Mycelium Perpetual Swaps
Mycelium Perpetual Swaps is a decentralised derivative exchanges which allows users to open leveraged long and/or short positions on crypto-assets. All traders trade against the Mycelium Liquidity Pool (MLP). The MLP is a basket of blue-chip assets and stablecoins pooled together, which acts as a global AMM for leveraged trading. Liquidity providers can deposit any whitelisted asset into the MLP pool in return for MLP tokens, which represent the LPs share in the diversified liquidity pool. On Mycelium:
  • Traders can trade on a series of crypto-assets from their metamask wallet. Click here for Information for Traders.
  • MLP Stakers earn rewards through a combination of ETH Rewards (fees generated from swaps and leveraged trading converted to ETH), Market Making (spread of the traded markets and is realised by MLP holders through the appreciation of the MLP token), and esMYC (These are rewards in the form of a token which has the right to vest into $MYC when staked in the esMYC vesting vault). Mycelium Perpetual Swaps will be boosting MLP returns to a Targeted Yield of 25% APR through a combination of esMYC distributions and ETH earned by fees generated for the first month of the Perpetual Swap product’s operation. Click here for Information for LPs.
  • MYC Token holders can benefit from discounts while trading with Mycelium Perpetual Swaps, in addition to potential MYC buybacks.

Connect to the App

For information on how to connect to the app, go here.
For information on how to start trading, go here.
For information on how to start providing liquidity, go here.

Protocol Design

To learn about how Mycelium Perpetual Swaps works in more detail, see Protocol Design.
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Protocol Design