On-chain gas hedging protocol Hedgehog completed US$1.5 million in financing, with participation from Nothing Research and others

BlockBeats news, on March 6, according to The Block, on-chain transaction fee hedging protocol Hedgehog completed a $1.5 million Pre-Seed round of financing. This round of financing was participated by Marshland Capital, Tenzor Capital, Prometeus Ventures, 3Commas Capital and Nothing Research. . Angel investors include Lido Finance co-founder Vasiliy Shapovalov, among others. Hedgehog aims to solve the problem of large fluctuations in crypto transaction fees, with the core goal of creating an asset whose price reflects Ethereum’s current transaction fee price. Once such an asset is created, anyone can go long or short on it to hedge against future transaction fee prices.