There are a lot of exotics in game that never get used or don’t really feel exotic that need to be reworked.
Reworking existing armor is easier than developing new exotics and can serve the same purpose.
For example exotics that only give you a boost to a stat are just fancy mods, they really don’t do anything special.
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Some exotic armours need a catalyst to reinvigorate them. Take Sealed Ahamkaras for example; you can get blue weapons with the same perk.