The presale has been progressing at a phenomenal rate, with 110 million tokens sold out in phase one within two weeks. The strong initial demand set the pace for phase two, where more than 40% of the allocated tokens have already been claimed by investors. With every stage coming with a price increase, more and more buyers are scrambling to buy MUTM at its lowest available price before it drifts towards its launch price of $0.06.
As momentum builds, fear of missing out (FOMO) is spreading among investors, particularly as the presale progresses through its 11 planned phases. With whales and experienced traders showing interest, the demand for MUTM is expected to continue rising, making it one of the standout DeFi projects of the year.
Mutuum Finance is a decentralized lending platform that allows users to provide assets and receive passive income or borrow money without disposing of their holdings. Through providing a secure and open alternative to lending, the platform has emerged as a powerful competitor in the DeFi space.
The lending system is designed with two models to cater to different financial strategies:
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Liquidity Pool Lending (P2C): Assets are placed in pools and accrue interest based on supply and demand forces. The more in demand, the higher the interest that lenders receive, offering a fair and efficient capital allocation.
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Direct Lending (P2P): Unlike pools in traditional finance, here the users themselves determine the loan terms, which may be the interest rates as well as repayment durations. This also facilitates lending and borrowing to riskier investments like Dogecoin (DOGE) or Shiba Inu (SHIB), so that more options are available to the user in the market.
When clients deposit assets with Mutuum Finance, they get mtTokens, which serve as evidence of the deposit. Not only do the tokens contain the underlying asset, but the value is also accruing to them as interest is accumulated. For instance, a client who deposits 10,000 USDT will get 10,000 mtUSDT, which appreciates in redemption value as interest accumulates.