New Cryptocurrency Mutuum Finance (MUTM) Raises $15.8M as Phase 6 Reaches 40%

Core Insights - Mutuum Finance (MUTM) has quickly gained traction in the decentralized finance (DeFi) space, raising over $15.8 million and attracting more than 16,300 holders in a short period [1] - The platform aims to provide a decentralized lending and borrowing solution, allowing users to earn yield on idle crypto or unlock liquidity without losing custody of their assets [2] Company Overview - Mutuum Finance is building a fully decentralized lending-and-borrowing platform, initially launching on Ethereum with plans for expansion to other blockchain networks [2] - The primary asset of the platform is the MUTM token, an ERC-20 token with a fixed supply of 4 billion, with up to 45% available in a multi-phase presale at tiered prices [3] Market Dynamics - The platform features two market designs: Peer-to-Contract (P2C) and Peer-to-Peer (P2P), catering to different user needs [5] - In the P2C model, assets are pooled in a shared smart contract, allowing for near-instant execution and dynamic rate adjustments based on utilization [6] - The P2P model allows for custom loan agreements, where lenders and borrowers negotiate terms, ensuring that each loan is isolated in its own vault [7] Investment Opportunity - The current price of MUTM in Phase 6 is $0.035, with early backers from Phase 1 having seen gains of approximately 250% [4] - The planned listing price for MUTM is set at $0.06, indicating potential for further price appreciation [4]