Welcome to Mmooffers, hope you have a wonderful time in game. We got the information in other site for Flyff players, hope it can help you more or less.
Generally, in a single class of drop, the lower level(Flyff Penya) giants have lower rates than the higher levelled ones. The Carrierbomb, being the lowest Historic dropper, has the lowest rates on them. The Carrier is pretty good about dropping blues and Icycle Shields, so he's still worth hunting if you aree just gianting for money. Aria is right about the 2 levels above thing. In my experience, about 10-15% of your kills when you are 2 levels above a giant will give you absolutely nothing, not even Penya.
You can reduce this effect a bit with party drop skills, but it's still a big hit in your potential profits. When you are 3 levels(Flyff gold) above a giant, it jumps to 20-30% of your kills resulting in absolutely nothing. We also go by the 3 below to 1 above "rule". If you can survive, you can go at a larger gap below the giant's level, but it does noticeably impact blue drops. It may affect rares but we are not sure.
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