CTV+CSFS: Can we reach consensus on a first step towards covenants?

[1440000bytes]

@AntoineP

Meanwhile Bob McElrath stated that from his experience researching vaults for years at Fidelity Digital Asset, one of the largest Bitcoin custodians in the world, vaults sounded like a good idea but were not in practice. The CEO of Nunchuk, a popular Bitcoin wallet in operation since 2021, stated that after investigating vaults he did not believe those were practical for end users (“plebs”). The CEO of Wizardsardine, who spent years developing vaults and otherwise developing advanced custody products also stated that in practice the revealed preferences of people is that they’d rather not take on the burden that comes with managing a vault.

There are several other developers and users who need vaults with covenants. This includes companies with successful products and services.

What do others achieve by blocking someone from using different types of vaults?