So I heard that it does buff your damage in PvE, and it already reduces drop off damage.
If both of these work in PvP that will be absolutely one of the best perks not only in Endgame PvE but also in PvP
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No, it doesn’t. EP, however is still one of the best perks in PvP because like you said before it reduces damage dropoff but it also increases flinch and quite alot. It’s why Fatebringer is one of the best weapons in PvP.