Each connected calendar now has its own sync window, set separately for the past and the future: one week, one month, three months, six months, twelve months or two years. The default is one month back and two years ahead.
Before this release, every calendar copied the same span of time, so a calendar you joined for a single project could drag years of history into the calendar you use every day.
Keeper.sh stops fetching outside the window, so a calendar with years of history syncs faster, and copies that fall outside a narrowed window are removed. Saving a new window requests a sync straight away, so widening it fills in the extra history at once.
How far back and ahead events are copied explains the window and what narrowing it removes.