When the protocol originally launched, the TrueFi team chose to start with a maximum duration of 30 days for loans. I would like to begin an ongoing conversation about extending the maximum duration. Grapefruit Trading is currently borrowing on a 30-day agreement, but we would use the protocol more if we could get the duration increased, and I believe other users feel the same way. The kind of users TrueFi is trying to attract are interested in longer agreements. Having a short duration, such as 30-days, can be a deterrent for larger users who think on a 6-12 month scale.
I suggest extending the 30-day window to 90-days now, and once the first 90-day loan is paid back, the protocol should consider moving to a 180-day window.
Please vote YES on the below poll if you agree the maximum duration should be extended from 30 days to 90 days. Vote NO if you disagree. Comments and feedback are welcomed.
If this poll is favoring yes by the end of the day on Friday, 1/8, I will post a TIP on Saturday, 1/9.