Thanks to Barnabé Monnot and Alex Stokes for helpful feedback and discussion. Proposer-Builder Separation (PBS) is a design philosophy where parts of ...

Introduction Structuring base fee derivatives is not easy. To get the discussion started, we provide a very rough example of how base fee options coul...

Introduction to the gas markets Ethereum is in the business of selling blockspace. This is a commodity that allows users to settle their transactions ...