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Why is there Armor Damage Mitigation Cap but no Armor Penetration Cap?
I don't think ZOS have ever answered this?
This applies to both the Armor 33k cap and the 50% damage reduction when you are at armor cap. The thing is you can't counter or offset Armor Penetration.
Example:
Mayor Breach and Fracture + Minor Breach and Fracture + CP(25% Armor Penetration) + Armor Fracture Weapon Enchantment + Gear Set(Like Night mothers Gaze)= 0 effective armor.