A New Way to Lend and Borrow Crypto

Mutuum Finance is a new project in the world of decentralized finance (DeFi). It is building a system where people can lend and borrow crypto. The project is getting ready to launch its first version, called V1. This system will have two types of markets: a pooled market and a direct market. In the pooled market, users put their crypto into a big pool. They get special tokens called mtTokens in return. These tokens earn interest based on how much people are borrowing. For example, if someone puts in 1, 000 USDC, they get mtUSDC. If more people borrow, the interest goes up, and the mtUSDC holders earn more. The direct market is different. Here, lenders and borrowers connect directly. Borrowers put up collateral to secure their loans. If the value of the collateral drops too low, the system automatically sells it to pay back the loan. This helps keep the system safe.Mutuum Finance also plans to use some of its profits to buy back its own tokens. These tokens will then be given to users who stake their mtTokens. This is a way to reward users and connect the token's value to the protocol's success. The project has also done security checks. It has been audited by a well-known firm and has a bug bounty program to find and fix any issues. This is important because lending platforms need to be secure to handle collateral and loans properly. Mutuum Finance is currently selling its tokens in a presale. It has already raised over $19. 7 million from more than 18, 800 investors. The first version of the protocol will be tested on the Ethereum Sepolia testnet before it goes live on the mainnet. The project is focusing on building useful DeFi tools rather than just creating a speculative token. However, its success will depend on how many people use it once it launches.