The 10 second respawn timer is a little ridiculous, and the amount of rep awarded from completing matches could definitely be higher, but other than that I'm enjoying rift.
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If the 10 second respawn timer would be lower, players would feel less punished and would play less cautious, which isn't Bungies intention for the game pace in the game mode. Look at it in comparison to Overwatch. Your average respawn timer as defender there is also ca. 8s long and also includes running back to the objective. This is due to prevent "snowballing" where both teams constantly go back and forth. For instance a rare match occurrence I had yesterday. Both teams in that match didn't land the first goal within the time so it went into overtime with the last spark which the enemies scored. Both teams were very equal in skill and play. Since Destiny 2 doesn't have fixed spawn rooms they compensate with a slightly longer respawn timer