Our goal is to build a tool to manage on-chain costs. Ethereum itself is impossible cuz gas price feed for each block is needed, which can only be done through L2.
We do backtested the past gas consumed, average confirm time for each txns, and other factors on both #Arbitrum and #Optimism, and it turned out we should pick #Arbitrum at this stage.
...we target #zkSync cuz they features native AA/smart contract wallet such as @argentHQ, making our lives easier to do integrations. It means we could possibly use our gas tokens to pay for their gas spent.😉
2. How can we outperform Perpetual protocols if MEV firms/entities short equally the same amount of ETH to hedge?
MEV users do need to make estimations on their gas spent whether using Perps or Gas finance. However, they can “lock in” a fixed gas price using Gas finance. 😇😇
...1x Perps can only lock in ETH amount. While the outcomes might sometimes be similar, the underlying logic is totally different.
Second, Perps have funding fees, which is an explicit cost for shorting.
Additionally - if MEV users use Gas finance, let’s say they bought some gas tokens at lower prices, when gas spikes, they gain a comparative advantage over their competitors by tipping more for frontrunning certain profitable txns. That would be a killing edge.
Feel free to comment and ask questions! We welcome all challenges.🫡🫡 #blockspace#gastoken