Obelisk of Undying

When I saw the new respawn block added in the recent snapshot, I had an idea. Called the 'Obelisk of Undying' (Name suggestions welcome), this block would teleport the player to it when they die. However, it must be placed upon a beacon base of gold or better, and must be fueled by a totem of undying, or a nether star. When the Obelisk is fueled with a totem, the totem is used up, and the player is teleported to the Obelisk. If a nether star is used, the Obelisk has three charges, but no totem effect. However, unlike a beacon, the Obelisk does not have to have open space above it, allowing for use in the nether.

Crafting (From top left to bottom right on a crafting table):

Block of Diamond; Respawn Anchor; Block of Diamond

Netherite Ingot; Beacon; Netherite Ingot;

Block of Gold; Totem of Undying; Block of Gold;

By being rather expensive to make, and use, I believe the cost/gain is balanced. Feel free to change some aspects of the block, as it definitely could be improved upon.