Amid Dogecoin (DOGE), stall investors are betting big on the newest entrant: Mutuum Finance (MUTM)

Dogecoin (DOGE is a meme coin that has been showing signs of price stagnation in recent days. The current sideways price movement has seen the price of DOGE stall, with price momentum failing after an earlier surge a few weeks ago. Dogecoin’s current price movement suggests it is time to look for a better alternative. Many retail investors are now eying the promising Mutuum Finance (MUTM) project, which is shaping up to be a hidden jewel in the DeFi space. Mutuum Finance (MUTM) could disrupt the DeFi space Mutuum Finance (MUTM) wants to revolutionize the entire DeFi space with its unique twin lending mechanism. The project incorporates peer-to-peer (P2P) and peer-to-contract (P2C) mechanisms, which are designed to hand over control to users and ensure long-term ecosystem growth. Participants in this ecosystem can contribute into lending pools by providing reputable coins like $2000 worth of Ethereum (ETH) in a given pool. In exchange, they will receive annual percentage yields determined by the utilization rate of the pool. In the P2P model, assets with less liquidity like PEPE, borrowers and lenders can negotiate terms directly, which includes duration, interest rates, and partial fills. Since there is no shared liquidity pool in this model, lenders could potentially higher interest rates, while ensuring the overall safety of the protocol. In the P2C models, the lenders pool assets into smart contracts, where they collectively supply liquidity to borrowers who overcollateralized their loans. The rates for assets are dynamically adjusted based on usage, with higher utilization leading to higher rates. This ensures a positive feedback loop that ensures maximum efficiency. When depositors fund this model, they get mtTokens, which is representative of their share in the pool, and accrued interest. These mtTokens can also be used as collateral for new assets. With time, depositors can exchange these mtTokens for their original principal, and the interest gained. How stability is maintained All loans, whether P2P or P2C, are overcollateralized. The stability factor is used to measure how secure the collateral for a loan is. If the collateral drops in value below set thresholds, liquidation happens. The liquidators buy back their outstanding debt at a discount, which stabilizes the system, and prevents bad debt from accruing in the system. Mutuum Finance’s (MUTM) multi-asset collateralization stablecoin system In most existing DeFi systems, a decentralized stablecoin is based on single-asset vaults. Mutuum Finance (MUTM) envisions a new system where users can deposit different types of assets into a protocol and mint a stablecoin based on this consolidated pool of assets. The result is that the ecosystem’s stablecoin remains secured by a wide range of tokens. For users, nothing changes; they deposit the collateral, but with greater flexibility when it comes to managing price fluctuations. Another benefit is that users do not have to manage multiple vaults at once, while not having to close separate positions. Reducing the friction that comes with single asset vaults ensure a much stronger hedge against volatility. If one asset goes down in value, that can be potentially cancelled out by another asset experiencing an appreciation in value. In short, using multi-asset collateral ensures that the system is much simpler, and more unified for minting a decentralized stablecoin. Stability of the stablecoin’s price at the designated $1 price point is maintained via arbitrage. In short, this allows market forces to maintain the price of this decentralized stablecoin at or near the $1 mark, with arbitrage traders having multiple opportunities at both the upper and lower price points to make a profit. Since all actions are recorded on the blockchain, it will ensure a more transparent system, helping to build trust and increase the user base. Mutuum Finance (MUTM) presale attracts massive interest The Mutuum Finance (MUTM) presale has attracted a massive amount of interest, as the crypto world has become aware of the unique value proposition of the project. Since its launch, it has raised over $9,2 million from over 11,000 buyers. Many Dogecoin (DOGE) retail investors, looking for more lucrative opportunities, have intensified their interest in MUTM. Consider Looking Into Mutuum Finance (MUTM) Each token is currently on sale at $0.03 per token, which is the phase 5 price. Those who noticed the opportunity earlier bought the tokens at a 200% discount of $0.01 per token. However, there still exists a massive opportunity, with the listing price set at $0.06. If you wish to be part of the future of DeFi, adding MUTM to your portfolio could potentially be a wise move. For more information about Mutuum Finance (MUTM), visit the links below: Website: https://www.mutuum.finance/ Linktree: https://linktr.ee/mutuumfinance The post Amid Dogecoin (DOGE), stall investors are betting big on the newest entrant: Mutuum Finance (MUTM) appeared first on Invezz

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