Dogecoin (DOGE) is one of the oldest meme coins, and back in 2013 when it went live, it was responsible for minting many crypto millionaires. However, it has since lost steam, and DOGE investors are coming to terms with this reality as they start shifting liquidity into Mutuum Finance (MUTM). With the current low price of $0.03 per token, Mutuum Finance (MUTM) is one of the best low-entry, high upside tokens that appear once every few years in the crypto market. The Mutuum Finance (MUTM) token presale is in phase 5, with over $9.4 million raised from over 11,200 contributors. The price of the tokens is set to climb by 16.67% in phase 6. Those who wait until the next phase will miss the opportunity to make a 100% ROI when the token goes live at $0.06. Dogecoin (DOGE) investors have described a feeling of déjà vu when they came across Mutuum Finance (MUTM). According to these seasoned crypto investors, this project has all the ingredients to position itself as the next project to mint crypto millionaires, replicating DOGE’s early success. Not wanting to miss out on a second opportunity, they have been streaming into the project, biding their time until long after the public listing to cash in. One of the major drivers of this shift into the MUTM token presale is the recently released Certik audit. After receiving a pass from Certik, one of the best-known smart contract audit firms in the world, confidence in the project is through the roof. In the DeFi world, where users have to deposit funds into a protocol, passing an audit is paramount to attaining meaningful user numbers. Mutuum Finance’s (MUTM) innovative protocol The Mutuum Finance (MUYM) project stands out as one of the most innovative DeFi projects in recent years. Its protocol introduces numerous innovations that will drive up DeFi adoption, and grow the platform’s liquidity. Firstly, the protocol is built for three key players, who are lenders, borrowers, and liquidators. The lenders and borrowers on this platform can interact through two main modes, which are P2C, and P2P. In the peer-to-contract (P2C) mode, lenders deposit funds into a collective pool from where borrowers can access loans via over-collateralized collateral. In the P2C mode, lenders earn an annualized percentage yield, which is based on the utilization rate of the pool. This dynamic interest rate is meant to ensure maximum capital efficiency for all participants. Borrowers can opt for the stable or variable repayment rate when using the P2C mode. A stable borrowing rate is offered in certain market conditions for borrowers looking to make predictable repayments. However, these stable rates are subject to certain rebalancing conditions. In the P2P mode, lenders and borrowers interact directly with each other. They decide on the rate, the repayment duration, and other terms. This model is meant to give all participants flexibility, allowing them to get the most out of it. For instance, lenders can set potentially higher interest rate conditions than they would normally get via the P2C model. The third participant in this lending protocol is the liquidators. When debt collateralization falls below a given threshold, a liquidation is triggered. Liquidators purchase this debt at a discount, helping to maintain the overall ecosystem health. It also creates an opportunity to earn small but stable returns. With a planned beta launch of the platform on token listing day, all of these features and many more will be available to the public for testing. The beta launch will also provide an opportunity to familiarize future users with the features, so the mainnet can hit the ground running. How Mutuum Finance rewards its community Mutuum Finance (MUTM) has several initiatives in place to reward its early adopter community. The first one is the 100K giveaway. This giveaway is open to everyone who purchases $50 worth of MUTM tokens in the presale. Once they enter the draw, they stand to make $10K as one of the 10 lucky winners picked at random. Mutuum Finance (MUTM) also plans to share dividends with stakers on the platform. These dividends are derived from platform profits, which will be used to purchase MUTM tokens from the open market. These tokens will then be sent to stakers as a reward for maintaining the security of the protocol. The rewards also boost the price of MUTM tokens while incentivizing more stakers to sign up and receive the tokens. For more information about Mutuum Finance (MUTM), visit the links below: Website: https://www.mutuumfinance.app/ Linktree: https://linktr.ee/mutuumfinance The post Why this crypto is a better investment than Dogecoin (DOGE) appeared first on Invezz
