First protocol to get directional exposure to BTC fees

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Thought experiment: Derivatives on transaction priority/gas on Solana

Structured as cash-settled perpetual futures that settle to 1) rolling avg tx fees, or 2) % tx landing rate

Alkimiya⌛ @leozayaat launched blockspace derivs for ETH/BTC, wen SOL?

trading 'blockspace futures' with alkimiya on testnet

long/short btc tx fees

check it out, leave feedback under thread

alkimiya for not getting rugged on tx fees

L2 operators are the most natural users of L1 tx fees hedge. Aggregating orders creates consistent demand for blockspace.

The supply of blockspace is inelastic, but the demand is ephemeral. Fee volatility impedes the growth of on-chain organizations and leaks negative externalities that impact everyday use cases.

To onboard the next billion, blockspace resources must be priced and managed. The