Major whale dumps Pi Coin (PI) for MUTM after certik audit results

Since its launch, Pi Coin (PI) has had rough sailing. After an initial upward movement in February, the project suffered from bad publicity after revelations that insider whales were dumping their coins.

That has eroded trust in the project, which is trading below $1 per coin.

As investors scamper to exit PI, they are turning to Mutuum Finance (MUTM), which is beaming with trust following its recent Certik audit.

Mutuum Finance (MUTM) certik audit impresses

In the crypto world, trust is the bedrock on which all successful projects are built.

A good demonstration of this is Mutuum Finance (MUTM), which has seen a surge in support following its Certik audit.

The audit is a badge of trust, which signals that the project is safe for all early supporters.

Certik, one of the most trusted third-party smart contract audit services, is the gold standard for security in the crypto world.

The nature of DeFi projects means that passing a Certik audit is the only reliable and verifiable measure of whether a project is worth investing in.

The impressive results of the Certik audit signal that the Mutuum Finance (MUTM) developer team is laser-focused on giving their community the best product possible.

Details of the Mutuum Finance (MUTM) presale

Since passing the Certik audit, the Mutuum Finance (MUTM) has picked up steam, with over $9.4 million worth of presale tokens sold so far.

The presale has seen over 11,200 unique participants, and over 8% of the tokens reserved for phase 5 have been sold.

What is impressive about the rate of sale of the tokens is that it started less than a week ago.

Tokens in phase 5 are going for $0.03 per token, marking a 200% increase from the phase 1 price of $0.01.

However, that has not slowed down investors, who still stand to make a 100% return based on the listing price of $0.06.

What to expect from Mutuum Finance (MUTM)

The Mutuum Finance (MUTM) project aims to revolutionize DeFi with its unique lending protocol.

It will feature two modes and is designed to power the next wave of DeFi adoption.

In the first mode called peer-to-contract (P2C), lenders and borrowers interact via collective pools governed by smart contracts.

Lenders deposit assets in a collective pool, and begin to earn an annualized percentage yield.

The rate of this yield is set by market forces, and is determined by a pool’s utilization. In exchange for their deposit, lenders are given mtTokens.

The mtTokens are designed to give lenders instant liquidity to ensure they can participate in all market opportunities available to them.

When a lender deposits $4,500 worth of ETH for instance, they receive mtETH tokens, which represent the value of their deposit, plus any interest accrued.

These tokens are based on the ERC-20 token standard, which means they can freely flow to secondary marketplaces.

Additionally, they can be used as collateral for loans on Mutuum Finance.

The mtTokens thus ensure that even when earning yields on their deposits, lenders can access instant liquidity and benefit from other available market opportunities.

The second mode supported on Mutuum Finance is peer-to-peer (P2P).

This mode is useful for unlocking the full potential of low-liquidity assets like the DOGE meme coin.

Lenders and borrowers can set the terms for these assets, including the interest rate and repayment period.

However, the smart contracts for these high-volatility assets are kept separate from the main P2C pools to ensure their high volatility does not cause unwanted market swings within the protocol.

Earning dividends on Mutuum Finance (MUTM)

The Mutuum Finance (MUTM) project has established a profit-sharing mechanism that is designed to reward its stakers.

Profits from the protocol are used to buy MUTM tokens on the open market, which are then sent to stakers on the protocol.

This not only serves as a reward for stakers, but also helps to stabilize the price of MUTM tokens.

Additionally, it will ensure continuous upward price pressure on the token, increasing the overall portfolio valuation for all supporters of the project.

These purchases and distributions are done transparently via smart contracts to enhance trust in the ecosystem.

Having recently passed the Certik audit, participants in the ecosystem can be assured that they are part of a transparent and safe ecosystem.

Experts forecast that the token listing price could jump 10x in value just a few days after launch, driven by the planned launch of the beta version of the platform.

For the price of just $0.03, anyone can join this revolutionary ecosystem. 

For more information about Mutuum Finance (MUTM), visit the links below:

Website:https://www.mutuumfinance.app/
Linktree: https://linktr.ee/mutuumfinance

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