XRP price remains flat and to that effect, Mutuum Finance (MUTM) takes center-stage as big whales move the tides with the dynamics in the crypto market. Mutuum Finance is currently in the 6th presale with the token selling at $0.035. In Stage 7 the price will rise by 14.29% to $0.04. It has more than 16100 investors and the demand is very high which has see more than $15.45 million flow into the platform. As traders are paying close attention to the sideways movement of XRP, the sudden increase of institutional and whale interest in Mutuum Finance is a signifier that might lead to the renewal of the investor mood.
XRP Is Battling itself due to the pessimistic September Projection
XRP is up at $2.81, and has been trading between $2.78 and $2.86. Analysts assert that the cryptocurrency could be down to $2.75 to $2.80 before this month ends and $3.00 to $3.10 if more buyers swoop in. Any break above such resistance would maybe a break into the $3.40 area and failure to hold the support could in the short term result in a drawdown. Broader crypto trends and additional innovation in decentralized finance are altering the conduct of markets, and initiatives like Mutuum Finance are becoming more popular.
Phase 6 Presale Mutuum Finance Phase 6 Presale
Mutuum Finance is live with stage 6 of presale costing $0.035. It has done so much and the uptake of investments has so far been tremendous bringing the total to $15.45M.
USD Stablecoin on Ethereum
Mutuum Finance will issue an overcollateralized USD-pegged Ethereum-based stablecoin that can be leveraged in straightforward decentralized transactions, and be held long-term.
Multi-purpose, Dual-lending DeFi infrastructure
Peer-to-Contract lending is entirely based on smart contract technology. P2P lending offers freedom, control, and transparency to the dealings of the lenders and the borrowers individually. This two-way solution will make Mutuum Finance a secure, scalable system that will allow financial inclusion, tremendous returns and the entry of retail and institutional investors.
Mutuum Finance Protocol Overview
The protocol uses dynamic interest rates and attempts to regulate the liquidity. The interest rate charged on the borrowing will be relative to the use: high rates will encourage borrowing when the quantity of capital available is high and when the quantity of capital available is low will encourage loan repayment and deposit. Among borrowers, stable rates are easily predictable, are usually higher than variable rates, and are only applicable to liquid assets.
Risk parameters, Asset parameters
These strong based risk controls will induce under-collateralized positions to normalize and induce borrowers to over-collateralize. The secondary markets include risky collateralization of tokens, limits on deposits of illiquid assets or volatile assets. The protocol is liquid and hedged against Loan-to-Value ratios, liquidity limits, penalties and reserve factors.
Whale interest is favoring new DeFi player Mutuum Finance (MUTM). Meanwhile, Ripple (XRP) shows cracks in its momentum. Stage 6 tokens cost $0.35 and Stage 7 will increase to 14.29% to compensate early movers with a huge premium. Uptake by investors has been impressive, which has seen the project attain more than $15 million quickly. Mutuum Finance is building a safe and scalable USD pegged stable coin, dual-lending, P2C and P2P and very efficient risk management DeFi service. Now you can buy in stage 6 and receive a discounted price ahead of the next stage.
For more information about Mutuum Finance (MUTM) visit the links below:
Website: https://mutuum.com/
Linktree: https://linktr.ee/mutuumfinance
Source: https://www.cryptopolitan.com/xrp-stalls-as-mutuum-finance-mutm-gains-whale-interest-this-september/
