Are There Any Financial Derivatives That Could Be Used to Hedge against the Risk of Pool Hopping for a PPLNS Operator?

While a direct derivative for pool hopping is not standard, an operator could potentially use a custom over-the-counter (OTC) contract or a structured product. This contract could be designed to pay out if the pool's hash rate drops significantly and rapidly (an indicator of mass hopping) below a certain threshold, mitigating the sudden loss of expected fee revenue.

It would essentially be a form of business interruption insurance tied to hash rate.