If you think the bonuses offered are too lucrative for being an LPC, then you should become an LPC and take advantage of it. So far, only one person has submitted a proposal that would allow them to claim one of the most recent bonuses offered.
Having a large number of LPCs is a critical part of the design. I’m sure both KTm and Jamie regret the low rates they offered for their services, and my guess is that they are not that interested in continuing as LPCs. Perhaps more importantly, using custodial grant funds as they are is not optimal because they have to be highly trusted and can easily walk with those funds, should they choose to. Having LPCs provide their own funds lowers the trust extended, protecting shareholders. No one has stepped forward to function as a true LPC outside of an NSR bonus program. It is an intimidating role that has risks associated with it. It is frightening to hand your money over to a trading bot you are not familiar with. Once people do it, it is no longer as intimidating and their risks can be quantified better at that point as well (based on previous results). They find they can operate profitably for much less than their initial high compensation.
Regarding the sustainability of LPC operations, the price being offered now is about 25% less than a month and a half ago. That is a very sustainable pricing trend. I have tried to make it clear that I expect the pricing to continue to drop rapidly, and I am confident it will. I have also proposed an evolution of liquidity operations that I am sure will lower costs even further than what would occur with our current approach to liquidity operations.
Some alternatives have been proposed in this thread. I encourage the development of those alternatives. However, we cannot wait for unproven alternatives to materialize. We need to develop a market for LPC services now. Not doing so puts the peg at risk. I believe offering the bonuses is a responsible action that can be expected to provide considerable benefit to shareholders.
If you believe shareholders are opposed to what I have done I suggest you advance a motion instructing me to cease offering such bonuses. If it passes, I will certainly abide by it.