Ascendant Plane is the Legendary Shader you acquire in Destiny's King's Fall Hard Mode
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Looks like the Legendary Shader you get for completing Destiny's King's Fall raid in Hard Mode is the Ascendant Plane.
Obtained during a go through of the raid livestreamed by Slayerage, part of The Legend Himself Clan. The requirements are the same as New Monarchy Shaders, and it allows the player to change the color of their armor.
The Hard Mode version of King's Fall raid went live this afternoon. Expect a recap of it from Arekkz Gaming tomorrow. He and his group beat Oryx in around 48 minutes earlier today.