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Default fee & repayment grace period #5

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krosza opened this issue Aug 8, 2017 · 1 comment
Closed

Default fee & repayment grace period #5

krosza opened this issue Aug 8, 2017 · 1 comment

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@krosza
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krosza commented Aug 8, 2017

Proposal: dailly 1 thousandth of the amount due, from the maturity day after, reason: the outstanding due and not repaid cause an inflationary push.User must have incentive to be punctual. The default fee equal with the accrued thousandth during the grace period.

@szerintedmi
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Repayment grace period has been removed, only maturity is stored. User can repay anytime before maturity.
On UI any loan can be repayed before maturity but we display "due" 2 days (can be changed) before maturity

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