You mean basically doing iron banner bounties, for reskinned year 1 armor? At least you get to use the old ornaments
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Yes that Is true, I'm just saying the iron banner "quest" is a very good way to add progression during the event. It's an improvement, once they add new armor than it will be good. Also I want to mention that you can start using iron banner armor more efficiently given opulence mod slot was added to it. There definitely going in the right direction for sure.