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When people die inside Elder Tale they respawn in the Cathedral.
In the first episode a penalty for dying was mentioned. However, no specifics were given.

Does the light novel or the manga shed some light on what the penalty (or penalties) might be?

JNat
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2 Answers2

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This is covered later in the LNs (which are being translated and are available here):

  • Adventurers lose EXP while NPCs die for real.
  • However, there is an additional penalty that is not obvious: when an adventurer dies they lose some of their memories.

Major spoiler:

If the cathedral is destroyed, adventurers cannot respawn and die for real.

JNat
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Lawton
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The newest episode states: resurrection will cause a loss of EXP.

My guess for dying:

  • (the same)
  • people can take your stuff
  • takes time to "come back to life"
  • you lose part of your equipment
senshin
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user3237
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    You do not lose your equipment upon death. During one of the early scenes with the bandits, the bandits are forcing characters to strip off their armor at knife-point because if it is not unequipped before death they will keep it. – Lawton Jan 06 '14 at 20:47