Base

one thing i'd really like to see built on @base.base.eth 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.

Growing veggies for the fine folks of Southeastern Massachusetts, w/ a focus on nutrient quality. Always interested in the evolution of digital payments.  🎩 

inherently this makes sense...

if you are an entity which will need to secure a large amount transactions which require gas, it would make sense to hedge your expenses 

akin to airline fuel hedging.

though it seems better suited to more mature markets - i.e. once y'all have scaled up a bit more?

i would love this so i can set up hedging contracts for periods where we know we'll have large gas expenditures

I like solutions that allow to credit a few dollars to pay fees on all blockchains

Now is better than never.
Although never is often better than *right* now.

bro… that’s next level. starting base camp now will be in touch with progress in the next 4 - 7 years(jokes)

love what you guys are building here though(seriously)

would be a building block that could let us offer builders on base more predictability in their gas costs as they start internalizing more of them.

this sounds fucking nuts. what exactly are we trying to build with this?

🚀 Your cast cashed in! Claim 🎩 DEGEN tokens on jam now! 🟣 https://jam.so/?referrer=X0cAnl 🟣

would be cool to have a form of token to have free rent for block space on /base 

Futures market could be built off token and it and might even deter bloat on chain.

Remember when we killed gas price futures markets via regassing storage refunds?

Let me open my longs and stress test the network ser

President of CoinFund. Combat Marine Corps veteran. Inventor. Citi/Lehman alum. 

Fixed vs floating swaps are already live:

https://www.prnewswire.com/news-releases/falconx-completes-the-first-ethereum-staking-rate-swap-using-cesr-302086222.html

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.

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;

It seems like the ability to buy and sell “gas risk” would be quite accretive!!

This is one of the use cases that we're super excited about enabling with axiom.xyz!

I’m gonna utilise the shit out of it. Please make it possible

I am even less sure what it looks like and I feel like its key to something bigger

if you are building this, I would love to watch 👀

We are $BASED

https://twitter.com/chadsonbasе
https://basedchad.tech/