You bring up multiple compelling points we did not fully consider at the time of writing this proposal, mostly due to the fact that SS was the only live AMM DEX at the time. With the super successful launch of Minswap we recognize this strategy of DEX selection must be entirely reconsidered, perhaps as its own individual proposal.
The bonding program is a very interesting idea to grow the DAO Treasury’s balance sheet beyond LQ tokens which I am personally a huge fan of, even if it means a short term selling pressure it also means as you explained the ability for the protocol to own assets (and earn the fees from the LP tokens).
My main response to this take is how the community will decide 1. the number of DEXs to include in this liquidity program and 2. the threshold/metrics used to objectively analyze each DEX. These are both open questions but it’s up to the community to decide calculated frameworks for both of these.