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In 2nd level (10 nodes) the rate increases to +10 percent crit percentage, but the reduction in crit damage remains at -12%. This is the same at 3rd level (all 15 nodes), where it hits +20% crit rate, however, it remains 12% crit damage. If you're landing critical hits that often, you probably aren't bothered by each hit not hitting as hard.
Be aware that if just four nodes are litup, engravings won't make any difference. If you do manage in accumulating enough bonuses to illuminate more than 15 nodes, that extra has no effect.
There's a third type of engraving. There are a few disadvantages, and can reduce your attack speed, damage, defense, or your speed of movement. I'll come back to these jerks in the future. How do I unlock Lost Ark engraving recipes.
When you have completed the West Luterra part in Lost Ark, two slots in your profile's gear tab unlock beneath that slot for weapons. Each one of them can have an engravings within them. You'll see both equippable classes engravings as well as battle (or "combat") engravings in their submenu, which can be opened when you press alt-I. In the beginning, you don't have anything to equip buy Lost Ark Gold, because you need to learn how to make them through reading recipes.