I buy a mysterious and powerful ring from the painted peddler. I then begin to unlock its true power. I discover the ring also uncovers a secret lower level in tome that leader to an altar, something will happen when 200 quivering blobs of tar had been gathered, other I have to fight a massive bog beast to get them, fortunately I don't have to do it alone. 

The dungeon is below the one uncovered in this quest.  https://www.breaker.audio/sryth-bedtime-stories/e/77758043

I meet the the beast I've have to fight a lot here: https://www.breaker.audio/sryth-bedtime-stories/e/77773943