The proposed values are too large for an initial grant. Various points against this proposal have already been made by many members, but I think there is merit to supporting liquidity for specific pairs on Osmosis for a trial period.
Referring to previous proposals that had strong support for an initial bootstrapping incentive:
- Bringing Terra stablecoins to Solana
- Bringing Terra stablecoins to Solana pt. 2 (and beyond) - #2 by Bryan_Roland
Given that this would be strategic partnership between the ecosystem, I would strongly encourage that the proposer submits a budget somewhere along the lines of plan outlined in the above links.
Additionally, I would definitely like to see matched incentives by the Osmosis community on every incentivized pair that the Terra community sees fit to provide rewards. With regards to the specific number of pairs incentivized, I think starting off with OSMO-UST, LUNA-UST, and USDC-UST as the initial three pairs for 8 weeks and than re-evaluating afterwards will be more than sufficient.
In the future, teams that would like to incentivize their pools on a DEX (separate from LP existing LP rewards) should provide a matched incentivization program which can be voted on by both communities.