This XRP alternative under $1 is set for massive gains as whales take charge

While Ripple (XRP) remains a major player in the crypto sector, it has not delivered the massive gains holders expected. Consequently, many Ripple (XRP) holders are shifting liquidity into Mutuum Finance (MUTM) . The project has emerged as a major revolutionary DeFi protocol that aims to cast a wide net on the industry for maximum liquidity. Recently, Mutuum Finance (MUTM) announced it had passed its Certik audit, which has led to an accelerated increase in the project. The presale has received over $9.4 million from over 11,200 unique buyers. It is currently in phase 5, with each token costing $0.03. The current price represents a 100% guaranteed return based on the $0.06 listing price. For investors who got in earlier in phase 1, they bought the tokens at $0.01. While the current price represents a 200% increase, it has not stopped investors from jumping as they expect a massive upside when the tokens launch on public exchanges. In the upcoming phase 6, the token price is set to rise by 16.67%. With over 8% of the phase tokens already sold, less than a week after it launched, the current price may not last long. Mutuum Finance will transform DeFi One reason Mutuum Finance (MUTM) investors have bought over $9.4 million of tokens in the presale is their firm belief in the transformative power of its lending protocol. Mutuum Finance (MUTM) will launch decentralized, non-custodial liquidity that will allow lenders, borrowers, and liquidators to engage in a dynamic environment for maximum capital efficiency. The protocol features two modes, which are P2C and P2P. In the P2C mode, lenders deposit funds in a collective liquidity pool. From there, they can earn an annualized interest rate based on the pool’s utilization. When lenders deposit funds via the P2C mode, they receive mtTokens in exchange. For instance, if they deposit $3,500 worth of USDC, they receive mtUSDC tokens of equivalent value. These mtTokens represent a depositor’s share in the pool and any accrued interest. These mtTokens can also be used as collateral to borrow additional funds, and actively participate in the Mutuum Finance (MUTM) ecosystem. Consequently, it helps to ensure the overall protocol is always active. Mutuum Finance (MUTM) will allow for stable rates for borrowers who prefer predictable repayments under certain conditions. These stable rates are calculated at the time of borrowing, starting as a weighted average of the current variable rate and several other market indicators. This rate is typically higher than the initial variable rate, compensating for future rate hikes. The stable rates are subject to rebalancing in certain market conditions. For instance, if the supply rate falls below 90% of the variable rate. Liquidators are also an important player in the ecosystem. Liquidations offer an earning opportunity, which are triggered when the collateral value drops below a set threshold. A liquidator can then repurchase the debt at a discount, which contributes to overall ecosystem stability. Numerous earnings opportunities Besides earnings via lending or liquidations, Mutuum Finance (MUTM) will also distribute revenue to stakers. This revenue is sourced from profits that the protocol made from various actions on the platform. It is used to purchase MUTM tokens on the open market, which are then distributed to stakers on the platform. Not only does it incentivize more stakers to join the ecosystem, but it also contributes to upward price pressure on MUTM tokens. Users of the platform will also have an opportunity to earn via arbitrage. The Mutuum Finance (MUTM) developers plan to launch a stablecoin, whose value will be algorithmically pegged to the USD. Arbitrageurs will maintain this peg to the USD while also earning a small but stable income. As the ecosystem expands and the use of the stablecoin grows, the value of their earnings could rise significantly. Mutuum Finance $100K giveaway Mutuum Finance (MUTM) is always looking out for its early adopters. In one of the latest schemes to reward its early adopters, the project announced a $100K giveaway. To qualify for the promotion, you only need to participate in the presale with a $50 purchase. From there, you will join a draw and stand to be amongst 10 lucky winners, who will receive $10K worth of MUTM tokens each. Based on the protocol design, the ongoing hype around the Mutuum Finance (MUTM) presale, and the under $1 token price, this project’s future looks great. Based on the above factors, analysts forecast a 10x increase in price on listing day. For more information about Mutuum Finance (MUTM), visit the links below: Website: https://www.mutuumfinance.app/ Linktree: https://linktr.ee/mutuumfinance The post This XRP alternative under $1 is set for massive gains as whales take charge appeared first on Invezz

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