Mutuum Finance (MUTM), an Ethereum-based decentralized lending protocol, is generating significant interest as its ongoing presale approaches full allocation ahead of its planned V1 launch. The project has raised $19.4 million and attracted over 18,500 token holders since early 2025, with more than 820 million MUTM tokens sold from the presale allocation of 1.82 billion tokens (45.5% of the total 4 billion token supply).
The MUTM token is currently priced at $0.035 in Phase 6 of its presale, representing a 250% increase from its initial sale price of $0.01. With Phase 6 allocation exceeding 99% completion, the next phase is expected to increase the token price by approximately 15-20%, moving closer to the projected launch price of $0.06. Early Phase 1 participants stand to realize a 500% appreciation from their entry price at launch.
The protocol's core innovation lies in its dual-market structure: a peer-to-contract market where users deposit assets into liquidity pools and receive yield-accruing mtTokens, and a peer-to-peer lending market facilitating direct loans between users with loan-to-value limits and liquidation mechanisms to manage risk. The protocol's tokenomics are designed to create sustainable demand, with a "buy-and-distribute" mechanism where MUTM purchased with protocol fees is redistributed to users staking in the safety module, linking token demand directly to lending volume.
Development milestones are approaching rapidly, with the Mutuum Finance team announcing plans to deploy the initial version of their lending and borrowing protocol on the Sepolia testnet in Q4 2025. This V1 release will include liquidity pools, mtTokens, debt tokens, and an automated liquidator bot, initially supporting ETH and USDT.
Security preparations are underway to ensure protocol integrity. Mutuum Finance has completed a CertiK Token Scan with a 90/100 rating and is undergoing an independent smart contract audit by Halborn Security, focusing on borrowing logic and liquidation mechanics. Additionally, the project has established a $50,000 bug bounty program to incentivize vulnerability discovery.
Some crypto analysts are drawing comparisons between MUTM's current position and early-stage Solana, not based on technological similarity but rather timing within the development lifecycle. They highlight the project's transition from planning to live testing, organized demand structure, and utility-focused token model as factors that could drive significant price appreciation. Certain forecasts suggest potential for 4x to 6x growth from current levels if borrowing activity scales successfully post-launch.
