My thoughts are:
- We should definitely do this or something very similar to this
- We should start with enough time vault options that make it worth building a layer 2. If we only have a 1 year option, is that enough for someone to start building a layer 2 application? Probably not in my opinion. It gives us a sense if it is worth adding more options, but I think we already know it is worth it so we might as well go for it on the first pass instead of trying to double back in 6 months when developers are on to something else.
My questions are:
- Should time locked HBD count toward the haircut rule? Since it can’t immediately be withdrawn, maybe not?
- Who sets the rates? Witnesses I assume? Or is it a hard coded rate by the base code?