Crypto investors make big bets on viral DeFi token: is MUTM poised to rally 2K%+?

Crypto analysts are predicting that the MUTM token, the native token of the Mutuum Finance (MUTM) protocol, could rise by over 2560% when it finally goes live. Investors are anticipating a massive rally, and they are buying MUTM tokens in droves. The Mutuum Finance (MUTM) DeFi project has gained massive attention from the crypto world due to its innovative design. Built for long-term gains, this project could change the face of DeFi forever, according to market analysts. How Mutuum Finance (MUTM) works Mutuum Finance (MUTM) is a decentralized non-custodial lender protocol that allows users to join as lenders, borrowers, or liquidators. Lenders on the protocol supply capital into audited smart contracts and receive interest on those deposits. The interest they receive is dynamically set by market forces based on a pool’s utilization rate. When borrowers take loans from a pool, the utilization rate starts to climb, and interest rates start rising. This encourages borrowers to pay back their outstanding loans, while also incentivizing more lenders to join. As a result, the utilization rate goes down, bringing the interest. The system is designed to be self-regulating, allowing for optimal capital utilization. Safeguards on the protocol To ensure that lenders and borrowers operate in a safe and thriving environment, the protocol has created various safeguards. One of them is ensuring there is reliable price data to ensure that users get fair market pricing for their assets. For fair pricing, Mutuum Finance will rely on the Chainlink price data oracles. Additionally, it plans to integrate a backup oracle for price data. It could also implement aggregate price data oracles for redundancy when it comes to real-time price discovery. Another source of price data will be time-weighted price averaging, where there is sufficient on-chain data. Token vetting To protect the solvency and long-term health of the ecosystem, new tokens will have to meet certain standards. For instance, new tokens that require a complex integration process may increase gas fees for other platform users. In such a case, the benefits to the community will be carefully weighed against the potential gas fee increases. Another important metric will be the price volatility and liquidity of an asset. Mutuum Finance (MUTM) will not add assets that have extremely low liquidity and excessive price volatility. Such assets can destabilize the entire protocol through price manipulation. The team will also check tokens for centralization. For instance, if a token is centrally issued or has a single custodian, that creates a single source of vulnerability. Such a coin can be easily shut down by its creators or other agencies, increasing the chances of insolvency of the protocol. Before listing a token, the Mutuum Finance (MUTM) will weigh the benefits to the community versus the challenges created by the possibility of intervention by a single entity. For all tokens added on the platform, Mutuum Finance (MUTM) will conduct dynamic adjustments based on real-time monitoring. That will ensure that a token’s parameters accurately reflect its current liquidity, volatility, and user adoption. Supporting the Mutuum Finance (MUTM) native token The MUTM token, the native token of the Mutuum Finance (MUTM) ecosystem, will be crucial to the long-term success of the ecosystem. As such, the team continues to take measures to ensure its widespread adoption within the crypto world. One of these measures is a CertiK audit, which the team recently announced. In the audit, Mutuum Finance (MUTM) received a Token Scan Score of 80. The results of the audit have been crucial to the viral spread of the ongoing presale, where over $10.3 million has been raised to date. Another important step towards mass adoption came when the team got a listing on the CoinMarketCap crypto price aggregation platform. The platform, which has over 300 million monthly visitors, will be crucial in this plan. It will provide visibility for the token, which could lead to an increased level of adoption. To promote the long-term success and adoption of MUTM tokens, the team plans to create a buy-back and distribution program when the tokens go live. They will use protocol profits to purchase MUTM tokens off the open market and distribute them to stakers. That will apply positive price pressure on the tokens, which will boost demand. Mutuum Finance (MUTM) presale Mutuum Finance has enjoyed massive success in the ongoing presale, where it has raised over $10.3 million. So far, over 11,800 unique buyers have taken part in the presale, which is in phase 5. In the current phase of the presale, tokens are going for $0.03, a 20% increase from the phase 4 price of $0.025. The token price is set to increase by 16.67% in phase 6. Since launching around a week ago, over 28% of the phase tokens have been sold. This is a testament to the fast pace of the ongoing presale. If you are looking for an exciting DeFi project with a native token that is expected to experience sustained upward price pressure, Mutuum Finance (MUTM) is the project to join. With a low price of $0.03 per token in the current phase, you stand to make substantial gains when it goes live. For more information about Mutuum Finance (MUTM), visit the links below: Website: https://www.mutuum.com/ Linktree: https://linktr.ee/mutuumfinance The post Crypto investors make big bets on viral DeFi token: is MUTM poised to rally 2K%+? appeared first on Invezz

Source: Invezz