From Neverwinter Wiki
Binds on Equip
Recharge Time: 1s
Use: Mount your steed. Increases your movement speed by 50%.
You can be dismounted if you suffer 3 hits in 5 seconds, or lose 10% or more of your hitpoints in a single attack.
A common horse breed, seen frequently in use by adventurers and as pack and work animals.
Requires Level: 20