Mutuum Finance (MUTM), a decentralized lending protocol, is approaching the end of its sixth presale phase with strong investor interest. The phase is 98% sold out at a token price of $0.035, having generated approximately $19.45 million across all phases to date from over 18,600 holders. The next phase will see a 15% price increase to $0.040.
The project is building a dual-model lending platform featuring Peer-to-Contract (P2C) and Peer-to-Peer (P2P) systems. The P2C model will allow users to deposit stablecoins like USDT into automated liquidity pools to earn yield, while the P2P model will facilitate direct, customizable lending agreements between users.
In a key development milestone, Mutuum Finance has announced the upcoming launch of its Version 1 protocol on the Sepolia Testnet in Q4 2025. This initial version will include core components such as liquidity pools, mtTokens, debt tokens, and a liquidator bot, with ETH and USDT as the first supported assets for lending, borrowing, and collateral.
Security firm Halborn Security is conducting an independent audit of the project's smart contracts, testing for vulnerabilities and logic flaws to strengthen trust ahead of the mainnet launch. The protocol's design emphasizes overcollateralization for all loans, with dynamic Loan-to-Value ratios and liquidation thresholds based on asset volatility.
Looking ahead, the roadmap includes plans for an overcollateralized stablecoin system and a token buyback mechanism. Part of the protocol's revenue from fees will be used to buy back MUTM tokens from the open market, which will then be distributed to users staking mtTokens.
