Valor Points in Shadowlands come with patch 9.0.5
World of Warcraft is struggling hard against the optimization of mythic + dungeon systems. Currently, no matter how high the level is, the maximum item we get will have 210 item level. This treatment was used so that the raids bring the best equipment. It turned out that a very large group from the Shadowlands community thinks that this is not a good solution and asks Blizzard to rethink this aspect.
Valor Points are back
Valor Points will be back in the game with Shadowlands 9.0.5 update. Thanks to them, we will be able to improve the weapons and armor that we receive after completing Mythic Keystone dungeons. The first stage will allow you to upgrade to level 200. However, if we manage to complete all Mythic + dungeons at difficulty level 15 and above, we will also be able to upgrade items at level 220.
Blizzard published a post in which he thoroughly explains the new mechanics.
Upgradable Mythic Keystone Gear – The Return of Valor Points We’ve seen a lot of feedback about the pros and cons of the various sources of gear in the Shadowlands endgame. After a rewarding first few weeks, we know that many dungeon-focused players reached a point where the only relevant rewards from the system come from the Great Vault. While the Vault should represent a major goal and the source of the best rewards the endgame has to offer, we want to find a way for the loot from the chest at the end of a challenging Mythic Keystone run to feel relevant, without bringing back random upgrade systems such as Warforging, which partially solved this problem in the past. We also want to provide a more consistent reward for the effort for players who do not receive an item at all. The framework for a system that attempts to address these goals should be present in this first PTR update, subject to ongoing tuning and refinement. Gear from Mythic Keystone Dungeons is now upgradeable, initially with a cap of item level 200, which players can raise to item level 207 by completing all eight Shadowlands dungeons at Mythic 5 or higher. This will award a new “Keystone Explorer” achievement, while the existing “Keystone Conqueror” achievement (for all +10s or higher) will increase the cap to item level 213, and then to item level 220 by completing the “Keystone Master” achievement for all +15s in time. The currency used to upgrade Mythic Keystone gear is Valor, which is earned from completing Mythic Keystone dungeons, or by doing covenant Callings, with a weekly cap. Upgrade costs will vary by item slot and will be consistent across all item levels.
Not only to upgrade Mythic + items
There will also be an exchange of Valor Points for a backpack full of crafting items - Heavy Calloused Hide, Lightless Silk, and Elethium Ore. Merchant Ko'tul can be found in Great Vault in Oribos. Currently, to obtain such an item in Shadowlands, you need to pay 750 Valor Points, the price of which many players think is too high. For World of Warcraft players who do not do Mythic + dungeons, there is also an option to acquire Valor points, but it is very time-consuming. Each daily Covenant quest will provide you with 35 points - this number is so low that it will be hard to earn enough Valor Points. It's always better than nothing.