I think the general principle of the proposal is solid.

Steem Monsters will not have to worry about being able to continue operations, the community should be getting less sale driven events and more actual development.

What I would be interested in is:

• is the 20% premium a fair assessment of the additional risk the DAO is taking? (As in - not doing this but using HBD interest rate as opportunity costs / discount rate - makes this feel a large risk at minimal benefit)
• how would the 20% be calculated (as in: proposed payments to Steem Monsters is daily - does this mean: total amount payed until new set released = days payed *5500 x 1.2 or does this mean the DAO is expecting to recover 2x $2m x 1.2 = $ 4.8m ? (Might sound irrelevant, but if there is only one sale at mid year 1 - it would result in a poor result compared to just save HBD.)

Overall interesting!