defense % based on level

Triage_ - Archosaur

Something that I have wondered is defense is given based on your level....so at 97% my physical defense is _____ against something my level...what if they are 2 levels less? Is this a major benefit of leveling? 5 points to place in skills seems unimportant honestly when you look at the change in stats.....So I figure the actual character level must be important for both defense and offense?

Clandore - Lost City

Source

• physical reduction % = physical defense / (40 * attacker level + physical defense)
• magical reduction % = magic resistance / (40 * attacker level + magical resistance)
• damage delivered = damage dealt * ( 1 - reduction % )

So yes, attacker level does factor into the damage reduction ^_^