Ethereum (ETH) Price Falls Under $4500 After August ATHs, While Investors Accumulate This $0.035 DeFi Altcoin

Ether (ETH) dropped to below the 4,500 threshold after its all-time highs in August and the market could be experiencing a reversal of its sentiment as big cryptocurrencies fall under fresh selling pressure. However, as blue-chip assets decelerate, an influx of interest is shifting towards Mutuum Finance (MUTM), a new DeFi protocol that is currently priced below $1. Mutuum Finance is still in Phase 6 of its presale and the price of a token is fixed at $0.035. Phase 7 will raise the price by 14.29% to $0.04. To date, the project has raised over $15.31 million and gained over 16,000 investors. Raising capital steadily, this new entrant is attracting investors who want to get a first look at new decentralized finance products.

Ether Price Analysis: Cooled off after August

Ether (ETH) has dropped under $4500 to around $4311 after a run of good performance throughout August. In spite of positive signs, bullish setups and possible moves to $5,000 and above, ETH remains in a period of consolidation. In the meantime, investors are starting to pay growing attention not only to the leading cryptos but also to new DeFi projects, like Mutuum Finance.

Official Bug Bounty Program

Together with CertiK, Mutuum Finance is offering a reward amounting to $50,000 to white hackers who may find bugs in the project’s code base. The program includes the four levels of severity including critical, major, minor, and low which are fully covered and improve user and investor security and protection.

Liquidity Models and Interest Models

The balance of liquidity is achieved by employing dynamic interest rate model as set by the utilization of the platform. When sentiment is good, low rates will increase borrowing and when supply is low, an increase in rates will increase repayments and deposits. To be certain of a fixed cost of repayment, borrowers are permitted to use fixed rates when starting the loan; the rates are generally high relative to the varying rates and may be adjusted when a significant change occurs in the market. Only very liquid assets can be borrowed at stable rates.

One of the biggest draws of this new DeFi project is a $100,000 giveaway  where up to ten individuals will get to walk away with $10,000.

The future trend is Decentralized Lending

Mutuum Finance is a lending system that is non-custodial and allows users to retain full control over their assets and earn passive income. Availability of money to borrowers and customization of rates to ecosystems increase the efficiency and sustainability of the ecosystems in the system to secure the automatic acquisition of diversified assets.

Bending, Dual-Lending Structure

The project has a dual-lending that is a hybrid between the Peer-to-Contract (P2C) and Peer-to-Peer (P2P) model. With P2C dynamically looking at the market situation to make interest payments, one may borrow at a reasonable rate and guarantee interest to investors through smart contracts. P2P offers direct lending and borrowing without intermediaries and is extremely decentralized, which is particularly advantageous to risky assets such as meme coins.

Mutuum Finance (MUTM) is attracting heavy investor attention. If you invest today, you catch MUTM at $0.035 per token, but delaying could mean buying higher at $0.04. This project has already raised more than $15.31M and has 16,000+ investors which also indicates an increase in momentum. Supported by a CertiK bug bounty of $50K and a larger giveaway of up to $100K, and a dual-lending model, Mutuum Finance is secure, scalable, and early-entry ready. 

For more information about Mutuum Finance (MUTM) visit the links below:

Website: https://mutuum.com/

Linktree: https://linktr.ee/mutuumfinance