Currently there is one option - record 12 seconds from an event every 5 minutes max (cooldown period).
Since a primary use case for this feature is security, I would much prefer a longer record time to perhaps capture more action - the face of the bad guy etc.
Obviously the ‘free’ 12 seconds is not free to Wyze who have to devote server resources for this storage but adding two more options could actually reduce server storage needs
12 S recording every 5 mins = 144 Seconds /Hr max ( default)
30 S recording every 30 minutes = 60 Seconds /Hr max
60 S recording every hour = 60 seconds/Hr max
Both of the longer options record fewer frames of material than the default.
Myself I would choose the 60 S option since I really don’t expect a burglar to show up every 5 minutes anyway!