Mutuum Finance Raises $12 Million in Presale, Outpacing Dogecoin

Dogecoin (DOGE) has been trading around $0.1683, showing slight fluctuations but maintaining a steady position. Despite its popularity, the cryptocurrency remains far from reaching the $1 milestone, leading to questions about whether its meme-fueled momentum can sustain long-term value. Meanwhile, a new player in the decentralized finance (DeFi) market, Mutuum Finance (MUTM), is gaining traction. Priced at $0.03, MUTM is positioning itself through functional utility in real-world decentralized lending, rather than relying on hype.

Mutuum Finance has already sold over 65% of its presale stage 5 at $0.03, attracting more than 13,000 investors and raising over $12 million. The project is designed to offer a fully collateralized stablecoin backed by USD on the Ethereum blockchain, ensuring value stability even during market fluctuations. This contrasts with the highly risk-leveraged algorithmic stablecoins prevalent in the market. Additionally, Mutuum Finance has launched a Bug Bounty Program with CertiK, offering a $50,000 USDT reward to identify and address vulnerabilities in the system.

To incentivize early supporters, Mutuum Finance is offering a $100,000 giveaway, with ten winners each receiving $10,000 worth of MUTM tokens. This initiative aims to reward early adopters and foster community growth. The project's dual-lending model caters to both passive and active DeFi users. Passive income can be earned through the Peer-to-Contract (P2C) lending protocol, where users lend their USDT via smart contract pools. The Peer-to-Peer (P2P) model allows borrowers and lenders to negotiate terms directly, without the need for a third party, making it more suitable for less secure assets.

While Dogecoin continues to be a popular meme coin, Mutuum Finance is making significant strides with its real-world DeFi utility. Backed by a CertiK audit and a $50,000 bug bounty, MUTM's USD-backed stablecoin and dual-lending model position it as a strong contender in the DeFi space. With over $12 million raised and 13,000+ investors, MUTM is poised to outperform Dogecoin in reaching the $1 mark. The presale for MUTM is ongoing, and investors are encouraged to join before the next price jump.