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This card, even without the Cobra, can allow you to turn the tide of battle or completely dominate the other player(s)
Nevertheless, I have won more than a few games because my opponents simply didnt have an answer, and Konda was able to both defend my life total due to his incredibly high Bushido ability and vigilance, while also helping carve away at the rest of the table
It also synergizes well with strategies that leverage life as a resource (such as decks featuring Gray Merchant of Asphodel or Phyrexian Obliterator) where you already expect to pay life or need more cards to keep up momentum
It was even downshifted to common in Pioneer Masters
These buffs range from Master Splicers lord effect to Vital Splicers regeneration, and will help to make your tokens into real threats