Mycelium is a derivatives exchange infrastructure formerly known as Tracer DAO. Mycelium has two premier financial products. They are:

• Mycelium Perpetual Swaps
• Mycelium Perpetual Pools.

Mycelium’s core mission is to make financial markets more accessible, transparent, and efficient for everyday users via decentralised technology. Mycelium is a longstanding contributor to the DeFi ecosystem, beginning its story by establishing one of the first verified Chainlink Oracle Nodes in 2019. The Mycelium Node’s capabilities will be a key partner in delivering fast, reliable, and secure price-feed data to Mycelium’s traders. Additionally, the Mycelium Node will provide bespoke data-feeds to create new markets exclusive to the Mycelium platform.

MYC will act as a governance and utility token for Mycelium’s range of on-chain offerings. MYC holders will have rights to: 

• Discounts on trading using Mycelium;
• MYC rewards for participation in the exchange, protocol mechanisms (such as voting) and other community contributions;
• Access exclusive Mycelium products; and
• Govern the deployment of products and product parameters.