Blessings

There are 5 blessings, 10.000 gp each (50.000 gp for all). Each one reduces the experience lost on death by 1%. Blessings do not protect items: for that you need an Amulet of Loss (50.000 gp at Eremo).

Without an Amulet of Loss your backpack always falls and each equipped item has a 10% chance to fall. With a red skull you lose everything. Blessings are lost on death.