Mutuum Finance Approaches $20M Funding Milestone Ahead of V1 Testnet

Mutuum Finance is progressing through a pivotal stage of its roadmap as total funding nears $20 million and several core protocol components reach completion. The update highlights a period where technical development, token distribution, and community engagement are aligning ahead of the planned V1 testnet launch in Q4 2025.

Presale Funding Nears Completion With Broad Participation

Since launching its presale in early 2025, Mutuum Finance has followed a structured, phase-based distribution model. The project reports approximately $19.30 million raised so far, placing it close to the $20 million target. The number of holders has surpassed 18,400, suggesting widespread participation rather than concentrated ownership.

MUTM Token Price Rises Through Fixed Presale Phases

The MUTM token debuted at $0.01 and has advanced through multiple predefined presale phases. The current Phase 6 price stands at $0.035, reflecting a 250% increase from the initial offering. The pricing model relies on fixed allocations and set price tiers rather than market-driven fluctuations, with Phase 6 now entering its final allocation window.

Token Supply Designed for Wide Early Distribution

Mutuum Finance has established a total supply of 4 billion MUTM tokens, with 45.5%, or 1.82 billion tokens, allocated to the presale. Roughly 820 million tokens have already been sold. The phased distribution strategy is intended to create a broad base of early participants before the protocol moves into public testing.

Accessibility Boosted by Card Payment Integration

To lower barriers to entry, the project allows MUTM purchases via card payments, enabling participation without reliance on crypto exchanges or advanced on-chain tools. This approach has supported steady growth in the holder base, particularly during the later presale stages.

Core Lending and Borrowing Mechanics Finalized

Mutuum Finance confirmed that several foundational protocol components are now complete. The system is built around a dual lending framework, combining pooled lending with structured borrowing. Liquidity providers deposit assets into shared pools and receive mtTokens, which accrue value as interest is repaid. Borrowers access liquidity by posting collateral and interacting with predefined interest rate models and Loan-to-Value ratios, with liquidation logic embedded directly into smart contracts.

Technical Readiness Advances Toward V1 Launch

According to the project, completing these mechanics marks a major step toward operational readiness. Essential functions such as deposits, borrowing, interest accrual, and liquidation processes are now implemented, positioning the protocol closer to its first public test environment.

Community Engagement Maintained During Presale

To sustain activity during Phase 6, Mutuum Finance introduced engagement tools such as a 24-hour leaderboard that rewards the top daily contributor with $500 in MUTM. The leaderboard resets daily and has remained active, particularly as the current phase approaches full allocation.

Security Audits and Bug Bounty Strengthen Protocol

Security preparations continue alongside development. Mutuum Finance completed a CertiK audit, earning a 90 out of 100 Token Scan score. Halborn Security is also conducting a formal review of the finalized smart contracts. In parallel, a $50,000 bug bounty program is active to identify potential vulnerabilities before wider testing begins.

Stablecoin and Layer-2 Expansion on the Roadmap

Beyond the V1 lending system, the project plans to introduce a native stablecoin backed by interest generated within the protocol. Future roadmap stages also include expansion to Layer-2 networks to reduce transaction costs and improve performance, as well as the integration of Chainlink price feeds supported by fallback oracle sources.

Phase 6 Allocation Nears Full Capacity

With Phase 6 approaching completion, remaining token availability at the current price is limited. Each completed phase moves the token into a higher pricing tier, altering entry conditions for new participants. The combination of tightening supply and the approaching $20 million funding milestone places Mutuum Finance at a notable point as it prepares for the next stage of its rollout.