Yes, new relays could enter the market by offering low fees to start with and then increase them as they build their reputation.

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I love this idea.

You could also have an amboss style monitoring system for relays, giving stats for things like uptime, connectivity, fees etc which feeds into the suggestion algorithm.

It would need to be carefully designed to avoid it being gamed, but uptime is a critical metric. It’s one I’ve focused on myself, after having so many go offline in my client.

Agreed