And the developers seem to think this is totally ok.
In my experience, anything that doesn't have a commitment to at least fixing security issues for ~5 years, isn't a good choice for business. Businesses don't want to tie their internal development and release cadence to an external development team with less than 3 year cycles, ideally 5+.
I've seen it time and again over dozens of companies. There is no time to qualify apps for new major/minor releases. Anything that doesn't have a LTS release story is just not something I can feel good about deploying in my business.