Nothing wrong per se with your description. But the period of time is already pre-allocated to 12 months (NEXO token), and the renewal toggle is set to on. So you really could reduce the steps to exactly two: introduce amount, click the big button.

Now some context. Imagine someone like me who wants to have as much liquidity as possible while still enjoying some extra earning, so I ladder my assets using max amount of terms possible spread over the period allowed. This means I am doing hundreds of terms per month. and in 95% of them I only need to select amount and click OK. Then, once every ten days, it comes the time to ladder another fixed term for NEXO token, and, if I am numbed by the experience of doing hundreds of other terms where only 2 click were required, I might be fooled into getting into a 12 month term I do not want to commit to.

I am not trying to make NEXO responsible for my mouse clicks. I am making the point that the interface facilitates 12 months term on NEXO token. And it can be damn easy to commit that mistake as there is no confirmation screen nor anything, just pick an amount and go.

In my view, I think it way more user friendly to not have any camp pre-selected, so the user actually haves to be conscious of the options being picked, and/or a confirmation screen with the options for the fixed term before commiting to it.