I like it in general, it is a very lean approach. No “if and than and maybe”. It follows the SMART goal definition rules - no interpretation needed. That is good, very easy to measure.
If the team does not like to lose tokens due to “forced burns” also a 1:1 or even something like 1:10 would be ok for me. (we should just calculate that the netto unlocking does not change too much for the team and we avoid the discussion of beeing forced to burning some of their stakes (that will not happen - Nevin is clear about it - and I also prefer that all the “savings account” can be used by the team for the projects future with some flexibility.) Let’s see how to get it long term sustainable and not leading to a flash in the pan - e.g. a forced burn of a huge portion.
Long story short, it is a nice idea due to the clear and easy link to the projects success and TVL. The main point of dicussion will be the ratio.