{Thread} 1/ The more I think about the decentralized financial system, the more I think that 'Relayers' are one of the highest leverage business opportunities in the blockchain space
2/ When most people think of relayers, they associate them with a specific protocol. For example, we think of @RadarRelay and @ParadexIO as specifically '0x relayers,' and @bloqboard as a 'Dharma relayer.' Relayers don't have to be constrained to one protocol
3/ If we strip relayers down to their core, what are they comprised of?
💻 a front-end UI
🔐 smart contracts
⛓ database/blockchain
At base, a relayer is just an interface for users to place and fill transactions on some blockchain protocol
💻 a front-end UI
🔐 smart contracts
⛓ database/blockchain
At base, a relayer is just an interface for users to place and fill transactions on some blockchain protocol
4/ Creating a relayer is very simple. In fact, @DharmaProtocol makes it easy enough for anyone to do it. All a developer needs to do is fork a repository, customize some front-end components, deploy their app through the cloud, and start collecting fees. relayer.dharma.io
5/ The massive opportunity here stems from the drastically shrunk costs associated with creating this infrastructure and the plug and play architecture that makes it easy for these systems to provide additional services.
6/ Over time, I expect relayers to strip themselves of single protocol identities and become stand-alone gateways into the open financial system. The most successful relayers will allow users to access multiple services like asset exchange, lending, derivatives, and indexing
7/ Relayers will become the open-source equivalent to banking and open the doors for millions of users to enter into a more open and transparent financial system. Relayers are the opportunity, UX is the key 🗝
