With Ethereum (ETH) stabilized around the $4,300 mark, interest of the market is shifting to a new DeFi giant, Mutuum Finance (MUTM). Mutuum Finance has already sold 6 rounds during its presale and is now is at $0.035. Individuals who are able to hedge their coins at this point will be earning over 500% when the token becomes listed in exchanges. So far, the presale has succeeded in drawing in 16100 participants and raising over $15.45 million worth of capital. Whereas Ethereum is standing firm in a turbulent market, Mutuum Finance (MUTM) is coming out as a potential disrupter in the decentralized finance market.
Ethereum (ETH) Holds at $4.300 As Market Changes
Ethereum (ETH) is at the moment priced at $4,308.85, and it has gone as low as $4,269.20 and as high as $4,430.67 over the last 24h. The cryptocurrency has remained stable around the $4,300 mark regardless of the overall uncertainty in the market due to the steady trading volumes and the continued institutional investment. Analysts report that this support zone will preserve the trend ETH is experiencing today, and a breakout over the $4,500 mark remains a crucial mark to monitor in the event of a positive trend. Meanwhile, new decentralized finance projects, including Mutuum Finance, are also starting to attract more investors.
Mutuum Finance Bug Bounty Program of $50,000
Mutuum Finance (MUTM) has developed a Bug Bounty Program along with CertiK, which gives white-hat hackers, developers, and security researchers a chance to find bugs. These reward scales are promoted by the level of vulnerability that has been identified and the reward is further divided into small and big security concerns and the total reward is $50,000 USDT. This initiative will help to prove the security of the platform, protect user money and investor trust in the Mutuum Finance system.
Mutuum Finance is also hosting a $100,000 giveaway as part of its rewarding its early adopters, grow its user base, and in addition to Bug Bounty. The ten participants will be rewarded with tokens worth $10,000 MUTM each as the project is investing in building a long-term, and loyal community.
What Mutuum Finance does with Market Risk, Volatility and Liquidity
Mutuum Finance uses both caps and liquidation parameters to actively modify exposure and reward liquidators in times of low liquidity to stabilize the ecosystem. Asset volatility is an absolute indicator of Loan-to-Value (LTV) and liquidation: more volatile assets will be less conservative and less volatile assets will be more conservative. The risk rating also determines reserve factors in order to provide a protocol as safe as possible and as viable as possible as wide as possible.
Community Oriented Development and Security
Mutuum Finance is trying to make sure that it is not just creating a secure and scalable DeFi platform; it is also trying to create an ecosystem where users, token owners and investors can gain through its security efforts and community programs.
Mutuum Finance (MUTM) is rapidly gaining momentum with Ethereum (ETH) at approximately $4,300. Stage 6 tokens cost $0.035 and early investors are looking to make 500 percent or more after listing. There are 16,100 participants and the presale has already raised more than $15.45M, indicating high demand. Supported by a $50K CertiK bug bounty, $100K community giveaway, and strong risk controls, MUTM is developing all the markings of an excellent DeFi opportunity. Get your tokens before the next step raises the price.
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/the-crypto-smart-investors-are-buying-as-ethereum-eth-holds-4300-level/
