Exchange-traded funds (ETFs) that track major crypto coins such as Bitcoin (BTC), Ethereum (ETH), and XRP have seen slow performance recently, with limited inflows. Analysts attribute this trend to the broader stock market crash, which dragged BTC below $70,000, ETH below $2,000, and XRP below $2. While these top cryptos falter,
Mutuum Finance (MUTM) has established itself as an interesting alternative, arousing strong interest during its pre-sale. Priced at $0.04, MUTM offers a decentralized finance framework focused on dual lending. The presale of the token has seen over 19,000 investors invest over $20,600,000 so far.
Crypto ETFs See Net Outflows Amid Institutional Rotation
US-listed crypto ETFs tracking Bitcoin, Ethereum and XRP saw large net outflows on February 18. Bitcoin spot ETFs lost $133.3 million, led by BlackRock’s IBIT and Fidelity’s FBTC, while Ethereum-focused products saw $41.8 million in outflows. XRP ETFs also fell, posting $2.2 million in daily net withdrawals. Despite these declines, Solana ETFs bucked the trend with $2.4 million in inflows.
These outflows reflect continued macroeconomic uncertainty, fueled by a strong U.S. dollar and fading expectations of falling short-term rates. Over the past 30 days, the prices of Bitcoin, XRP, and Ethereum have all declined, with Ethereum seeing the largest decline, falling 34% over the period. The asset is now consolidating between $1,900 and $2,100, with no major price catalyst in sight. As momentum fades in major crypto coins, a new entrant is gaining ground.
Mutuum Finance Pre-Sale Shows Continued Investor Interest
The newcomer in question is Mutuum Finance (MUTM), a new pre-sale DeFi crypto. MUTM saw its price increase from $0.01 when the presale began to $0.04 today in Phase 7. Over 19,050 investors contributed over $20.60 million, and those who joined first in Phase 1 saw a 4x increase. Buying the token today means getting a discount on the projected price of $0.06, which could translate into a return on investment higher at launch.
Security measures for users and protocol
Security remains a priority for Mutuum Finance. The platform uses multiple layers of protection. The MUTM token completed a CertiK token scan, scoring 90/100, while Halborn Security conducted an independent audit of the protocol’s lending and borrowing smart contracts.
Additionally, Mutuum Finance has launched a bug bounty program with CertiK, offering a $50,000 reward pool. The bug bounty invites independent developers, ethical hackers, and security researchers to identify and report vulnerabilities in MUTM’s code for a reward.
Flexible lending and staking incentives
Mutuum Finance will support borrowing of its oversized stablecoin, with interest rates set in smart contracts. These rates adjust based on market conditions while preserving the anchor of the stablecoin. Participants who participate in the project or engage in the ecosystem can benefit from reduced interest rates. For example, a borrower could see their rate reduced from 6% to 3% by staking MUTM. In this way, the protocol ties participation to tangible benefits while supporting the stablecoin.
As Bitcoin, Ethereum, and XRP ETFs struggle with net outflows, Mutuum Finance (MUTM) is gaining momentum in its presale. Mutuum Finance offers a DeFi lending platform secured by a Halborn Security audit, a rapidly growing presale, and stablecoin borrowing incentives for the protocol’s loyal backers. While capital comes from major cryptocurrencies, MUTM positions itself as an alternative for investors seeking early exposure with strong growth potential.
For more information on Mutuum Finance (MUTM), visit the links below:
Website: https://mutuum.com/
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