It works like a guard so you take damage if you get hit from the side or back I think. Also if the pet dies while you're guarding with it you take damage from that hit I think.
Melon (the black and green one) is the one that can be thrown repeatedly, I got their names mixed up in my last post. :U It has so little hp that blocking a boss attack would probably get it killed, even at max level. Might be a good idea to stack body sandwiches on it.
EDIT: Also, with a single resilient roll Melon recovers in like 10-12 seconds. = w=
I confirmed that the damage they take from exploding won't hurt you during alter ego, but the damage they take while blocking can.
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