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EIP 1559 Market on Polymarket

This is an analysis of the probability of the London hard fork happening after August 4th at 23:59 ET

Will EIP-1559 be implemented on the Ethereum mainnet before August 5, 2021?

This is a market on whether EIP-1559 will be implemented on the Ethereum mainnet prior to the resolution date, August 5 2021, 12:00:00 AM ET. This market will resolve to "Yes" if EIP-1559 is implemented on the Ethereum mainnet prior to the resolution date, and "No" otherwise.

Will EIP-1559 be implemented on the Ethereum mainnet before August 5, 2021?

Here's the output of the simulation as of July 14. In 99.7% of the simulations, the fork happens after midnight. The most common hour when it happens is between 3am and 4am, this happens 28.4% of the time. The 25th and 75th percentiles are roughtly between 2.87 and 4.68 hours past midnight.

percent success 0.99753 avg margin hours 3.773372597222222 25th percentile: 2.8722222222222222 75th percentile 4.680833333333333 -3 1 -2 20 -1 226 0 1729 1 7410 2 18782 3 28439 4 25417 5 13106 6 4050 7 726 8 87 9 7

The way it works is first we download all the blocks from the past month. It assumes that the block time distribution will remain the same in the future as in the past. We then use all the block times to do a monte Carlo simulation of when the actual fork will happen.