Mutuum Finance presale surges past $2.4 million as token price climbs

Mutuum Finance (MUTM) has garnered significant attention from major investors as its presale funding surpasses $2.4 million. The project has completed 75% of Phase 2, with larger investors recognizing the potential for substantial returns. As tokens sell out quickly, early participants are securing their holdings at the current price before it rises in the upcoming stages.

Mutuum Finance’s presale is structured across 11 phases, with Phase 2 nearing completion. Over 4,500 holders have already joined, attracted by the project’s growth potential and the opportunity to acquire tokens at a lower price before higher price tiers come into effect. Institutional-scale investors, often referred to as whales, are particularly drawn to MUTM due to its genuine utility and robust financial model, which drives ongoing demand for the token.

Mutuum Finance’s lending mechanism enables users to earn passive income through decentralized borrowing and lending. The token price incrementally climbs with each phase, fostering interest among those seeking to secure their holdings ahead of more expensive future rounds. The project’s buy-and-distribute protocol allocates a portion of platform proceeds to purchasing MUTM from the open market, which then goes to mtToken stakers, generating continuous buy pressure and benefiting long-term participants.

The mtToken system represents user deposits within Mutuum’s liquidity pools. If a lender supplies ETH, they get mtETH; if they deposit DAI, they receive mtDAI. These tokens track both the initial deposit and the yield earned, providing a transparent, adaptable way to engage with the platform while retaining control of one’s assets. Mutuum Finance’s lending model is broken down into two segments: Peer-to-Contract (P2C) and Peer-to-Peer (P2P). Under P2C, participants deposit crypto into liquidity pools, earning returns as borrowers utilize these assets based on an interest rate aligned with supply and demand. With P2P, users directly agree on loan terms, covering assets often excluded from standard lending pools, such as meme tokens like Shiba Inu (SHIB) or Dogecoin (DOGE).

Another essential element is the protocol’s overcollateralized stablecoin, enabling token holders to borrow funds without turning to centralized reserves. Every stablecoin minted is fully covered by on-chain collateral, making it reliable and stable for use in De