Would it be possible to have a sort of pool of relayers, anyone can join
(or only people with TORN locked up)
For what purpose, tho? Just to create a sink in circulating TORN supply?
Normally, staking mechanisms are implemented to disincentivize bad behavior. However, there’s really no way for relayers to misbehave here
Introducing a min TORN threshold to relay would just create barrier to entry that would be skewed to benefit whales. Kind of pointless when arbitrarily staked TORN wouldn’t actually secure anything
That way there is no competition
Competition is actually a good thing here
Yes, relayers are currently in competition with each other, which probably seems like a bad thing for relayers who want to collect higher fees. But it’s a good thing for the end user because it prevents relayers from creating a collective monopoly to set artificially high fees without being challenged by competition
What do you think?
It might work if a pool of relayers operate what would technically be a single relayer node together. Then that single relayer node would compete with all the other relayers (just as all relayers do now)
TBH tho, this wouldn’t intrinsically align any interests for the sub-relayer pool participants to incentivize this behavior. There’d have to be some kind of external market force to make this economical
For example, if a relayer node operator really wanted to participate in governance with more TORN to vote, then they might be willing to evenly distribute their earned relayer fees with anyone who delegates X amount of TORN to them for voting. This would kind of simulate a sub-relayer pool where membership and fees are granted to TORN stakers