I've completed the dungeon and it's a lot of fun I think it's the best one since destiny 2 started.
The armor especially for titan is actually pretty nice.
Are we only able to do it once a week to get rewards?
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Yes it's bugged right now, however normal and master have separate loot pools so you can get rewards twice. It's also rewarding to do it on master since it drops armor with an extra mod slot that can equip seasonal mods. Really nice