Information for Traders

We’re launching Perpetual Swaps in August 2022!

Following on from our first product launch Perpetual Pools, we’re excited to be adding another suite of derivative contracts to our platform: Perpetual Swaps.
Traders on the platform can enjoy trading leveraged positions with extremely low entry/exit fees (0.03%), with no price impact on a range of assets: BTC, ETH, USD, LINK, BAL, FXS, & CRV!
We know the number one priority for our traders is trading with liquidity, so we’re looking to bootstrap our Liquidity Pools and incentivise quality LPs to help deliver the best trading experience in DeFi.
Our mechanism is optimising returns for our LPs. 70% of fees generated are rewarded to MLP holders, 10% to Mycelium, 10% for $MYC token buybacks, and 10% to our active traders.

Traders 🤝 Mycelium Perpetual Swaps

Trade with liquidity: Liquid markets for BTC, ETH, UNI, LINK, BAL, FXS & CRV!
Trade with leverage: up to 30x!
Trade with low fees: 0.03% entry and exit fees [without price impact!]
Trade with Mycelium.

How we’re incentivising our traders?

Earn fees: We know at their core, traders are competitors always looking to demonstrate their edge: that’s why we will be distributing 10% of the platform’s generated fees back to the top 50% of traders. The distribution will act as a fee rebate to reward active traders.
More markets: Mycelium Perpetual Swaps has the largest range of perpetual swaps markets on Arbitrum! Trade on the volatility of the market with liquidity for new trading markets: BAL, FXS & CRV.

Quick guide of terms:

MLP is our liquidity provider token: LPs accrue 70% of the fee revenue, and can expect a targeted 25% APR for the first month. LPs mint MLP when they deposit MLP Pool Assets for the Traders to trade against.
MYC is our governance and utility token. 10% of trading fee proceeds are used to buyback MYC on the open market, shoring up buy pressure for the token.
Entry/Exit fee: There is a very low trading fee of 0.03% of your position size (both on entry and exit), which is incurred when opening a position and closing a position.
Borrow fee: The borrow fee is the fee that is paid to the counter-party (MLP pool) of your trade at the start of every hour, over the trader’s holding period. The formula for this fee is:
Hourly Borrowing Fee (%)=(Borrowed Amount of Individual Asset)(Total amount of individual asset in MLP pool)0.01%Hourly\ Borrowing\ Fee\ (\%) = \frac{(Borrowed\ Amount\ of\ Individual \ Asset)}{(Total\ amount \ of \ individual \ asset \ in\ MLP \ pool)}* 0.01\%
30x leverage: Our traders can enter a position at up to 30x leverage, but will only get liquidated at 100x.

How to get started with Mycelium Perpetual Swaps

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We’re launching Perpetual Swaps in August 2022!
Traders 🤝 Mycelium Perpetual Swaps
How we’re incentivising our traders?
Quick guide of terms:
How to get started with Mycelium Perpetual Swaps