Shiba Inu (SHIB) had its moment to shine. Back in 2021, the hype reached a fever pitch. However, the price has since dipped by over 87% from the all-time high, and there is no indication it will reclaim it anytime soon.
Amid this disappointment, SHIB whales are turning to Mutuum Finance (MUTM) to drive new growth. The project is built on a solid utility that will ensure continuing growth in the price of MUTM tokens. Here is a deep dive into why SHIB holders are shifting capital into the project.
The MUTM Token Presale
Mutuum Finance (MUTM) is currently in the 5th phase of its presale, where tokens are going for $0.03. The current price of MUTM tokens is a 200% increase from the phase 1 price of $0.01. In the next phase, the token price will increase by 16.67% to $0.035.
So far, over $11.3 million has been raised in the ongoing presale from around 12,500 unique buyers. The presale has been a roaring success, driven by the massive discount in the current phase. At 50%, this generous discount has led to 50% of the tokens set aside for phase 5 of the presale selling out, less than a month after they launched.
The 50% discount presents a massive opportunity for you to make huge returns in the crypto market before the start of July. However, this window is fast closing, and you need to try to grab hold of the tokens at the earliest available opportunity.
One of the main drivers of this current pace is the ongoing $100,000 giveaway. In this giveaway, Mutuum Finance plans to give away $10,00 worth of MUTM tokens to ten lucky winners each. To participate in the giveaway, you only need to purchase a minimum of $50 worth of MUTM tokens in the current presale.
CertiK Bug Bounty Partnership
In a major achievement for the project, Mutuum Finance (MUTM) recently announced that they are partnering with CertiK on a $50,000 bug bounty program. In this program, Mutuum Finance will award security experts who deliver accurate bug reports.
The bug bounty program will be split into four tiers, which are critical, major, minor, and low. The design of the program will ensure that those who uncover the most critical vulnerabilities get the biggest rewards. It will also help foster a partnership with the global security community, ensuring the long-term safety of the ecosystem.
Before launching the bug bounty program, the Mutuum Finance (MUTM) team secured a CertiK audit, which confirmed that the project is secure for future users. They received a Token Scan Score of 95, which has helped to boost trust in the ongoing presale.
Details Of The Mutuum Finance (MUTM) Protocol
Mutuum Finance (MUTM) is a decentralized non-custodial protocol that allows lenders to deposit their assets to earn interest. Borrowers can participate in the protocol by depositing overcollateralized collateral to access the funds in the pools.
Meanwhile, liquidators help to maintain stability in the ecosystem. When a loan position becomes under-collateralized, liquidators step in and purchase the debt at a discount. The discount can be increased as needed to get liquidators to act with haste to protect the ecosystem’s solvency.
Interest rates for both lenders and borrowers on the Mutuum Finance (MUTM) protocol are based on the pool utilization rate. As borrowers take a larger portion of the funds in the liquidity pools, the interest rates rise.
The rising rates encourage borrowers to repay their loans, while it also incentivizes the lenders to deposit more liquidity to benefit from the rising yields. For instance, when the utilization rate rises, a lender could deposit $10,000 USDC to benefit from an APY of 17%. The lenders will thus be eligible to receive $1,700 on their deposit per year.
The design of the protocol provides a simplified means of earning passive income. It does require knowledge of advanced trading strategies or charting skills. This will ensure that the user base grows huge in just a few weeks after launch.
Protocol Safeguards
Mutuum Finance (MUTM) has numerous protocol safeguards in place. One of these is a strict asset screening regime. That will ensure the protocol’s liquidity is protected from exploits such as infinite asset minting, which can be used to siphon liquidity from the pools.
As part of the asset screening process, they will check the volatility and liquidity of assets. Those assets whose parameters fall outside of the safe zone will not be allowed to participate in the lending pools as collateral.
In some cases, they may be allowed, but only for borrowing assets of the same type. Additionally, the team could impose caps on certain assets to ensure that, in case of rapid market movements, the potential impact is contained.
Conclusion
Mutuum Finance (MUTM) is projected to be one of the most successful token presales of 2025. With over $11.3 million already raised, and a massive 50% discount currently available in the current phase, this is the perfect opportunity to sign up and buy your MUTM tokens.
For more information about Mutuum Finance (MUTM), visit the links below:
Website: https://www.mutuum.com/
Linktree: https://linktr.ee/mutuumfinance
