On top of the balance changes, Gods at War will also replace the current PvP directives with a new ladder system, allowing players to climb the ranks for bragging rights and in-game rewards. In addition to earning rewards for reaching certain milestones on the PvP ladder, players will also be rewarded based on their ranks at the end of every season, with prizes ranging from consumables to legendary weapons. And last, but not least, the update will add PvP Happy Hours, specific time windows during which rewards from PvP activities will be significantly increased. The Gods at War update will be dropping Wednesday, July 11th, on PC and Thursday, July 12th, on Xbox and PS4.
Source: Skyforge official site