Why MUTM is the next Solana in this altcoin season after certik results

The crypto market is heating up, and Solana (SOL) has seen double-digit gains in the last month. However, those gains pale in comparison to the over 20,000% gains early adopters saw. One of the most promising projects that could replicate this early success of Solana (SOL) is Mutuum Finance (MUTM). Initially, analysts forecast 10x gains when the MUTM tokens go live. Over the long term, those gains could overshadow those made by Solana. The Mutuum Finance (MUTM) project is currently in its presale stage, and it has proven to be wildly successful. It has raised over $9.4 million in the ongoing presale from over 11,200 unique participants. The presale tokens are in phase 5 and are priced at $0.03. The planned listing price of $0.06 ensures a 100% return for those who invest at the current price point. In the previous phase, the tokens were going for $0.025, and the price has since risen 20%. The token price will increase 16.67% in the upcoming phase, reducing the ROI to 71.43% on listing day. So far, over 8% of the phase 5 tokens have been bought, which is a remarkable achievement, considering that the phase 5 presale is less than a week old. The rate at which people are buying these tokens went up recently after the release of the Certik audit, which gave the Mutuum Finance (MUTM) protocol a solid clean bill of health. With a successful audit behind it, the team is now moving ahead with the beta version launch. They have announced that a beta version launch will occur on listing day, which is expected to have a massive positive impact on the MUTM token price. Mutuum Finance (MUTM) will transform DeFi At the heart of the Mutuum Finance (MUTM) project is a revolutionary protocol that will transform DeFi as we know. This protocol features two modes that are designed to capture all facets of the DeFi market. The first mode in this protocol is peer-to-contract (P2C), where lenders deposit their funds in a collective pool, governed by an audited smart contract. They will then start earning an annual percentage yield on their assets. The rate of this yield is dynamically set by market forces, with higher pool utilization leading to higher yields. Best of all, participants in the P2C mode retain the full liquidity of their assets, thanks to the mtTokens. When a user deposits their assets in a lending pool, they are awarded mtTokens, which represent the value of their assets in a pool, plus any interest accrued. For instance, when they deposit MATIC in a lending pool, they will receive mtMATIC tokens. The mtTokens can be traded on secondary marketplaces or used as collateral for new loans on Mutuum Finance (MUTM). Consequently, these tokens allow them to unlock the value of their assets and easily track the interest they earn. In the second mode, called peer-to-peer (P2P), lenders and borrowers negotiate terms with each other directly. This mode is insulated from the rest of the market and is designed for high-volatility assets like the SHIB meme coin, which have low liquidity. Lenders can set terms that are most favorable to them, while borrowers get to have a say in the terms they receive. With this mode, the protocol unlocks the liquidity of meme coins, whose only utility has been speculative holding. Within the protocol, Mutuum Finance (MUTM) plans to include a liquidation mechanism. This mechanism is meant to ensure that undercollateralized loans do not build up within the ecosystem. Once a borrower takes a loan, it is closely monitored using a stability factor. If the value of the collateral for a loan falls below a certain level, the position it supports is automatically liquidated. The liquidators are given an opportunity to purchase this debt at a discount, ensuring that the overall ecosystem remains in perfect health. Upcoming beta launch To demonstrate the full power of its protocol, a beta version is planned for launch on the day of the public token listing. This public listing will allow current and future adopters to test its features and familiarize themselves with its inner workings. It will also be an opportunity for the team to gather feedback before deploying to the mainnet. This beta launch is expected to have a massive impact on the listing price, with some analysts expecting it to provide a 10x boost. For more information about Mutuum Finance (MUTM), visit the links below: Website: https://www.mutuumfinance.app/ Linktree: https://linktr.ee/mutuumfinance The post Why MUTM is the next Solana in this altcoin season after certik results appeared first on Invezz

Source: Invezz