The duration was originally set to two years based on feedback from the initial sentiment polls. However, after I discussed @joshs’s comments on the Hybrid Deferred Dev Fund with @peacemonger, we decided to amend the duration from two years to one year to better align the proposal with @peacemonger’s original vision.
Yes, the one year limit is an attempt to incentivize the community to work together quickly to develop and implement a grants-based, non-direct funding model. In retrospect, it might have made sense to have both a one-year and two-year version of this proposal to give the community more optionality.