I appreciate your thoughts put into this and I may be repeating what I said in some of the tweets but, here's how I see it.

Some of the things you mention were never a risk for zing, i.e. it going to 0 and people losing "everything", this was never an option in my book. I know people are used to this on other chains farming random tokens but unless something catastrophic happened out of our control zing could've never gone to "0".

LP's also receive .25% fee on every swap so it's not just all about the zing rewards. Many provide liquidity without any rewards and they do okay. (I'd be interested in knowing how much you've earned from the swap fees after having provided liquidity for as long as you have)

Hive-engine in general was never meant to be the only LP in existence as it is a bit different compared to others, we were hoping we'd have pegged zing on other chains and allow for easy arbitrating and rewarding those providing liquidity there as well, that would've gotten us a lot more liquidity potentially which could've kept the price more stable during big trades.

On the other side of the coin we also have changes to delegations and staking which were upped to make up for the difference in APR which mainly happened due to the lack of liquidity on the LP. While this may not have been the best move it helped keep delegators happy when prices were low but it seems quite obvious that this is the preferred method which may have caused liquidity on the LP to stay this low on second thought. We have almost 90% of all zing staked currently so we'll be assessing further changes to the reward distribution not just for the LP but also for the other methods, for some it may seem like a nerf but it may fit in well with our upcoming achievements to be more of a "moving distribution around".

Anyway, while the LP is important and a big reason we have spent a lot of issuance towards it, we just wanna make sure it starts to scale over time because if that amount made the price go up that much a similar amount may drop it down as well which isn't nice to witness if a bad actor has something against money or the project.

It's also a bit unfortunate how deserted the books seem on hive-engine to fix the spread compared to the LP, maybe the bots got outdated or got tired of having to figure out what's wrong with the l2 over time.