The presale for Mutuum Finance (MUTM) is on the verge of a complete Phase 6 sellout, with the token price skyrocketing 250% from $0.01 in Phase 1 to $0.035. Investors are scrambling to secure remaining tokens before the price increases in the next phase, driven by soaring demand and limited availability.
Mutuum Finance is building a decentralized lending and borrowing protocol designed for user-friendly DeFi access. The system features a Peer to Contract model where depositors receive mtTokens that appreciate based on borrower interest, ensuring a constant APY from actual utilization rather than inflation. Borrowing rates adjust dynamically with pool liquidity, and a liquidation mechanism protects lenders by allowing collateral seizure at discounts in case of under-collateralization.
The presale has raised nearly $19 million, attracted over 18,200 holders, and sold approximately 805 million tokens. Out of a total supply of 4 billion, 1.82 billion tokens are reserved for the presale, with Phase 6 minutes away from full allocation. A 24-hour leaderboard offers a $500 MUTM reward to top participants, adding to the frenzy.
Development milestones include the V1 release scheduled for the Sepolia Testnet in Q4 2025, supporting assets like ETH and USDT, and featuring liquidity pools, mtTokens, a debt token system, and a liquidation bot. The code is under review by Halborn Security, and the project has undergone a CertiK audit, scoring 90/100 in Token Scan, complemented by a $50,000 bug bounty program to bolster security.
Investor trust is reinforced by the project's progress ahead of token listing, with comparisons drawn to early growth patterns of altcoins like SOL and XRP. The combination of real yield potential, imminent testnet deployment, and robust security measures positions Mutuum Finance as a standout in the emerging DeFi landscape.
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