The Shanty's Waders are a new footwear slot artifact released in the recent Time of Legends expansion. The boots swap more hitch chance for less defense. These are great boots to grab if you need to swap 10 HCI for -5 DCI. Used when trying to customize mods to fit better. This is a great item in Ultima Online for balancing out the 2 stats.
Hit Chance Increase 10%
Defense Chance Increase (-5%)