By Tron (TRX) is currently trading at around $0.27 per token, a price it has maintained for many years.
Despite its promise to change the dApps world, it has not had much luck in terms of growth.
An emerging project that is capturing the masses’ attention, amid projections of massive growth, is Mutuum Finance (MUTM).
The Mutuum Finance (MUTM) project is a revolutionary project that blends all the best technologies in DeFi and comes up with innovative solutions to existing pain points.
Mutuum Finance (MUTM) has been described as a trailblazer by crypto analysts who have had a chance to examine its white paper and all recent developments.
A community has organically grown around this project that aims to revolutionize DeFi. So far, it has over 10,000 followers on X alone.
Presale success wows analysts
Further proof of the true potential of Mutuum Finance’s growth can be found in the ongoing presale.
So far, the presale has managed to raise over $9.4 million from over 11,300 investors.
The presale is currently in phase 5, where each token is going for $0.03.
In the previous phase of the presale, each token was going for $0.025 and has since increased by 20%.
At the current price of $0.03, buyers are guaranteed a 100% return based on the planned listing price of $0.06.
The price is set to rise by 16.67% in Phase 6, diminishing the guaranteed return to 71.43%.
While still an impressive return, nothing beats a 100% return on investment.
The presale has seen an accelerated pace of purchases, with over 9% of the tokens set aside for phase 5 already bought, less than a week after it launched.
A commitment to total revolution
Mutuum Finance’s (MUTM) commitment to revolutionize decentralized finance goes beyond mere hype.
It offers practical solutions that will attract new users for many years to come, supported by mechanisms that encourage growth.
The main value proposition of Mutuum Finance (MUTM) is its unique decentralized liquidity protocol, which comes with two primary modes.
It allows users to participate as borrowers, lenders, or liquidators.
The system allows lenders to contribute liquidity, and borrowers can borrow those funds within the same smart contract.
This system does not require individualized loan matching, relying on collective pool dynamics instead.
In the peer-to-contract (P2C) mode, lenders send their funds into an audited smart contract and begin to earn an annualized interest yield.
The interest rate is set dynamically based on the pool’s utilization.
As more borrowers join a pool, the interest rate rises, which encourages more lenders to deposit their assets.
However, the rising rate discourages more borrowing, which reduces the interest rate.
This self-balancing mechanism ensures the long-term solvency of the pools and promotes maximum capital efficiency.
Lenders in the P2C mode receive mtTokens when they deposit funds, a useful tool that grants them instant liquidity.
For instance, when a lender deposits $3,000 worth of USDT, they receive mtUSDT tokens of an equivalent value.
These tokens represent their share in the collective pool, as well as any interest accrued.
The use of mtTokens ensures full transparency and non-custodial ownership.
Users of the protocol can use mtTokens to monitor their deposits.
At the same time, they can trade these tokens on secondary marketplaces or within Mutuum Finance, taking advantage of crypto market opportunities as they arise.
The second mode, called peer-to-peer, is reserved for low liquidity tokens like the BONK meme coin.
This mode operates in separate smart contracts and is designed to protect the core pools from the high volatility of these assets.
Lenders and borrowers can agree on unique terms for these assets, including the interest rate, the duration of a loan, and more.
Whether using P2P or P2C, all loans on Mutuum Finance are overcollateralized.
The protocol uses a “stability factor” that monitors all collateral and the associated loans.
If the value of collateral gets below a certain threshold, it is liquidated. This creates an opportunity for liquidators to make a small profit by purchasing the debt at a discount.
The upcoming beta launch
Mutuum Finance (MUTM) early backers will have a chance to test a beta version of the platform on day one of the token listing.
The team plans to launch this beta version as proof of concept and to convince the last remaining doubters of the potential use cases.
For those who wait until the beta launch to be convinced to get MUTM tokens, they could still experience a 10x increase from the listing price.
For more information about Mutuum Finance (MUTM), visit the links below:
Website: https://www.mutuum.com/
Linktree: https://linktr.ee/mutuumfinance
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