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    • What are Gas Markets?
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  1. Products

Whole Block Commitments

PreviousExecution PreconfirmationsNextBase Fee Futures

Last updated 1 month ago

A Whole Block purchased in the primary market reserves the entire block, ~ 36mm gas units (remark: gas limit can be dynamically adjusted by validators), for the buyer. Buyers may decide to strip apart and sell a mix of Inclusion Preconfirmations or Execution Guarantees. At such point, the Whole Block instrument now comprises a mix of other commitments whereupon subsequent secondary market sales of the Whole Block will be defined to be contingent upon including those other commitments.

Sequencing Rights are also conferred to the Block Buyer making a whole block buyer a synthetic Block Builder as articulated in . Should a block buyer looking to retain key positions/guarantees in a block be unable to , they may include their own Execution Guarantees or Inclusion Preconfirmations, and either:

  • Not sequence the Block, following which ETHGas will be the fallback Builder,

  • Sell the Block, or

  • Delegate the Sequencing to a specific Builder

Market Details:

  • Transaction Fees: [ 10% ] on Primary sale, [ 30 ]bps on secondary market trading TBC

The Design Process
Sequence a block accordingly