Mutuum Finance (MUTM) is poised to become the leading DeFi platform

After recently passing its audit report, Mutuum Finance (MUTM) is now on a straight path to the top of the DeFi ecosystem. Having a vision is easy, but the hard work comes in when developers have to create the code, test it, and then submit it for audit. So far, Mutuum Finance (MUTM) has overcome the main hurdles and is now looking forward to launch day. Before that date, the community has been rushing into the platform via the presale, which is now in phase 5. Thus far, they have poured over $9.25 million into the project, with each token going for $0.03 in the current phase. Over 11,100 unique buyers have secured their place in the presale, and over 5% of the tokens in phase have been sold, barely two days after it began. Buyers who found out about the potential of this project early on bought in while the tokens were going for $0.01 in phase 1. Since then, the token price has risen 200% to the current $0.03, and is set to rise 16.67% in the upcoming phase 6 to $0.035 per token. At the current price of $0.03, all buyers are guaranteed a 100% return on listing day, which will be $0.06 per token. However, wise investors have no plans to sell their tokens on listing day. They expect the price to shoot up massively, with conservative estimates placing the increase at $2 per token. On the higher end of the forecast, some analysts expect a price of $5 per token. These zealous forecasts are driven by the recently passed audit of the protocol’s smart contract. With an audit report providing the wind under its wings, even these estimates could be exceeded due to the premium crypto investors place on verifiable trust. Mutuum Finance (MUTM) is a bastion of utility The past few years have led to an explosion of meme coins with no real utility, which has led to a phenomenon called meme coin fatigue. As such, the massive utility promised by the Mutuum Finance (MUTM) projects comes as a much-awaited relief for investors who have been holding off due to lack of utility. The project’s utility is mainly derived from its lending protocol, which recently passed an audit. Within this lending protocol, there are two distinct modes, which are the peer-to-contract (P2C) and the peer-to-peer (P2P) mode. Within the P2C mode, lenders deposit their funds into lending pools that are backed by audited smart contracts. They can deposit $6,000 worth of ETH, for example, and then sit back as their holdings accrue a percentage annual yield. The rate of the yield will be dynamically set by market forces, based on the pool’s utilization rate. In the second mode, called P2P, lenders and borrowers engage in direct negotiations. In these negotiations, which do not involve any third party, they can decide on the terms of the loan, such as the yield rate, repayment period, and much more. This mode offers lenders an opportunity to get the best rate possible, while borrowers negotiate terms that suit their interests best. The P2P mode is reserved for low-liquidity tokens such as meme coins like PEPE. Having recently passed its audit, the number of lenders who are considering joining Mutuum Finance (MUTM) will be quite high. In the crypto space, the main currency of trade is trust, and Mutuum Finance (MUTM) has 100% trust with its publicly available audit. The team also plans to launch a stablecoin, which will boost liquidity on the platform, solving the issue of liquidity that has plagued DeFi platforms in the past. Unlike other platforms where the stablecoin is backed by siloed vaults of assets, users of this platform will be able to create a multi-asset position to back their stablecoins. This simplified process is expected to be a massive boost to the platform’s liquidity. Further bolstering its position as one of the best DeFi platforms in existence is the planned buy-back and redistribution model. With so many facets for utility, this platform is expected to have numerous sources of revenue. They plan to utilize this revenue to buy back MUTM tokens on the open market and distribute them to their stakers. Besides having a positive impact on the price of the tokens, it will also incentivize new stakers to join the platform and benefit from these distributions. Mutuum Finance (MUTM) is a platform that has successfully passed its audit and plans to launch a beta version of its platform on day one of listing. To position yourself to benefit from this upcoming windfall, getting into the presale now would be your best move. 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) is poised to become the leading DeFi platform appeared first on Invezz

Source: Invezz