Antonio Juliano, founder and CEO of dYdX, wants to add another layer to the decentralized financial stack, and dYdX is doing this by building a protocol that lets you go short or get leverage on any c…
Radar Relay: Reliable Token Trading
Zach had a refreshing chat with Alan Curtis, the CEO and co-founder of Radar Relay, a peer-to-peer trading platform for Ethereum-based tokens built on the 0x protocol. Radar allows for direct wall-to-wall trading, which means that you never lose custody of your tokens.
Here’s what Alan shared with us today:
A decentralized solution to the operational risk of attack
The token economy is the intersection of two systems: the token system and the exchange (mediated or peer-to-peer) system. The goal of what they are building at Radar is to connect these two systems. The most immediate problem that they are solving today with Radar Relay is operational risk.
Introducing the relayer category
Radar Relay is a relayer, not an exchange, because user funds are not held. Creating the category of a relayer is a highly disciplined and focused act. You have to frame the problem and create the vocabulary to describe that problem. The flipside of category creation is education. You can’t just introduce a third category, it’s going to take some time.
Potential use cases for Radar Relay
When people use them for the first time, they think that it might be just like a brokerage that they’ve used before. Because of their architecture, there are adding two new ideas: more advanced financial instruments and token processing.
- Decentralized exchanges are an important part of the ecosystem
- Unlike a centralized exchange, a decentralized exchange doesn’t know who their customers are
- Radar Relay is the market leader DEX in terms of volume