SOL crashes in the wake of Musk storm, investors shift capital to MUTM

Following Musk’s acrimonious parting with the US president, it has triggered a crypto market crash that has led to a slew of liquidations valued at over a billion dollars.

It saw the price of Bitcoin (BTC) tank to just above $100K, while Solana (SOL) is down nearly 7% from its one-week high.

The increased market volatility has triggered a rush of capital into Mutuum Finance (MUTM) as investors seek out long-term stable rewards.

So far, the Mutuum Finance presale has raised over $10.3 million, with the rate expected to rise in the coming days.

Mutuum Finance (MUTM): designed for stability and growth

Mutuum Finance (MUTM) is a DeFi project that is built for long-term gains for its community.

The project is built around the Mutuum Finance protocol and the MUTM token, and has a plan to ensure that it continues to enjoy stable growth for years to come.

On the Mutuum Finance protocol, users can participate as lenders or borrowers. Lenders deposit assets into the protocol to earn interest on their assets.

That creates a great passive income source, even as the assets continue to accrue value based on market movements.

The interest rate that lenders earn is based on the pool’s utilization rate.

To determine the pool utilization rate, the protocol measures the value of assets being actively borrowed vs the total value of assets in a pool.

Borrowers take loans from the pools by depositing collateral that is of a higher value than the assets they borrow.

They then pay interest on those assets, and there is no time limit on how long they can hold onto a loan.

As such, they can benefit from real-world crypto market opportunities without losing out on the future price appreciation of their assets.

Lenders and borrowers can interact via P2P or P2C pools. In the peer-to-contract (P2C) pools, lenders deposit their assets in communal pools, where market rates and other conditions are determined by the protocol.

In the peer-to-peer (P2P) mode, lenders and borrowers have a chance to decide on the interest rate and other conditions.

The P2C mode is typically reserved for more stable assets like DAI and ETH, while the P2P mode is reserved for assets with high volatility, such as the SHIB meme coin.

Overcollateralization on Mutuum Finance

Whether in the P2C or P2P mode, the protocol requires that all assets be collateralized. Different assets will come with different levels of collateralization.

For instance, a stable asset like ETH might have a lower collateralization requirement. On the other hand, when using assets that are illiquid or have high volatility, the collateralization requirements are set high.

These parameters are put in place to ensure the long-term stability of the ecosystem. It ensures there is a large enough moat in case a loan position falls into under-collateralization and requires liquidation.

The buffer created by the parameters ensures that liquidators can buy the debt while still making a profit.

This is because the protocol relies on liquidators, who need to be incentivized with discounts.

Protocol profits support MUTM token growth

The Mutuum Finance team understands the critical role that MUTM tokens play in the overall growth of the ecosystem.

As such, it plans to use protocol profits to purchase MUTM tokens off the open market and distribute them to stakers on the protocol.

This scheme will ensure that the value of MUTM tokens continues to rise, with the positive market performance expected to attract more users to the protocol.

Over the long term, this strategy will produce stable growth for all participants.

Mutuum Finance (MUTM) was listed on CoinMarketCap. The listing is one of the planned milestones of the roadmap and signals the team’s commitment to fulfilling their promises.

It will help improve the visibility of the Mutuum Finance project. Millions of people visit CoinMarketCap daily, allowing them to view the real-time price changes of MUTM tokens.

That could lead to a surge in new users on the protocol, further supporting the upward price movement of MUTM tokens.

MUTM token presale performance

The Mutuum Finance (MUTM) presale has been a massive success to date.

It has raised over $10.3 million to date. So far, over 11,800 unique buyers have secured their presale tokens, with the figure expected to continue rising in the coming days.

Over 28% of the tokens set aside for phase 5 of the presale have already been sold, spurred on by a recent inflow of capital from investors looking for stability in a volatile crypto market.

The phase 5 tokens are selling for $0.03, with the price expected to increase by 16.67% in the upcoming phase 6 to $0.035.

Those who secured their assets in phase 1 of the presale got them for $0.01.

Mutuum Finance (MUTM) is an exciting DeFi project that has a solid plan for delivering long-term, stable rewards for its community.

The current fast rate of the presale signals that the crypto community believes in its vision.

You too have a chance to be part of this revolutionary project by purchasing MUTM tokens at the low price of $0.03. 

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

Website: https://www.mutuum.com/ 

Linktree: https://linktr.ee/mutuumfinance

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