Exotic armor won’t get catalysts but there should be more incentive to masterwork it. A bigger boost to stats compared to legendary would justify the three golf balls.
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Only incentive is if you need the energy for mods. I only started MW’ing exotic gear this season; and that was just to use up golfballs sat in the postmaster so that the drops weren’t being wasted.
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I only do it if I get really good ones now