It is a red mushroom found inside swamps. They are found with a PER*EXP of 210. It is a curiosity and serves as food. Although its not worth it to eat or study them. You can craft better curiosities with it.
They require 3 attention points, taking roughly 3 and a half hours to study and give 1k LP at Q20 (Neutral beliefs)
You can make Enthroned Toad with them.