How Can a Miner Use a Transaction Fee Market Derivative to Hedge Their Revenue?

A miner can use a derivative contract, such as a futures contract or an option, based on the average network transaction fee. If they anticipate a period of low congestion and low fees, they could buy a fee-based put option to protect against the revenue drop.

Conversely, they could sell a fee-based futures contract to lock in a high fee rate during periods of high congestion.