Hasu and Vitalik engage in heated debate over on-chain gas futures markets: weak buying interest leads to insufficient liquidity, potentially hindering scale.

According to Odaily Planet Daily, Hasu, Strategic Director of Flashbots and Strategic Advisor to Lido, commented on Vitalik Buterin's idea of establishing an on-chain Gas futures market in an article published on the X platform. He stated that the market lacks a natural short position: many users are already shorting Gas costs and want to hedge, but almost no one in the market is willing to go long on Gas, so liquidity may be insufficient, making it difficult to form a meaningful market size. In response, Vitalik proposed that the protocol itself act as the market short, namely by auctioning the right to use future base fees on-chain (which can be done up to 2 years in advance). Although Hasu questioned the incentive effectiveness of this model, Vitalik explained that users or application developers who pre-purchase Gas will change from "natural Gas short" to "neutral"; at the same time, the protocol is naturally in a "long" position due to the burning of base fees, and the pre-sale can neutralize this risk.