ETHGas offers a marketplace for Ethereum blockspace commitments, enabling real-time settlements and trading of blockspace futures. The platform provides customizable trading experiences like whole block commitments and inclusion preconfirmations, enhancing transaction predictability and blockspace price discovery for validators, traders, and protocols.
Funding
Funding not disclosed
Founders
Product
Problem
The Ethereum network's transaction execution and blockspace allocation are subject to unpredictable latency and inefficient price discovery. This variability impacts the predictability of transaction confirmations and limits the development of sophisticated financial instruments for blockspace.
Solution
ETHGas provides a marketplace for Ethereum blockspace commitments, enabling real-time settlements and the trading of blockspace futures. The platform offers a suite of products designed for customizable trading experiences, including whole block commitments, inclusion preconfirmations, and execution preconfs. This facilitates faster, more predictable transaction execution and efficient price discovery for Ethereum blockspace. By offering these instruments, ETHGas aims to enhance the efficiency and financial sophistication of the Ethereum network.
Target Audience
Primary customers include Ethereum validators, traders, market makers, protocols, and dApps seeking predictable transaction execution, efficient blockspace utilization, and advanced financial instruments for Ethereum network resources.
Features
- **Whole Block Commitments:** A primary and secondary market for the entire block, conferring building and sequencing rights to the buyer.
- **Inclusion Preconfirmations:** Guarantees transaction inclusion within a specified block, with bids based on a fixed amount of blockspace (e.g., 200k gas units).
- **Execution Preconfirmations:** Guarantees a specific state or result for trades or bundles, requiring a defined amount of blockspace.
- **Base Fee Futures:** Calendar futures for specific slots, allowing traders to speculate on the Base Fee with cash settlement.
- **Low-Latency Infrastructure:** Achieves transaction confirmations in as little as 3ms through optimized network pathways.
- **Real-time Trading:** Features active markets with real-time pricing and liquidity for optimal execution.
- **Commit Boost Module:** A sidecar for proposers to create commitments by signing messages signaling intent to register on the ETHGas exchange.
- **Collateralization and Slashing Mechanisms:** Implements collateral deposits and slashing rules to ensure commitment fulfillment and mitigate counterparty risk.