- Talk to Yaya (H-9, Under the Fisherman's Guild) for a cutscene and to start the quest.
- Talk to Oswald (I-9, Inside the Shepherd's Muster) who mentions he lost his favorite ring.
- Talk to Jimaida (H-9, behind Yaya) who tells you to go talk to Zaldon. (H-9, Fishermen's Guild)
- Zaldon mentions that Greedies like to swallow shiny things.
- Trade Zaldon the Fat Greedie to obtain the Key Item: Etched Ring.
- Return to Oswald for your reward.
- Oswald (Shepherd's Muster, Selbina)
- Oswald needs help retrieving his ring from the jaws of the ocean.
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