PetroETH Option DEX
EVM Gas Options Decentralized Exchange used for hedging Gas price spikes, especially in protocols that require a lot of gas, such as ZK and FHE usage.
PetroETH Option DEX
Created At
Winner of
Rome Protocol - Best Use of Rome Protocol 1st place
Uniswap Foundation - Unichain 2nd place
Nethermind - Build an Opinionated DEX
Linea - Best Project Deployed on Linea and MetaMask JSON-RPC API
Project Description
This is an Ethereum Gas Options Decentralized Exchange (DEX). Web3 applications can purchase Call options on the EVM Gas price in order to hedge the price of the Gas and provide smoother operation to the users. Any user can do the same, permissionlessly. Market makers / underwriters can offer these options. Anyone writing an option needs a collateral and can be liquidated permissionlessly by anyone.
How it's Made
The contracts are written in Solidity. block.basefee is used as Gas price oracle. I am using the Foundry toolset. All the tests are written in Solidity. The dex is based on Order Book and the option creation, buying, writing, liquidation, exercise etc. are all permissionless operations.
