Thanks for raising this, it’s a fair comment worth discussing, @maclane also raised it when first presenting the offer. No objections where raised by the 6 non-council members that participated in the discussion after it was presented. One of the points of discussion for how the DAO would operate is having guilds with budgets to execute against the goals without having to go to a token holder vote for each proposal. However you are right that perhaps there should have been a longer period for discussion on the specific details for this proposal.
The Treasury Task Force has been discussing creating Protocol Owned Liquidity in the weekly calls, the T - ETH pair was first discussed on the 14th of Dec 2021.
The blocker for being able to pursue it was needing to acquire ETH and so running a bond program with Olympus was discussed as a way to bootstrap the ETH for this. On the 21st of Dec 2021 the conversation was revisited around using Convex to boost the yields.
The meeting on the 4th of Jan 2022 we discussed moving the rewards from the KEEP - ETH pool to the T - ETH pool on curve but instead of providing them as liquidity rewards making use of bribe.crv or votium as they currently provide a higher yield for LPs. The issue of getting ETH so the DAO could LP to capture the CRV and CVX rewards was surfaced again.
Getting T - ETH POL has also been discussed in the Treasury Task Force thread in the integrations channel.
Currently the governance contracts have not been deployed which is why the council multi sig currently has control of the T treasury funds. In this specific case the lender wears almost all of the risk, in a worst case scenario the treasury would get back the T that it put in. However going forward, what the Treasury Task Force and Council should be able to do before the governance contracts are operational is something we should add to the next calls agenda to put some quantifiable process in place for the interim.