So this is for a 2 year period where one set cycle will happen? What happens after it? A new proposal?

I think 2 years is WAY too long for a set cycle

I would also like to know how the repayment is covered? Is it measured in dec or usd or something else? Eg if most of that 2 years dec is well below peg as we are giving it out and then the short time the dao receives it it is close peg how does that work?

If it is measures in usd then I see that being very bad for the dao. As we would likely give out a lot more dec than we receive back in.

I would like more clarity on that and the expectations around the set cycle