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I always wondered why a gas fee future or option never was developed to mitigate gas fees indirectly. Since gas fees are heavily dependent on smart contract con
by arthurcolle 5y ago
I always wondered why a gas fee future or option never was developed to mitigate gas fees indirectly. Since gas fees are heavily dependent on smart contract conplexity, a secondary market based on gas fees, and not on ETH spot price, seems like it would be a useful financial innovation in this space
- vmception 5y agoIt did. The last Ethereum upgrade specifically targeted and killed them (amongst a variety of other changes). There were a lot of smart contracts that would end with exercising the owner's gas option for a gas refund. It was glorious to see, like the icing on the cake after a massive frontrunning flash loan. Here are two-three implementations of that concept: https://blog.1inch.io/everything-you-wanted-to-know-about-chi-gastoken-a1ba0ea55bf3 https://blog.1inch.io/everything-you-wanted-to-know-about-ch... https://gastoken.io/ https://gastoken.io/ and last year's reporting on the planned changelog https://decrypt.co/77345/ethereum-london-hard-fork-make-some-tokens-worthless https://decrypt.co/77345/ethereum-london-hard-fork-make-some...