What is Mutuum Finance (MUTM)? A look at the future of DeFi

Mutuum Finance (MUTM) is raising the stakes in the DeFi sector by redefining what is possible. It is building a decentralized lending platform that addresses all existing pain points through innovation. So far, its message has resonated quite well with the masses, and it has raised over $9.25 million in the ongoing presale. With over 11,100 participants having laid claim to their presale tokens, this project is the future of DeFi. The presale is currently in phase 5, with each token going for $0.03. Thus far, over 5% of the phase 5 presale tokens have been raised, barely 48 hours after the current phase launched. With a price tag of $0.06 on listing day, all current buyers are guaranteed a 100% return on their investment. In the next phase, the return will be reduced to around 71%. Mutuum Finance (MUTM) passes audit The rising demand for MUTM presale tokens is closely tied to its recent announcement that it passed an audit of its protocol. This marked an important milestone that is going to propel the presale to even greater heights. With trust and verifiability being two vital components of the decentralized finance world, the audit report marks a new step in how people perceive Mutuum Finance (MUTM). At the heart of the audit was the Mutuum Finance lending protocol, which brings innovative features into the decentralized finance sector. One of these features is its dual mode lending capabilities. In the first mode, called P2C, lenders deposit their funds in a lending secured using an audited smart contract. They will then receive yields from the pool, with rates determined by the pool’s utilization rate. In the second mode, called P2P or peer-to-peer, lenders and borrowers engage directly with each other via audited smart contracts to set the terms for the loan. These terms include the lending period, the rate, and various other factors. In this setup, lenders have the flexibility to set their terms based on their current situation. This mode is designed to grant access to meme coin assets such as PEPE and other crypto assets, which historically have low liquidity. When Mutuum Finance (MUTM) announced its pioneering dual-mode protocol, there was some hesitance from some in the crypto world, due to how novel it was. However, the project has put all doubt to rest, after recently passing an in-depth audit. The report is publicly accessible, and shows that its protocol’s design is both practical and safe. To further boost trust in its product, Mutuum Finance plans to launch a beta version of the platform on day one of the token listing. The launch of the beta version will serve as an important technology demonstrator, while adding fuel to the adoption speed of the project. The decision to launch the beta version was a strategic one, as it will provide substantive proof of the capabilities this platform has to offer the world. Consequently, analysts expect the beta launch to boost prices from $0.06 on listing to a low of $2 and up to a high of $5 according to experts’ estimates. Presale rewards program Mutuum Finance (MUTM) is committed to rewarding all its presale participants for being pioneers in the future of this ecosystem. To do so, it has launched a $100k giveaway, with the only qualification criteria being a $50 purchase of MUTM tokens in the ongoing presale, and you are in. From there, the team will pick 10 lucky winners who will each receive $10K in MUTM. The team has also established a leaderboard on the presale’s dashboard, where participants receive bonus MUTM tokens when they rise to one of the top 50 participants on the list. The leaderboard updates often, which ensures that you can view if you have made it to the top. With a massive war chest from the token presale, Mutuum Finance (MUTM) is expected to lobby for a listing on some of the leading crypto exchanges in the world. To boost its efforts, the team will present results of the audit report, which is a requirement on most global exchanges. Such a listing could push the price of MUTM tokens above the 100x returns mark, making current holders instant millionaires, like many other crypto projects have done in the past. For more information about Mutuum Finance (MUTM), visit the links below: Website: https://www.mutuumfinance.app/ Linktree: https://linktr.ee/mutuumfinance The post What is Mutuum Finance (MUTM)? A look at the future of DeFi appeared first on Invezz

Source: Invezz