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Caring about multicolor permanents when theres very few of them in EOE in the first place is a big downside

You can cast it for as much mana as you have available, making it a scalable threat that can adapt to any stage of the game

Virtue of Knowledge Panharmonincon-like ETB effects are becoming increasingly popular and widely printed in MTG, and Virtue of Knowledge brings this powerful ability to blue

Its definitely defensive in nature

In a multiplayer game, Fiend Binders triggered ability can only target a creature controlled by the player its attacking (or by the controller of the planeswalker its attacking)

For this reason, we cannot recommend using a side loading inner sleeve as they leave the top corner exposed, defeating the point of double-sleeving in the first place