Cryptocurrency Venture Mutuum Finance Successfully Secures $15.8 Million Investment During Phase 6, Progress Reaches the 40% Mark
Mutuum Finance, a new decentralized lending-and-borrowing platform, is set to go live on the Ethereum blockchain. The platform aims to revolutionize the crypto lending space by allowing anyone to earn yield on idle crypto or unlock liquidity against their holdings without relinquishing custody or dealing with intermediaries.
The primary asset of Mutuum Finance is MUTM, an ERC-20 token with a fixed supply of 4 billion. Up to 45% of MUTM is available in a multi-phase presale at tiered, discounted prices. The current price of MUTM in Phase 6 is $0.035, and it has already increased by approximately 250% from its Phase 1 price of $0.01.
Mutuum Finance's platform pairs instant pooled liquidity (P2C) with bespoke P2P loans. In the P2C market, suppliers place assets into a shared smart-contract pool, and borrowers tap the pool on demand, with rates adjusting dynamically as utilization changes. On the other hand, the P2P market is built for custom terms, allowing lenders and borrowers to post offers and agree on the asset, size, duration, collateral ratio, and rate before locking funds. Each loan in the P2P market is isolated in its own vault, ensuring that one agreement never affects another.
The loan layer of Mutuum Finance runs on two complementary markets: Peer-to-Contract (P2C) and Peer-to-Peer (P2P). After launch, Mutuum Finance plans a cost-efficient Layer-2 rollout. The platform also aims to develop an over-collateralized USD-pegged stablecoin to deepen liquidity.
Mutuum Finance's roadmap includes a buy-and-distribute program that uses protocol revenue to purchase MUTM for distribution to stakers. The team is currently focusing on finalizing the core lending engine and moving modules into public testnet.
The founders of Mutuum Finance come from backgrounds in blockchain technology and finance, combining expertise in decentralized finance (DeFi) development and financial management. For more information about Mutuum Finance, visit the website or linktree provided.
Mutuum Finance's next chapter is about shipping product. J. Weir can be contacted at [email protected] for any inquiries. The platform aims to bring the MUTM token online alongside the platform so utility is live from day one.
In summary, Mutuum Finance is poised to disrupt the crypto lending space by offering a decentralized platform that allows users to earn on idle assets or borrow against their holdings while keeping full custody. With its innovative P2C and P2P markets, Mutuum Finance caters to both hands-off lenders seeking straightforward yield and advanced users who want granular control over risk, term, and pricing.
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