[PIP-12]Restrict Available Tenors on Pine Platform to 7 & 14-day Durations

Motivation: In an effort to streamline our lending process and enhance liquidity, we propose restricting the available loan tenors on the Pine Platform to 7-day and 14-day durations only. An on-chain analysis of prior loans shows that a majority of loans taking place on the Pine Platform are of the 7 or 14 day variety. The current variety of tenors, while providing flexibility, may also lead to liquidity fragmentation and could potentially make it more challenging for borrowers to find matching offers.

Specifications: This proposal aims to reduce the available loan tenors to just two options: 7-day and 14-day. These durations are chosen based on their popularity among our users and their suitability for a wide range of use cases.

Benefits:

Enhanced Liquidity: Reducing the number of tenors can consolidate our loan offers, making it easier for borrowers to match with lenders. This could in turn lead to increased loan activity and a more efficient marketplace.

Simplified Decision Making: A more focused set of tenor options can simplify the decision-making process for both lenders and borrowers, potentially lowering barriers to entry for new users.

Improved Market Predictability: A more standardized tenor system could contribute to a more predictable marketplace, aiding participants in making more informed decisions.

Voting Options:

For: You agree with the proposal to restrict the available tenors to 7-day and 14-day durations.

Against: You disagree with the proposal and believe the current tenor system should remain in place.

Conclusion: If this proposal is accepted, the Pine Protocol development team will initiate the necessary changes to our platform and aim to implement the new tenor system within a reasonable timeframe. We will keep the community informed of our progress throughout this process. We welcome discussion and debate on this proposal. Our goal is to continually enhance the Pine platform and align our decisions with the interests of our community.