I think for the purpose that the current operations exist, they don't need to be shortened, and it wouldn't be a good idea to shorten them much. They're not well designed to be used for instant liquidity. That should be addressed other ways.

The issue with the 5% fee is requiring the peg to break in order to increase supply. Making it tighter would improve that. Also, we don't see it now because there is little enough demand that the printing for post rewards mostly satisfies it, but $1-$1.05 peg would tend to float in the middle, not right at $1. So we'd tend to see overvalued HBD a lot, were it not for all the post rewards being dumped.