Mycelium Liquidity Pool (MLP)

The MLP (Mycelium liquidity pool) 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 LP's share in the diversified liquidity pool. All traders trade against the MLP (Mycelium Liquidity Pool), which acts as a universal counterparty - meaning that it agrees to be the counterparty to any long or short trade at the given price, for an asset it holds, until it runs out of said asset.
Further, Liquidity Providers (MLP holders) can earn income from trading fees in the form of ETH rewards, esMYC rewards, in addition to potential capital appreciation of the MLP token (from being long exposed to the base assets (e.g. ETH, BTC) in the pool). 
This section covers the following concepts:
​MLP Token​
​MLP Mechanism​
​MLP Rewards​
​EsMYC (Escrowed MYC)​
​MLP Capital Appreciation​
Trading Rewards
MLP Token
Last modified 1yr ago