Tracer is an open-source, smart contract protocol for derivatives. Broadly, it is an array of financial contract generators [Factory] governed by a DAO. Factories store contract templates and generate tracers. Tracers are instances of the contracts [Markets] deployed on-chain. They can be deployed by anyone.

TCR (Tracer Token) is the unique token that governs the Tracer DAO. It's used by DAO members to vote on proposals that influence Tracer's growth and trajectory. By virtue of holding TCR, holders are entitled to participate in these votes and govern Tracer's peer-to-peer financial ecosystem.