Well I certainly cannot speak to the technicalways of creating this so that will have to be directed to people a lot more capable than myself.
Yes bonds pay at maturity yet the bond idea is, at this point, a layer 2 solution. At the base layer, it is more akin to a CD or savings bond. The liquidity is not at the base layer, under this scenario, unless there is a penalty for early withdrawal like other people brought up.
Of course, if that path wants to be pursued at the base layer, it could but then we would add a lot more complexity to the equation. Certainly, that might extend the time to plan/develop.
I would say a weighted average somehow makes sense. We know something that is 5 weeks from expiration is a greater threat than HBD that was locked up a week ago. How that will calculated is a topic for discussion.
Of course, there is another factor in this: a lot of the vulnerability of the debt comes from the value tied to HBD. If we have no use cases and it is only used to create more HBD, than we have a tremendous flaw there. However, if we starts to become build out with derivatives, payments, used for funding, and being collateralized, then we are dealing with something completely different.
As always we are dealing with things from a holistic poerspective as opposed to being in a vacuum.
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