Right on man!
We're working on it right now.
One stipulation before users can request loans is that the recovery account of the user be signed over to the @hive.loans account 30 days before requesting a loan. This ensures that nobody can break the account as collateral contract.
The site will have a free to use automated account recovery service available to everyone. Which is helpful because many users here on HIVE still have the steem account as their recovery contact.
Currently thinking about another method that does not involve the 30 day recovery account signing to @hive.loans as well. We'll see which one is more secure and go with that.
Thanks for explaining and good luck with @hive.loans
If I can do anything then please feel free to ask me after 1st July via Twitter or Here on Hive
Thanks for the offer of help. Will let you know!