I addressed this is in Discord but I'll share my thoughts here as well for posterity:
The APR is very incorrect. We'd be paying 5% discount on tokens with the 30 day lockup. 5% of whatever is sold also goes to sushiswap. If we sell nothing, we pay nothing at all and just keep our tokens.
I love this concept of making a more sustainable DeFi and the DAO owning liquidity positions = income for the DAO. I'd like us to consider that something like this (even if not this exact deal) is a much better approach to defi than spending hundreds of millions of tokens to rent liquidity for another 3 years that all goes away when we stop the payments.
RE: SPS Governance Proposal - SushiSwap Bonding Protocol Launch Partnership