To get this bow you'll have to hunt down Ice Chest Mimics in the underground snow biome. They have a 28.5% chance of actually dropping it. This bow will turn any arrow into a frost arrow while still keeping the arrow damage. Frost arrows travel at higher velocity and also light up the place.
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The Ice Bow is a ranged bow-type weapon dropped by Mimics that are disguised as Ice Chests, and...