For i would already trust the 20% pay out rate on collateral with the current 3day lock in system we already have operating.

That is true. The one challenge I see is that it is a 3 day lock, not a 3 day commitment. The three day lock is only in place after one going to liquidate. If not, the lock up in simply ongoing.

With a term, you have 1 year from the date the HBD is put in. This means that we know exactly the day it will be released.

I guess you could build a system that allows to people start the liquidation process upon entering. Or perhaps a system that has it open ended. It is something I will give some thought to.

If being done on the second layer, and using for short term purposes, there certainly is some flexibility.

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