# Mycelium

> Track Mycelium with daily standardized on-chain data. Mycelium is a non-custodial exchange for spot and perpetual contracts built on Arbitrum. Updated daily.

Source: [Mycelium on Token Terminal](https://tokenterminal.com/explorer/projects/mycelium). This page has no metric values. For current values, use the [Token Terminal API](https://tokenterminal.com/docs/api-reference/introduction) or the [MCP server](https://tokenterminal.com/docs/mcp/introduction).

- Token: MYC

## About

### What it is

Mycelium is a non-custodial exchange for spot and perpetual contracts built on Arbitrum. Mycelium was founded by Ash Morgan, Pat McNab, Ray Mogg & Jack Deeb, and launched in 2021. Mycelium DAO has ceased operations, and a governance proposal has passed allowing token holders to burn MYC to redeem Mycelium treasury assets.

### Who uses it

MYC tokenholders own and govern the protocol. They currently take a cut of the total trading fees paid by traders (revenue).

### How it works

Liquidity providers deposit funds into Mycelium and receive trading fees from traders (supply-side fees).

## Links

- [github](https://github.com/mycelium-ethereum)
- [twitter](https://twitter.com/mycelium_xyz)
- [discord](https://discord.com/invite/mycelium-xyz)
- [etherscan](https://arbiscan.io/token/0xc74fe4c715510ec2f8c61d70d397b32043f55abe)
- [website](https://mycelium.xyz/)