Totally agree.
At this point, RPL collateral acts as a significant market entry barrier for new node operators especially. Like, if you want to stake the equivalent of one solo validator (32 ETH) with RP, you need to come up with an additional 9.6 ETH in RPL. This makes it highly unattractive for NOs, who want limited exposure to RPL.
*In comparison, Stader just recently launched their liquid staking protocol on mainnet. They allow for spinning up a 4 ETH bond validator with just 0.4 ETH in SD collateral. So you would only need 0.8 ETH in additional collateral for staking the equivalent of an LEB8 with 2.4 ETH in RPL.
*Just to make sure: I’m in NO way affiliated with Stader, nor am I using their products/services.