A new DeFi token, Mutuum Finance (MUTM), has emerged on the crypto market, capturing the attention of analysts and investors due to its real utility.
End of PEPE Era
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. Currently, PEPE has dropped over 15% in the past week.
Success of Mutuum Finance Presale
The presale of Mutuum Finance (MUTM) has been highly successful, raising over $10.1 million from more than 11,700 investors. The presale is currently in phase 5, with the token priced at $0.03, representing a 200% increase from phase 1. Further price growth is expected in upcoming phases.
How the Mutuum Finance Protocol Works
The Mutuum Finance (MUTM) protocol is a decentralized non-custodial liquidity pool allowing users to participate as liquidators, lenders, or borrowers. Lenders can deposit their tokens and earn interest, while borrowers obtain loans by providing collateral exceeding the loan amount. The protocol also ensures liquidity protection via reserve factors.
Mutuum Finance (MUTM) aims to create the future of DeFi, providing users with more earning opportunities while ensuring true non-custodial ownership.
