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 divides you damage into 2 halfs.In d1 it did ( good ol cryptic dragon days) but that was way too good. Its still a good option simce it causes massive flinch and has great wallbang potential.