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As platform activities continue to expand, the testnet liquidity of the new decentralized finance cryptocurrency mutual aid fund has approached $300 million.
Based on Ethereum, the new DeFi lending platform Mutuum Finance announced that its testnet liquidity has exceeded $290 million. On the eve of mainnet launch, platform activity continues to increase. The protocol’s V1 version runs on the Sepolia testnet, allowing users to test core functions such as asset provision and collateralized lending. Users providing assets will receive mtTokens, which typically earn passive yields of 3% to 14%. Staking these mtTokens can earn additional rewards in the project’s native token MUTM, which is currently in pre-sale at $0.04, below its planned issuance price of $0.06. The project has raised nearly $21 million, with over 855 million of the 1.82 billion pre-sale tokens sold.