The Lantern of Hope is a Rare accessory with a 5% Drop from the Pika-Pika user in Dungeons.
It gives 25 HP and +0.5 Health Regen.
The level requirement to trade it is 250+.
This is one of the few cosmetics that can't be vanity toggled, meaning you can't choose whether or not this cosmetic shows on your avatar when equipped.