The Velodrome team did share this proposal with members of the Optimism team before posting on this forum. This is not an endorsement or “pre-check” of the proposal contents, but their statement is true.
Sharing my own opinion as an individual: I think this is a valid Phase 1 proposal because it’s still describing a potential token allocation from the GovFund — but instead of distributing those tokens to a project, they’re held for liquidity pairing.