As the PEPE meme coin loses steam, a fresh contender, powered by utility, is stepping into the spotlight. The Mutuum Finance (MUTM) DeFi project seeks to take over crypto by offering its community real utility, outside of hype. It is stirring curiosity amongst crypto investors due to its innovative approach to DeFi and potential growth.
The crypto market is buzzing with talk of Mutuum Finance (MUTM) after its recently published Certik audit report. Following the positive report from Certik, many who were on the sidelines about its utility have now jumped in, hoping to benefit from its expected upward momentum.
The Mutuum Finance (MUTM) presale offers an excellent opportunity to be part of a new opportunity in the ever-evolving industry. So far, over $9.4 million worth of presale tokens have been sold. The presale is in phase 5, where each token costs $0.03. Since phase 5 launched, less than a week ago, over 8% of the tokens have been sold, signaling a high appetite for this utility-based project.
In the previous phase 4, tokens were going for $0.025, with the current phase marking a 20% increase. The token price is set to climb further in phase 6 by 16.67% to $0.035. So far, over 11,200 individual buyers have grabbed their MUTM tokens in the ongoing presale.
How High Could Mutuum Finance (MUTM) Rise?
One only needs to observe the presale to gauge how high Mutuum Finance (MUTM) tokens could rise. There is a high interest in these tokens, which signals that once they go live at the listing price of $0.06, they could climb 5x in just the first few hours.
This assessment is based on the recent announcement by the team that they plan to launch a beta version of the platform on day one. The beta launch is going to drive up interest, helping to draw in even hardcore doubters of the project. As they scramble to get a slice of history, price pressure on the tokens will inevitably increase.
The Mutuum Finance (MUTM) project also has a large social media following, with over 10K followers on X. All these followers will naturally contribute to the organic spread of information on the project. As new people come across the project and explore its value proposition, this could further boost interest in MUTM tokens.
The Mutuum Finance (MUTM) Value Proposition
There is a strong case to be made for the value proposition of Mutuum Finance (MUTM) lending protocol, which comes in a dual-mode configuration. In the first mode, called peer-to-contract (P2C), lenders deposit their funds in pools that are governed by audited smart contracts. The lenders then begin to earn annualized percentage yields on their assets, based on a pool’s utilization rate.
In exchange for depositing their assets in a pool, depositors receive mtTokens, which provide them access to instant liquidity. For instance, if they deposit $3,000 USDC in a pool, they are given mTUSDC tokens of the same value. In addition, these mtTokens hold the interest accrued by the assets.
In the second mode, called peer-to-peer (P2P), the focus is on more volatile assets just as the BONK meme coin. This mode allows lenders, and borrowers to negotiate terms directly, such as the interest, the loan’s duration, and more. For lenders, this allows them to set higher interest rates than would normally be available in the P2C mode. It also provides an avenue to earn passive income on assets that would otherwise remain idle.
The lending protocol’s health is maintained by liquidators. In both P2C and P2P modes, all loans are backed by overcollateralized positions. If the value of the collateral falls below a certain threshold, the protocol automatically liquidates the position. The liquidators are then offered the debt at a discount, giving them a chance to make a small profit for their effort. Their actions also ensure that bad debt is kept at bay within the ecosystem.
Other Passive Income Source
Another way to earn within Mutuum Finance (MUTM) is by acting as an arbitrageur for the stablecoin. The project plans to launch a stablecoin, which will be minted through overcollateralized positions. To maintain its USD-pegged value, arbitrageurs will play an important role, while earning a small but steady profit.
Overall, Mutuum Finance (MUTM) covers every aspect of decentralized finance. In addition, it offers stakers MUTM distributions, which are bought using profits from the protocol on the open market. These distributions act as an extra source of passive income, while at the same time helping to boost the value of MUTM tokens in the long term.
At the current low price of $0.03 per token, joining Mutuum Finance (MUTM) is a doorway into the future of DeFi. With an assured 100% ROI based on the listing price of $0.06, there is no downside to getting yourself a piece of the future.
For more information about Mutuum Finance (MUTM), visit the links below:
Website:https://www.mutuumfinance.app/
Linktree: https://linktr.ee/mutuumfinance
