President Trump recently released a 90-second video at the Coinbase Summit, during which he reiterated his administration’s commitment to end the war on crypto. He also discussed his crypto working group, designed to help guide policy on the crypto sector.
Trump also mentioned legislation in Congress, where they are working with governors to pass the GENIUS Act that will support the creation of dollar-backed stablecoins. Additionally, he said they would seek to create simple market frameworks, allowing the US to dominate Bitcoin (BTC) and crypto.
The appearance at the conference is the second time Trump has addressed the crypto sector since he took office. In March, he addressed a crypto summit in New York and attended the Bitcoin 2024 conference in Nashville in person during the campaign.
His addresses mark the first time a sitting US president has addressed the crypto sector, marking a major shift in policy at the federal level. As a result, with clear crypto market rules set to be adopted, it could take crypto to new heights.
Amid this expected wave of capital that will flood the crypto sector, investors are looking for ways to grow their holdings to new heights. One of the most popular options being considered is presales. However, unlike past years, this time the focus is on utility, and not meme coins.
A project that is popping up constantly in discussions is Mutuum Finance (MUTM), which is built to take decentralized finance (DeFi) to the next level. So far, analysts are quite upbeat about the project, forecasting massive gains when the MUTM tokens go live.
A Deep Dive Into Mutuum Finance (MUTM)
Mutuum Finance (MUTM) is a project built for utility in the DeFi sector. It is designed as a decentralized non-custodial lending protocol where users can participate as lenders, borrowers, or liquidators.
When they join as lenders, they deposit the funds and begin to earn interest. The interest rate that they earn is based on the pool utilization rate. This rate is determined by measuring the assets in a communal pool being actively borrowed versus the total amount in that pool.
Borrowers in the pools can choose between stable and variable rates. The stable rate is reserved for highly liquid tokens that have low volatility. When a borrower is granted a stable rate, it typically begins at a higher rate than the variable rate based on a time-weighted average. That accounts for the initial advantage that they get, and any changes in the future.
If the variable rate gets much higher than the stable rate, it can be rebalanced to maintain fairness in the ecosystem and to protect protocol liquidity.
Lenders get access to mtTokens when they deposit assets in a pool. For instance, if they deposit $1,400 worth of ADA in a pool, they receive mtADA tokens in return on a 1:1 ratio. These tokens are based on the ERC20 token standard and represent the value of the deposit, plus any accrued interest.
The mtTokens make it easy for the holders to track the value of their assets in the pools on-chain. Additionally, it simplifies the process as users do not have to actively claim or compound their earnings in the pools over time.
Details Of The Mutuum Finance (MUTM) Presale
The Mutuum Finance (MUTM) presale is currently in phase 5, and over $10.7 million worth of tokens have been sold so far. Tokens in the current phase are going for a 200% discount compared to the phase 1 price of $0.01. Despite this massive increase, over 38% of the tokens set aside for phase 5 have been sold, barely two weeks after they launched.
The presale has seen passive participation numbers from investors seeking to benefit from the upcoming changes in crypto regulation. So far, around 12,100 unique buyers have secured their tokens.
One of the main drivers of this growth is recent updates in the analysts’ forecasts. They now predict that MUTM tokens could rise by 2,550% once the tokens go live. Based on these forecasts, a $2,400 investment in the presale right now could grow into $61,200 when the tokens launch.
One of the reasons why analysts are so optimistic about the presale is the planned beta version launch of the platform when it goes live. The beta version launch will occur on the token listing day, when the tokens are released for $0.06 each.
That is expected to lead to a massive surge in the price of the tokens. However, if you wait until the token listing price, the return you could get will be half of what those who buy in the current phase can get.
Bottom Line
Mutuum Finance (MUTM) is an exciting project in the presale phase that could deliver massive returns once it goes live. With an expected return of over 20x, it represents an opportunity to make up for any losses you may have suffered elsewhere in the crypto sector. This is a once-in-a-lifetime opportunity that you should not miss.
For more information about Mutuum Finance (MUTM), visit the links below:
Website: https://www.mutuum.com/
Linktree: https://linktr.ee/mutuumfinance
Source: https://www.cryptopolitan.com/trump-talks-crypto-at-coinbase-summit-heres-why-mutuum-finance-mutm-keeps-popping-up-in-defi-circles/