With institutional giants and publicly traded companies continuing to spend billions on Bitcoin (BTC), the crypto market is enjoying a new wave of investor interest, and the actual momentum may be playing out beyond the flagship cryptocurrency. Mutuum Finance is among the emerging players that are making headlines with its disruptive DeFi lending model aimed at connecting the world of traditional finance and the blockchain ecosystem.Â
Mutuum Finance (MUTM) stands at $0.035 as investors flock to buy tokens in the sixth round of presale. It has fundraised over $15.45 million on the platform, and has over 16,100 token holders. Bitcoin may take up corporate balance sheets, but altcoins will remain the driving forces behind the market, but the trend of Mutuum indicates a shifting paradigm where decentralized finance may represent the next stage of the growth in digital assets.
Bitcoin Stabilizes in the Face of Institutional Action
Bitcoin is currently trading at approximately $111,392, and displays a minor intraday volatility of high of approximately $111,714Â and low of approximately $109,378. Recent report points to the relative stability of Bitcoin at holding the $110K to $111K spot, attributed to a peak network hash rate, which indicates sound underlying infrastructure, despite traders waiting to see what the historic volatility in September will bring. Bitcoin is also acting like a safe-haven asset, according to market watchers, and trends with gold as Federal Reserve interest rates head in that direction.
Presale Stage 6 Milestone
Mutuum Finance is still under presale and is at the sixth stage where the token is being sold at a price of $0.035. Because the project already reports more than 16,100 token holders, and has already raised more than $15.45 million, attention is growing. The new money is positioning itself to get a huge payoff during the next bull run.
Shaping the Future of DeFi
Mutuum Finance will become the leader in the next generation of DeFi by building a new-generation Decentralized Finance platform to provide retail and institutional services. The project is making leaps ahead of the pack courtesy of its sophisticated smart contract model and security and scalability orientation.
Mutuum finance has declared a $100,000 giveaway where 10 winners will win $10,000 MUTM tokens. The project commitment to create a long term and committed user base is reflected in the undertaking.
Official Bug Bounty Program
To bug hunters, Mutuum Finance has also introduced a bug bounty program in collaboration with CertiK with a total maximum reward of $50,000. Such rewards will be classified as critical, major, minor and low and will be deployed in descending order to ensure that the platform is safe and the system is stable.
Key Metrics and Protections
The platform is constructed based on the assumptions of Loan-to-Value (LTV) ratio to restrict borrowing and collateral and offload liquidation requirements to risky employment and compensating liquidators. The reserve factor is then used as a proxy in order to represent the content of interest to provide what can be considered a cushion against default and extreme market conditions and ensure more reserve is provided to riskier assets.
Mutuum Finance (MUTM) is becoming a top investment as institutions invest billions in Bitcoin. Stage 6 tokens cost an equivalent of $0.035; the number of holders is more than 16,100, and the amount raised is $15.45M, a good sign of strong momentum. Those who are investing now set themselves up to a significant upside as the adoption of DeFi speeds up. Combining security, scalability, and room to grow, Mutuum Finance offers a $100,000 giveaway, a $50K CertiK bug bounty, and a platform that is both consumer and institutional lending friendly. Stage 6 is now open, and the early-entry opportunities will be shut by the next price rise.
For more information about Mutuum Finance (MUTM) visit the links below:
Website: https://mutuum.com/
Linktree: https://linktr.ee/mutuumfinance
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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