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2025-06-04 20:52:20 UTC
in reply to

Marinatin on Nostr: So strike can you just bake some recourse into the agreement for the lendee if you ...

So can you just bake some recourse into the agreement for the lendee if you move the portion of the reserve in the wallet tied to their loan? In such a case, no one wants to deal with legal, so the varsity move would be to have a smart contract that triggers the BTC collateral get shoved back to the lendee and then it's on Strike to unwind the loan. If you're unwilling to do this, then this is agreement is simply reduced to "trust me bro". If that's what it has to be for now, then I'm sure there's a large market who will bite because they dont actually understand the fine print and hopefully that allows the product to mature over time.