Enchanting

Enchanting Table
Enchanting is managed from the Enchanting Table in your Fort. Here you can convert unwanted equipment into various essences that are then spent on enchantments. Breaking down magic or rare items will yield magic or rare essence. Likewise, breaking down legendary items will produce legendary essence.

To start, you’ll have access to a default set of enchantments. These are separated into categories, as not every enchantment can go on every item. Each recipe will vary depending on the quality of the item you wish to enchant (i.e. the same enchantment will have a different ingredient list depending on whether the item you’re enchanting is magic, rare, or legendary).

Enchanting is not an exact science. When you select a recipe, take “Shock and Awe” for example, there are a number of possible outcomes: electric damage, shock chance, shock duration, shock bolts, stun chance, blind chance or blind duration; any one of which could be applied to the enchantment slot. On top of that, the ranges of the bonus depend on item quality as well--legendary items receiving the highest ranges. Don’t like what you rolled? You can always disenchant and try again. Take note that disenchanting wipes enchantments from every slot, so plan accordingly!

Unlocking the Enchanting Table
According to a developer on Steam's forums for the game, "The Enchanting Table and Recipe is now an end game mechanic. You unlock Enchanting and will start to see recipes drop at level 47."

It should be noted, however, that enchanting recipes can be obtained from contracts (hotkey C) from the start of the game.

Enchanting
Magic, Rare and Legendary Items can have 1-3 Enchantment Slots. (3 only on Phasic/Lifebound) Players can add enchantments to these slots using the Enchantment Altar in their Fort. There are several Enchantment Recipes for each Item, all of which have a variety of different enchant options. These are chosen at random when enchanting. Handy links with information as of update 9: https://docs.google.com/spreadsheets/d/1ifPZb9IzXds8BpVJx4gm194Mxj7P0nhH_JZSGlQxG90/edit#gid=0