And yet I would like to reintroduce a more complicated method of Hive to HBD conversion.
It would certainly require more coding efforts but in my opinion also provide more benefits.

First it requires the implementation of HBD staking in the same form as Hive power up we have now with the same benefits considering participation in the reward distribution process.

Then the Hive to staked HBD conversion should be implemented with no denial of service ever needed at that case.

The partial denial of service should be implemented only for unstaking HBD, meaning that instead of liquid HBD the corresponding amount of liquid Hive would be unstaked in case of haircut rule being active.