Announcement: MYC Lending launching soon

Introducing the MYC Lending program.

Mycelium is excited to launch this initiative, which delivers robust utility to the MYC token, giving owners of MYC an opportunity to earn rewards on their MYC by loaning their MYC to Mycelium.

How the Program works

Mycelium will launch MYC Lending, a program where MYC holders can loan their MYC to Mycelium in return for a high APR reward in ETH. The testing simulations we did in test net returned an over 269% APR.

How to participate

Participating in MYC lending is simple. Any MYC holder can participate in MYC lending, subject to the terms and conditions that will go live with the MYC Lending program launch. The team has built a custom front-end Lend page that MYC holders can access to manage their loans.

Turn notifications on

MYC Lending will launch very soon. Make sure you have post notifications turned on so you can start earning rewards from Day 1 as an MYC lender.

MYC Governance

As many MYC holders may be aware, our community recently voted on a proposal to transition from Tracer DAO (and $TCR). As part of this transition, we agreed to deliver greater utility and simplify the governance process.

Unlisted

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Building infrastructure since 2019. Chainlink Nodes, Arbitrum Validator, Ethereum & Arbitrum smart contracts. 🍄

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Building infrastructure since 2019. Chainlink Nodes, Arbitrum Validator, Ethereum & Arbitrum smart contracts. 🍄