🔲Modular Synthetic Blockspace

Blockspace refers to the finite space available in each block for transactions. This space limitation creates a natural market dynamic where users must bid for their transactions to be included in a block, with gas prices acting as the bidding mechanism. This system reflects a real-time supply and demand scenario: higher demand for block space leads to higher gas prices, and vice versa. Modular Synthetic Blockspace as a solution

Modular Synthetic Blockspace emerges as an innovative, cash-settled free market approach to traditional gas hedging methods. It involves the creation of freely circulating synthetic assets that represent gas on the network.

1. We take a block at its core

2. We remove all the complex information from it

3. And just check the gas costs at the time of each block

That’s it, that’s the beauty of this. We take something complex and make it easy for our use case. Because what do rollups, wallets, validators, and other providers need in this case? — hedging. And for hedging, you only really need to know the gas prices.