Liquidium is proposing an update to its loan duration options following low usage of its 3-day term. If passed, the change would see the removal of the 3-day option in favour of a new 10-day term, joining the existing 5- and 7-day durations. The proposal is open for voting from 8 to 15 July, with implementation planned between 15 and 31 July if approved.
Since the introduction of 3-, 5-, and 7-day loans on 26 May, the 3-day term has accounted for just 1.85 per cent of the combined loan volume across those three options. Of the 1,653 loans issued within that range, only 137 were for three days. When compared to the entire platform’s loan activity, the 3-day option makes up less than 1 per cent of overall volume.
The limited uptake suggests that the compressed duration has not matched the needs of most borrowers and lenders, both in terms of timing and yield potential. Under Liquidium’s points system, loan durations with less than 5 per cent usage are not eligible for rewards. This has led to accidental points loss among users who may have assumed all options carried equal value. By removing the 3-day term, the platform aims to prevent further reward forfeitures and streamline the loan creation process.
The proposed addition of a 10-day term is intended to offer more flexibility while encouraging longer commitments, which tend to align better with the platform’s reward and liquidity dynamics. The team behind the proposal notes that this change would create a cleaner and more efficient interface and reflect the actual borrowing patterns seen across the platform.
If the vote passes, development work will begin to update both the user interface and backend systems, led by the team at Fungus Inc. Full details of the rollout will be shared with the community at least 72 hours ahead of deployment, in line with Liquidium’s standard practice.
The proposed update reflects an effort to respond to usage data and community feedback, while improving user experience and reward consistency. With voting underway, the coming weeks will determine whether the Liquidium community supports the shift to a 5-7-10 day loan structure.
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