Less punitive Versailles and interwar politics

If Germany were not blamed for the First World War, how would that affect Hitler's rise during the interwar years?

A less punitive settlement might weaken some German grievance narratives, but the argument here is that Hitler could exploit other resentments.

The scenario assumes Germany escapes blame for the First World War, although its role in making the wider conflict viable makes that premise difficult. A less punitive Treaty of Versailles might weaken the stab-in-the-back narrative and resentment of outside powers. The argument here is that Hitler's political and rhetorical effectiveness would still let him exploit other grievances. A different peace settlement therefore does not guarantee that his movement fails. France's losses and demand for compensation also constrain how lenient a settlement could be.