Revault works today, without covenants. If a large institution need a Bitcoin vault today, we can help them integrate it. Don't expect it to be simple to deploy, but it works.
If you needed Vaults so bad, you would already use some.
Sure, UX without covenants is a massive pain, but if it's enough to deter 100% of people and companies, maybe it's not that "needed" after all.
Don't get me wrong, as a builder on later 1, I absolutely want covenants. 1/5
