The US SEC has delayed its decision on whether to allow a spot Ethereum (ETH) ETF by Franklin Templeton, one of the leading asset managers in the world. A major reason for this delay is that the ETF application includes staking features.

The decision comes amid scrutiny of Ethereum and the overall crypto market. An approval of a spot ETF with staking features could trigger a new wave of growth in the crypto market. Investors are seeking out options to position themselves perfectly for this new wave of growth.

So far, one of the projects that has been identified by investors is Mutuum Finance (MUTM). The project is based on utility, which the crypto market is hungry for right now, after the recent disappointment from meme coins. With the expansive utility offered by the Mutuum Finance (MUTM) platform, analysts forecast that it could rise over 2000%.

SEC delays decisions on several spot ETF Filings

The SEC has delayed a ruling on the Franklin Templeton spot ETF filing, in line with a similar decision for ETF applications with staking features. According to the SEC, it needs more to evaluate how staking fits within existing federal laws on securities and the Investment Company Act. There is also a possibility of further extensions before it can make its ruling.

Despite the delay, whale activity has continued to grow on Ethereum, with wallets holding between 1000 and 10,000 ETH recording net inflows valued at around $2.5 billion. This signals high optimism for the future of the crypto market. Past analysis shows that such inflows often precede massive upside in the crypto market.

A deep dive into Mutuum Finance (MUTM)

Mutuum Finance (MUTM) has been receiving massive investor attention due to its potential for massive gains. The project is designed as a decentralized non-custodial protocol that allows users to participate as lenders, borrowers, or liquidators.

As lenders, users provide liquidity in the pools in exchange for interest payments. The interest rate that they earn in the pools is based on the pool utilization rate. As the amount of assets borrowed in a pool, relative to the total assets in the pool, rises, the interest rate increases.

That prompts more lenders to deposit liquidity in a pool to benefit from the higher yields. Meanwhile, it causes more borrowers to repay their loans to avoid the higher rates. Over time, that lowers the interest rate. This positive feedback loop ensures that the protocol’s liquidity grows over time, bolstering its stability. At the same time, it ensures that there is optimal capital efficiency in the protocol.

Price discover on the protocol

To protect liquidity on the protocol, Mutuum Finance has in place several measures. One of them is fair price discovery using oracles. The team plans to integrate the Chainlink price data feeds, which are widely used in the DeFi industry.

The Chainlink price oracles can return pricing in USD and various native assets like MATC, ETH, and AVAX. As a result, it ensures flexible integration across various blockchains. Since timing and precision are key to fair overcollateralization, Mutuum Finance plans to implement backup data feeds. That will ensure users always have access to accurate pricing at all times.

They will also implement aggregate feeds, which will combine multiple Oracle services, reducing the dependency on a single data point, helping to mitigate any vulnerability. Another source of price data will be on-chain metrics when there is sufficient liquidity. For instance, they will utilize time-weighted price averages. The on-chain data will serve as a useful reference point for evaluating pricing.

The MUTM token presale

Mutuum Finance (MUTM) has raised over $10.8 million in the ongoing presale so far. Around 12,250 unique buyers have secured the MUTM tokens in the presale, which is in phase 5. In the current phase of the presale, tokens are going for $0.03, a 20% increase from the phase 1 price of $0.01.

The token price is set to increase by 16.67% in the upcoming phase 6 of the presale to $0.035. So far, 40% of the tokens set aside for phase 5 have been sold, barely two weeks after they were launched. That shows a high level of interest in MUTM tokens.

One of the main drivers of this high interest is the planned beta version launch. The Mutuum Finance team plans to launch a beta version of the platform on the token listing day. This will provide an opportunity for everyone to discover and test the capabilities that it has to offer. The launch is expected to create a massive media hype, pushing the tokens way above the planned listing price of $0.06.

Mutuum Finance (MUTM) is an exciting crypto project that has the potential to transform the DeFi world. With a low price of $0.03, it is a massive bargain, especially because analysts forecast it could rise over 2000% when it goes live. Do not let this opportunity for an easy win in the crypto market pass you by. 

For more information about Mutuum Finance (MUTM), visit the links below:

Website: https://www.mutuum.com/ 

Linktree: https://linktr.ee/mutuumfinance

DISCLAIMER – “Views Expressed Disclaimer: This article is not financial advice. Cryptocurrencies are volatile and unpredictable. Due diligence and caution are paramount. Views and opinions expressed are those of the authors and do not reflect the official position of any other author, agency, organization, employer or company, including NEO CYMED PUBLISHING LIMITED, which is the publishing company performing under the name Cyprus-Mail…more