Water Elemental

Where to find

• Sunken Sanctum · 12 spawns · Respawn: 75s
• Mistwild · 8 spawns · Respawn: 75s

Loot

• Wavebreaker Sword1%
• Wavebreaker Greatsword1%
• Wavebreaker Dagger1%
• Wavebreaker Bow1%
• Wavebreaker Iron Plate1%
• Wavebreaker Shadow Garb1%
• Wavebreaker Rune Armor1%
• Wavebreaker Sky Robe1%
• Wavebreaker Iron Helm1%
• Wavebreaker Shadow Hood1%
• Wavebreaker Rune Helm1%
• Wavebreaker Sky Diadem1%
• Golden Treasure Chest7.5%
• Gold Bar12.5%
• Ruby7.5%
• Sapphire7.5%
• Emerald7.5%
• Onyx7.5%
• Moonstone7.5%
• Wavebreaker Shard100%

The chance applies to a monster of your level; if the monster is much weaker than you it drops less often, and events can raise it.