIX comes into play! https://gasstation.finance/blog/understanding-collateralized-debt-positions-cdp-in-defi-and-gix/ #Ethereum #Gas #Fees
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We created this diagram to better visualize on how our protocol works. Stay tuned to learn more about how to hedge gas and enable a broader user-base to onboard @base.base.eth and #Ethereum
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