chaerea:

Dendrocollybia

“The species is characterized by its unusual stem, which is covered with short lateral branches. The branches often produce spherical slimeheads of translucent conidiophores on their swollen tips. The conidiophores produce conidia (asexual spores) by mitosis. Because the fungus can rely on either sexual or asexual modes of reproduction, fruit bodies sometimes have reduced or even missing caps. ” (Wikipedia)