Hey NeverAnIsland, thanks for response. The key elements for unlocking TVL growth are bond curves and delegation. Bond curves allow more protocol ETH to be safely deployed by a NO (when combined with megapools). Delegation allows the NO to deploy that ETH without also shouldering sole responsibility for the full amount of RPL collateral - instead, that demand can be met by many small RPL holders.
The issue with the current “delegate RPL” system is that all RPL must come from a single party (barring complex and trustful setups). Whale marriages would be significantly more powerful if smaller RPL holders could participate. RocketLend and Constellation are two methods of achieving that (and there is space for both to exist on top of our proposal), but solving the issue at the protocol level is most effective. Both of these approaches would likely lead to protocol growth, but we unlock maximal benefits by implementing it at the protocol level.
Worth noting that NodeSet have raised their concerns about the rework proposal and believe it may hinder Constellation’s positive effects on RP. Full disclosure, 1kx has invested in NodeSet.