The post This Hot New Altcoin In DeFi Is Turning Heads appeared first on Coinpedia Fintech News
As the month of May draws to a close, investors are searching for the best new coin in which to invest. So far, one of the hottest coins that everyone is talking about is Mutuum Finance (MUTM). Some analysts believe that this could outperform Ethereum (ETH) in terms of real-term gains. This is especially so based on recent developments revealed by the team, which have been turning heads.
Mutuum Finance (MUTM) Recent Developments
One of the biggest announcements to come from the Mutuum finance team is that they have passed the Certik audit. The audit is a mark of trust and represents a major milestone for the team. It signals they are committed to delivering a safe product that will benefit everyone in the DeFi world.
Passing a Certik audit requires that the code be examined for any inherent vulnerabilities that may impact early adopters. Due to the trustless nature of DeFi, a Certik audit is the only way for early adopters to confirm that a project is safe.
Following the results of the Certik audit, the team is now focused on delivering a beta version of the platform. They plan to launch the beta version on a testnet on the same day as the public listing. This will allow all early adopters and future ones to examine the platform and confirm the promises made by the team. The launch is also expected to generate more visibility for the project online, which will boost its organic reach.
Another development that is turning heads is the planned $100K giveaway. The giveaway is ongoing and aims to reward presale participants with $10K in MUTM tokens each. To participate in the giveaway, buyers in the presale only need to make a $50 purchase of MUTM tokens.
Mutuum Finance (MUTM) Price Forecast
Mutuum Finance is currently in Phase 5 of its presale. It has so far raised over $9.7 million from over 11,400 investors. These early investors stand to make some massive gains based on recent forecasts from analysts.
For instance, at the current price of $0.03 per token, that is a 100% ROI based on the listing day price of $0.06. The current price represents a 200% increase from the Phase 1 price of $0.01, and a 20% increase from the Phase 4 price of $0.025. In the upcoming phase 6, the token price will increase 16.67% to $0.035.
However, those presale price gains pale in comparison to what analysts expect when MUTM goes live. Currently, the most conservative estimates call for a 5x increase, with some more optimistic estimates calling for a 20x increase.
Those increases are expected to occur within the first few days of the public listing. With a listing on a major exchange expected after that, the price of Mutuum Finance (MUTM) tokens could have exploded, shadowing the gains made by Ethereum in the early stages of its release. Once the initial surge dies down, it is likely that Mutuum Finance will continue rising due to its value proposition.
A Deep Dive Into The Mutuum Finance (MUTM) Utility
The Mutuum Finance project aims to transform the DeFi world with utility. For lenders, it will provide an easy means to earn interest on assets while still maintaining total liquidity. The project achieves this through a nouveau approach called mtTokens. These tokens represent the value of a depositor’s assets in a pool as well as the interest they accrue.
For instance, if a depositor deposits $4,500 worth of MATIC in a pool, they will receive mtMATIC tokens. These tokens grant the holder instant liquidity and can be used to take advantage of market opportunities elsewhere.
Mutuum Finance (MUTM) plans to launch external liquidity pools on decentralized exchanges such as Uniswap, where users can go to redeem their mtTokens. The approach will ensure liquidity is preserved on the protocol while still allowing users to have access to their assets with ease.
To preserve the long-term stability of the platform, they have also introduced a stability factor. The factor will be used to rate tokens used as collateral. This rating will be assigned based on various factors, with a focus on volatility and liquidity. If the value of collateral backing a position drops below an acceptable level, it will be liquidated. Liquidators can then step in to purchase the debt at a profit, while helping to maintain protocol stability.
Mutuum Finance (MUTM) will reinvigorate the DeFi space, opening up new opportunities for crypto asset holders worldwide. Its commitment to protocol growth by balancing liquidity and expanding market opportunities will ensure holders of MUTM tokens can experience value growth. The ongoing presale presents a unique opportunity to join this revolutionary ecosystem while it is still on the ground floor.
For more information about Mutuum Finance (MUTM) visit the links below:
Website: https://mutuum.com/
Linktree: https://linktr.ee/mutuumfinance
