Pantheon - Update#46, On Death in Pantheon
Visionary Realms talks about how death works in the games latest update.
On Death in Pantheon
The world of Pantheon is fraught with danger. With perils around every corner the player must be prepared when exploring the world of Terminus. Exploring is very important to us as is respecting your environment. While it is easy for us to make an area dangerous to get through it is hard to place the player in a situation where they truly fear their surroundings if they do not fear the consequences of death.
Being a fallen hero, players are familiar with breaking the bonds of death and being reborn. Of course being reborn means you come into the world with nothing but the skin on your back and some conveniently placed clothing, that is if you choose to embrace death and release. If not, you can sit above a corpse like a ghostly watcher, for a period of time, while you wait for someone to offer you a resurrection.
Regardless of the route you choose, your corpse is an important thing because not only does it hold all of your gear but a portion of your experience. Experience is a measure of how powerful you have become but, like most things, what has been gained can also be lost. This means that losing too much XP can reduce your level making that corpse even more important.
Release: In development