So clicking the Avatar will still have the menu

I think it should definitely remain that way. I'm not that familiar with these things, but I would like to see an alternative method. The logout button is also intuitive to find there.

One more thing: Although it is not yet in the current Condenser code and I don't know whether it will ever be integrated by those responsible (I feel the same way as you), please also keep the bookmarks in mind. Further progress has suffered a little due to my Hivemind troubleshooting, but the basic function is almost finished...
I think the bookmarks could be placed in the "More" menu and in the avatar menu.

the idea of "don't make me think"

Right. When I read about this "rule" the other day, I questioned it for this reason. I would see exceptions in the following cases:

• the icon is very clearly recognisable,
• the function behind it is immediately obvious or
• it is a generally known icon (for example, the floppy disc for saving - although no one in the younger generation is likely to have ever seen a floppy disc in the wild, almost everyone knows the function of this icon).

In this respect, you could dispense with the text only if you use correspondingly effective icons. Otherwise, the text is rather helpful.