Okolnir

Okolnir is a small island to the south-east of Hrodmir. It is accessible with the ship service of Buddel for 50 gp. Okolnir is the only Ice Island with geysers above ground. 
Tyrsung and Okolnir broke apart from the main island because of a deep ocean trench where two oceanic crusts diverge. It is said that only players with level 120 and above can make profit on Okolnir.
There used to be Dragons on Okolnir too, but after the Frost Dragon Hatchlings were introduced, no Dragons spawn here anymore.