The Lycan's Bane Silver Axe is a special axe type weapon that can be obtained by completing Gypsy Phoenix's first quest. In this mission, you are required to defeat nine Rogue Huntresses and collect the bars of silver that they stole from the fortress treasury. The Lycan's Bane Silver Axe has two wavy heads attatched to a long wooden handle. It is classified as a power weapon and has a yellow icon background coloration. It can also be sold for a large sum of gold coins.
It is notable for being the only melee weapon with the ability to damage the Werewolf and the Lycan.