Mutuum Finance (MUTM) is a new project in the decentralized finance market that offers users opportunities for lending and borrowing assets.
Overview of Mutuum Finance (MUTM)
Mutuum Finance (MUTM) is a decentralized non-custodial protocol that allows users to lend and borrow various assets. Participants can also become liquidators, supporting the ecosystem. The protocol offers flexible interest rates and a variety of quality tokens, enabling users to optimize their DeFi strategies for maximum returns.
Stages of the MUTM Token Presale
The Mutuum Finance (MUTM) presale has gained significant attention, raising over $10.1 million from over 11,700 buyers. During the first phase of the presale, participants were able to purchase tokens at a low price of $0.01, with the current price increasing by 200% to $0.03. The token price is set to rise by 16.67% to $0.035 in the next phase.
Adding New Assets to Mutuum Finance
Mutuum Finance has established a framework for deciding which assets are added to the protocol, aiming to balance diversification with long-term solvency. When lenders deposit assets, they receive mtTokens, representing their deposits and earned interest. All borrowing positions must be overcollateralized to reduce the risk of default.
Mutuum Finance represents a promising project in the DeFi space, offering numerous opportunities for users. The protocol allows for flexible interactions with assets and ensures a sustainable operational model.
