The two abilities it has are protection, which gives you protection from everything until your next turn when it enters, and card draw, which causes you to lose life in a roundabout way
Other things may still cause players to pay life, such as a resolving spell or ability
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Legendary Creature - Human Assassin Fear of Missing Out When this creature enters, discard a card, then draw a card
This triggers on attacking creatures you control dying but notably also on blocking creatures your opponents control, regardless of who is attacking them