## blockspace derivatives

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### risks examples

#### nft launches

* a big project could increase demand for blockspace, so gas prices would spike during these mints. actors could buy a lot of blockspace derivatives for said date.


#### block size manipulation

* if a block is larger than the target block size, the base fee increases. a block builder can manipulate the size of the block to increase/decrease the base fee in the next block.


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### resources

- [ethereum blockspace by paradigm](https://research.paradigm.xyz/ethereum-blockspace)
- [ethereum blockspace by alkimiya](https://www.aniccaresearch.tech/blog/ethereum-blockspace-who-gets-what-and-why)
- [structuring blockspace derivatives by julian ma](https://mirror.xyz/0x03c29504CEcCa30B93FF5774183a1358D41fbeB1/WKa3GFC03uY34d2MufTyD0c595xVRUEZi9RNG-dHNKs)
- [slot space vc. blockspace](https://mirror.xyz/0x03c29504CEcCa30B93FF5774183a1358D41fbeB1/CPYI91s98cp9zKFkanKs_qotYzw09kWvouaAa9GXBrQ)
- [builders buying empty blocks and relaying through flashbots](https://twitter.com/MevRefund/status/1573416023998578703)