Literally every single event is recycling, we had them last year, there is zero point doing them if you not new player.

I see where you're coming from, but not all events need to be some big progression thing. As a newer player coming from other mmos, events/festivals are usually there to meet up with friends and do fun activites and get some cool bonus rewards for participating. I actually look forward to festivals a lot in games, because it breaks up the day to day play and adds in some other fun things to do alongside Holidays and other events. Most other mmos recycle their Holiday events too, which is better than getting nothing at all, but definitely agreed they should rotate in some new activities and rewards for veteran players as well.

Innocence Mk XII has very good loot..