Mutuum Finance Defies Market Volatility with Innovative Protocol

Mutuum Finance (MUTM) is making waves in the cryptocurrency market with its innovative non-custodial protocol. Unlike many other new altcoins, MUTM offers real on-chain utility that doesn't rely on hype. This has helped it defy the market's current volatility.

The project has been successful in raising over $20.6 million in funding from a global base of more than 19,000 individual holders. The total supply of MUTM is fixed at 4 billion tokens, with exactly 45.5% set aside for the community through the presale. This has resulted in a shrinking supply of tokens, which is expected to increase demand.

The V1 protocol, which is currently live on the Sepolia testnet, offers a working example of MUTM's lending engine. The protocol allows users to interact with mtTokens, which are minted when assets are supplied to track yield in real-time. Debt Tokens are also issued when borrowing, providing a transparent and permanent record of what is owed.