Hedgehog, a protocol providing tools for dealing with fluctuating crypto transaction fee prices, has raised $1.5 million in a pre-seed round.

Venture capital firms Marshland Capital, Tenzor Capital, Prometeus Ventures, 3Commas Capital, and Nothing Research participated in the round.

Angel investors included Vasiliy Shapovalov, co-founder of Lido Finance; Banteg, a pseudonymous developer at Yearn Finance; and ivangbi, a pseudonymous core contributor to Gearbox.

Hedgehog aims to address the issue of wildly fluctuating crypto transaction fees, which can be very expensive for protocols and businesses to deal with. While Ethereum transaction fees have been as low as a dollar at times, they rise considerably during periods of high demand. Current fees are $25 for a simple transaction and …