for anyone who would like a short term fix to at least see the clock/souls, add the following to your deadlock launch options:
I have not noticed any performance difference with this on dx11.
Also, for those who get stuck or annoyed at the hugely long shader processing times on vulkan, these are generally safe to disable if you have relatively modern hardware. When a new (major or graphics changing) patch lands, you may see stuttering on first launch, but this should go away within minutes of popping into a sandbox, running around with a few characters using abilities, etc. You are not getting much, if any, benefit from shader pre-caching running every single launch, and, as others have noted, skipping them has no negative effect on game performance. The settings can be found in Steam > Settings > Downloads.
