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You see a butterfly ring (Arm:2, protection death +3%).
It can only be wielded properly by players of level 50 or higher.
It weighs 1.20 oz.
Notes
Very easily obtained ring with permanent 2 armor and 3% death protection.
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Obtained in the Threatened Dreams Quest.
Spoiler ends here.
History
At the beginning of the test server to the Summer Update 2017, it had 10% death protection, and was meant to have 15 charges which would be drained when taking death damage only. These charges were however not visible in the description, which led to quite a bit of confusion as well as the reduction down to 3% death protection. In the end, the decision was made for the ring to be permanent with the weaker attributes.
