Polygon and Mutuum Finance present exciting initiatives in the DeFi and global payments space. Polygon is scaling up, while Mutuum Finance is successfully attracting investments.
Polygon's Updates and Plans
Polygon has announced its Gigagas roadmap, which includes updates to achieve instant finality and transaction speeds. The first significant update is expected in early July, where Polygon's TPS will increase to 1000 with a five-second finality. The goal is to make Polygon a universal layer for global payments and real-world assets without intermediaries.
Features and Security of Mutuum Finance
Mutuum Finance (MUTM) is designed as a decentralized lending protocol that allows users to participate as lenders, borrowers, or liquidators. The unique aspect lies in the interest payment mechanism, which depends on the pool asset utilization rate. To ensure security, the protocol incorporates overcollateralization requirements for borrowers and a reserve factor used during high volatility. The team plans to create a bug bounty program for detecting vulnerabilities in the code, adding an extra layer of protection.
Success of the MUTM Token Presale
The presale of Mutuum Finance (MUTM) tokens has raised over $10.7 million from around 12,100 unique buyers. The current token price is $0.03, which is a 200% increase from the initial value in phase one. It is expected that the price could further increase by the end of the presale campaign, drawing attention from investors.
Polygon and Mutuum Finance highlight the importance of scalability and security in the DeFi sector, attracting both users and investors.
