Mutuum Finance (MUTM) to transform DeFi after Certik audit pass

After the overall crypto market cap rose to new highs a few days ago, most of the top coins are now trading sideways. Looking for opportunities elsewhere, investors have turned their attention to Mutuum Finance (MUTM) , a DeFi project that recently cleared its Certik audit. Certik is the leading, trusted service for smart contract audit. A project that passes the Certik audit signals that investors can safely place their funds into it. Following this audit pass, Mutuum Finance (MUTM) has experienced a surge in the presale activity, which is now over $9.4 million. There are over 11,200 individual participants in the presale, which is currently in phase 5. In the current phase 5 of the presale, each token is going for $0.03, which guarantees a 100% return on investment, based on the planned listing price of $0.06. Those that got lucky and bought the tokens in phase 1, have the benefit of a 200% discount on current buyers. In the upcoming phase 6, the price is set to rise 16.67% to $0.035. The many advantages of Mutuum Finance (MUTM) Mutuum Finance has numerous advantages that it will offer its community. One of them is that it is non-custodial, which means holders always maintain full control of their funds. Another benefit is collateral deposits. Through the power of mtTokens, you can deposit crypto to earn interest while still using it as collateral to borrow funds. This will unlock new earning opportunities for Mutuum Finance (MUTM) users. A major benefit that is important to note is that the Mutuum Finance (MUTM) has undergone an extensive security audit. Recently, it was given a clean bill of health after a Certik audit, reinforcing trust in its DeFi products. Another important aspect of Mutuum Finance (MUTM) is that it is built on open-source code. As such, anyone can inspect the code on their own and verify the results of the Certik audit. All experts who have checked the code on their own have come to the same conclusion as Certik: this project is great. How the Mutuum lending protocol works The Mutuum Finance (MUTM) lending protocol comes with two modes, which are P2C, and P2P. With the Peer-To-Contract (P2C) model, lenders connect to borrowers via a collective liquidity pool. The lenders deposit funds, and receive a dynamic annual percentage rate based on the pools’ utilization. All loans are over-collateralized to ensure the long-term stability of the ecosystem. The second one, known as the Peer-To-Peer (P2P) model, allows lenders and borrowers to access more speculative assets like the DOGE meme coin. These highly volatile assets are placed in a dedicated marketplace to preserve the overall health of the ecosystem. In this mode, users can explore a wide range of options, such as rates, loan repayment periods, and much more. The Mutuum Finance (MUTM) lending protocol offers options for variable and stable rates, which ensures everyone’s preferences are met. Variable rates, which are found in the P2C mode, ensure a self-stabilizing feedback loop. On the other hand, fixed rates ensure predictable repayments when dealing in certain assets. Users who join the lending protocol as stakers have an opportunity to earn passive dividends. The Mutuum Finance (MUTM) platform will use platform revenues to purchase MUTM tokens on the open market. These tokens are then distributed to those who contribute towards the platform’s security and liquidity. Besides acting as an incentive to join the protocol as a staker, it also applies upward price pressure on the MUTM tokens. A rapid development roadmap Mutuum Finance (MUTM) has a roadmap that will see a beta version of the platform launch on the listing day. This beta version will demonstrate the core capabilities of the protocol. It will allow future users to test all capabilities and familiarize themselves with the UI. Consequently, when the mainnet version launches, it will hit the ground running. That could result in a massive surge of the MUTM token in the days after its listing. Some experts predict the beta version of the platform will cause the listing day price to grow 10x in just a few hours. For more information about Mutuum Finance (MUTM), visit the links below: Website: https://www.mutuumfinance.app/ Linktree: https://linktr.ee/mutuumfinance The post Mutuum Finance (MUTM) to transform DeFi after Certik audit pass appeared first on Invezz

Source: Invezz