As XRP stagnates, is it time to look into Mutuum Finance’s untapped potential?
Ripple (XRP) has been in a protracted legal battle with the US SEC, which has kept its price under $2 for a long time.
However, after some recent legal victories, it seemed XRP was on the path to recovery. The recovery has stalled with the price showing signs of stagnation as the SEC does not appear willing to let up.
In the meantime, Mutuum Finance (MUTM) is blazing past all expectations as it seeks to turn the decentralized finance (DeFi) ecosystem and explore its full potential.
As word on Mutuum Finance’s incredible platform capabilities gets around, investors in Ripple (XRP), seeking out quick gains in the current bull run, are pouring into the project.
This has led to Mutuum finance skipping from milestone to milestone at dizzying speeds.
For instance, it has already completed the first four phases of its presale, and is now in phase 5.
Thus far, it has raised over $9.25 million from investors, with each token currently going for $0.03.
In the previous phase of the presale, each token was going for $0.025, which marks a 20% increase in the price in the current phase 5.
The price will rise another 16.67% in the upcoming phase, reducing the guaranteed 100% return based on the $0.06 listing price.
Those who wait until phase 6, when the price rises to $0.035, will see a 71.43% return on listing day, which, while still impressive, is wildly smaller than a 100% return.
So far, the presale has attracted a lot of people, with over 11,100 participants buying into it.
As a reward to the biggest early supporters, Mutuum Finance (MUTM) has launched a leaderboard in the presale dashboard.
Here, the biggest participants in the presale are listed, and they receive bonus spot rewards occasionally.
Anyone can move to the top spot by simply purchasing more presale tokens than the listed top contender.
The board is updated often, which allows you to track your ranking.
The full potential of Mutuum Finance (MUTM)
The Mutuum Finance (MUTM) project aims to unleash the full potential of decentralized finance via an innovative lending protocol that comes with two modes.
The first mode, known as peer-to-contract (P2C), allows lenders to deposit funds, such as $7,000 worth of ETH into a common lending pool. These funds will then earn an annual percentage interest, whose rate is based on the pool’s utilization rate.
To cover every corner of the DeFi world, Mutuum Finance (MUTM) also plans to launch a peer-to-peer (P2P) mode, where lenders and borrowers can engage in direct negotiations.
It is reserved for assets with a lower liquidity, such as the PEPE meme coin.
In P2P, lenders and borrowers set the terms for their loans, including the interest rate, and repayment period, without input from any third parties.
Mutuum Finance (MUTM) also plans to launch a stablecoin to bolster the platform’s liquidity.
This stablecoin will be algorithmically pegged to the USD and will be minted by borrowers using overcollateralized loans.
Additionally, it will create another avenue to earn slow but steady gains via arbitrage, which will be an important tool in maintaining its price stability.
Mutuum Finance (MUTM) aims to create a platform that offers the best opportunities for fair price discovery.
Consequently, it plans to use price oracles, powered by the Chainlink price feeds.
These feeds present the price of assets in both USD and native coins such as ETH and AVAX.
In the future, they plan to add backup price feeds to ensure 100% uptime.
Additionally, they could use data from decentralized trading when volumes are sufficient to ensure that the market prices on the platform accurately represent real-world prices.
Massive $100K giveaway for early adopters
Besides the presale leaderboard, Mutuum Finance (MUTM) has created a $100K reward program, designed to reward all early supporters of the project.
In this giveaway, the minimum participation amount is $50 worth of tokens.
Mutuum Finance (MUTM) will pick 10 lucky winners, each of whom will receive a $10K reward in MUTM tokens for being an early supporter of the vision.
Mutuum Finance (MUTM) aims to unleash the full power of DeFi, giving everyone a fair chance to make it big in the crypto world via multiple earning avenues.
At the low entry price of $0.03 per token, this is an opportunity that even XRP investors could not pass up.
For more information about Mutuum Finance (MUTM), visit the links below:
Website: https://www.mutuum.finance/
Linktree: https://linktr.ee/mutuumfinance
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