Cardano Faces 15% Decline as Mutuum Finance Raises $11.4 Million
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币界网报道：Cardano (ADA) dropped 15% amid broader market downturn, trading at $0.38 with $13.5B market cap. Meanwhile, UK-based Mutuum Finance secured $11.4M in seed funding led by Outlier Ventures to develop its peer-to-peer lending protocol on Ethereum, Polygon, and Avalanche. The platform aims to offer lower rates than traditional banks using blockchain-based credit scoring. Mutuum plans to launch its testnet in Q1 2024, with mainnet expected mid-year. The funding will support protocol development and team expansion as the project competes in the decentralized lending space.
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