Trader Incentives: Everything you need to know
NOTE: Since the launch of Mycelium Perpetual Swaps on Arbitrum, we have changed our fees to be cheaper and more transparent, an updated version of this post is on the Mycelium blog: here.
Following on from our launch of Perpetual Pools on Arbitrum, Mycelium is excited to expand our trading platform to offer: 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!
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 DeFi markets on Arbitrum! Trade on the volatility of the market with liquidity for new trading markets: BAL, LINK, 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 the Mycelium governance and utility token. Rewards and trading incentives accrue to $MYC holders.
Entry/Exit fee: There is a very low trading fee of 0.03% of your position size, 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. Calculation for this fee is (Assets borrowed / Total assets in MLP pool) x 0.01%.
30x leverage: Our traders can enter a position at up to 30x leverage, but will only get liquidated at 100x
Trade with liquidity, leverage, low fees,
Trade with Mycelium.
Need more information? Read our docs here.
Are you a trader? We’d love to your feedback here.
