In a crypto market characterized by rapid advancement and market shifts, the emergence of a new DeFi token has captivated analysts and crypto investors. Mutuum Finance (MUTM) is the latest competitor to PEPE that offers real-world utility. Many analysts are now expecting a rally that will surpass 2300%. Pepe (PEPE) Streak Draws To A Close For a long time, PEPE has been a well-known name in crypto circles. However, analysts note that despite its past strong performance, PEPE lacks real utility and relies on hype to grow. While PEPE still generates a lot of hype online, analysts question its long-term suitability. For instance, EPPE is down over 15% in the past week alone. As such, investors and analysts are turning to Mutuum Finance (MUTM) for its massive promise of utility. The presale success is proof of the expected strong performance of the latest token in the DeFi space. Mutuum Finance (MUTM) Presale Success The Mutuum Finance (MUTM) presale has been a massive success so far, raising over $10.1 million from over 11,700 investors. It recently picked up speed after surpassing the psychological $10 million mark. With that behind it, investors are now stocking up on MUTM as they take every opportunity they can get to exit PEPE. The presale is currently in phase 5, where each token is selling for $0.03, which represents a 200% increase from the phase 1 price of $0.01. In the upcoming phase of the presale, the token price will rise by 16.67% to $0.035. The price increase will reduce the expected ROI based on the $0.06 listing price from 100% to 71.43%. To avoid missing this massive ROI, investors are scrambling to get as many MUTM tokens as possible, with over 25% of the tokens set aside for phase 5 already sold out, barely a week after it began. How The Mutuum Finance Protocol Works The Mutuum Finance (MUTM) protocol is a decentralized non-custodial liquidity pool where users can participate as liquidators, lenders, or borrowers. Lenders on the platform deposit their tokens and receive interest on their assets. The interest they received is tied to the pool’s utilization rate. Meanwhile, borrowers obtain loans by depositing collateral of a higher value than the loan they want. There are many benefits to borrowing on Mutuum Finance. For one, you can access liquidity while still retaining ownership of your valuable assets. Taking a loan ensures you do not have to sell the assets at a potentially unfavorable time. That way, you can benefit from future price increases. This tactic can assist you in funding new opportunities without missing out on potential gains. It is especially so if you believe the value of your collateral will rise in the future. To protect liquidity on the platform, Mutuum Finance applies a reserve factor. The reserve factors collect a portion of the interest from borrowers. These funds are put into an aggregate pool and are used to offset extreme market swings and defaults. Tokens that are more stable get small reserve factors, of around 10%, while those deemed as illiquid and volatile receive a bigger reserve factor of up to 35%. The design ensures there is a balance between the solvency of the protocol and the need to diversify the asset base of the protocol. Details Of The mtTokens The mtTokens on Mutuum Finance are a deposit token mechanism that is built for those who supply assets to lending pools. When a user deposits $3,150 worth of DAI to a liquidity pool, for instance, they receive mtDAI tokens in return. These tokens are issued on a 1:1 nominal ratio. The mtTokens are a representation of the user’s original deposit plus any interest accrued. As such, the protocol updates the redemption value of the tokens in real time to reflect the interest accrued. Over time, the value of each mtToken that can be redeemed continues to rise. Since mtTokens are compliant with the ERC20 token standard, they can be moved to secondary markets and integrated with other DeFi protocols. That will open up new market opportunities for holders of the tokens, even as their assets continue to accumulate value in the pools. When a lender is ready, they can deposit the mtTokens back in the pool and get back their assets plus the interest they accrued. By design, this design brings about a high level of transparency in the DeFi space. Protocol users no longer need to actively claim or compound their gains. Instead, the mtTokens themselves are a representation of the value increase. The system also enables non-custodial ownership, allowing holders to transfer and monitor their deposit position across the various lending positions on Mutuum Finance (MUTM). From the above, Mutuum Finance (MUTM) aims to create the future of DeFi. It gives users more earning opportunities while ensuring true non-custodial ownership. If you are looking to be part of the future of DeFi, the MUTM token presale presents the perfect opportunity. At the current low price of $0.03, this is a bargain you should not miss. For more information about Mutuum Finance (MUTM), visit the links below: Website: https://www.mutuum.com/ Linktree: https://linktr.ee/mutuumfinance
