DeFi derivatives project Tracer DAO will transition to Mycelium and will launch perpetual swaps on Arbitrum

The decentralized derivatives project Tracer DAO stated that the key proposal for the transition from TracerDAO to Mycelium has been agreed by the DAO, and the first product, the perpetual swap product Mycelium Perpetual Swaps, will be launched on Arbitrum this month. Additionally, all existing TCR holders have the right to change their tokens to the new MYC tokens on a 1:1 basis. TracerDAO stated that Mycelium Perpetual Swaps will coexist with crude oil Perpetual Pools (perpetual fund pools). Since 2019, Mycelium has been providing data through Mycelium Node and building derivatives infrastructure on the blockchain. On February 10, 2021, Tracer DAO accepted Mycelium's offer to become a core service provider and contributor to the DAO.