Mutuum Finance (MUTM) is making waves in the crypto space, having secured over $9.25 million from its ongoing presale.

Currently in phase 5, the project has over 11,100 individual holders and is growing.

Tokens in phase 5 are going for $0.03 per token, and over 5% of the tokens have already been sold since the current phase started around 48 hours ago.

In the previous phase 4 of the presale, the tokens were going for $0.025, and the price has since risen by 20%.

In phase 1, the tokens were going for just $0.01, marking a 200% price increase in the current phase.

However, there is still a guarantee to make back 100% of the token presale investment when the tokens finally launch on listing day at $0.06 per token.

The massive interest in the project is driven by several factors, including the utility and audit report.

The cornerstone of any decentralized finance (DeFi) project is trust. Since there are no third-party regulators, all participants in the project need to know that their interests are always safeguarded.

Recently, Mutuum Finance released its audit report, which shows that the protocol has passed all tests.

This report will no doubt boost confidence in the project, increasing the rate at which buyers are getting the MUTM presale tokens.

As such, the current price of $0.03 in phase will not last long, with the project set to move on to phase 6, at $0.035, a 16.67% price increase.

The main draw to the Mutuum Finance (MUTM) project, besides the successful audit report, is that it offers a massive amount of utility to its community.

Participants in the ecosystem primarily derive their utility from the innovative lending protocol. This protocol comes with two modes, which are P2P and P2C.

In the peer-to-contract (P2C) mode, lenders deposit their funds in a pool backed by an audited smart contract. For instance, they could deposit $5,000 worth of USDT.

In exchange, they will receive an annual percentage yield, with the rate determined by the pool’s utilization rate.

In the second mode, called the peer-to-peer (P2P), lenders interact directly with borrowers via audited smart contracts.

They can decide on the amount, rate, repayment period, and other terms.

This mode is reserved for tokens with low liquidity, especially meme coins like PEPE.

Another noteworthy feature of the platform is the stablecoin engine.

This stablecoin, which will be USD-pegged, will be backed by overcollateralized collateral, allowing users to have access to instant liquidity in just a few clicks.

Consequently, it will also boost the overall liquidity of the ecosystem.

To further boost the overall participation in the ecosystem, Mutuum Finance (MUTM) plans to launch a mechanism designed to increase the overall value of the MUTM token.

This will be accomplished via buyback and distribute mechanism.

It will entail purchasing MUTM tokens on the open market, and then redistributing these tokens to the stakers on the platform that help to maintain it.

By buying back tokens from the open market at a steady rate, Mutuum Finance will apply upward price pressure on the tokens, which will lead to price jumps, increasing interest in the project.

‘Additionally, it will serve as an incentive for others in the crypto market to join the project, and receive these tokens.

Everything will be controlled via audited smart contracts, which will be useful for boosting trust in the platform.

Another boost to trust in the platform will be via the use of price oracles, with the primary source being the Chainlink price feeds, which are widely used in the DeFi world.

The team also plans to include backup price feeds to ensure there is always a reliable reference point for price discovery.

The Mutuum Finance team also plans to launch a beta version of the platform on day one of the token listing.

This beta version will act as an important signal of the team’s commitment to launching a transformative DeFi ecosystem for the masses.

With the smart contract having passed the audit recently, the strategic move to launch the beta version on listing day, will only be crucial to boosting demand for MUTM in anticipation of mainnet launch.

For more information about Mutuum Finance (MUTM), visit the links below:

Website: https://www.mutuumfinance.app/ 

Linktree: https://linktr.ee/mutuumfinance 

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