Mutuum Finance: A Closer Look at Its Rapid Rise

Funding and Token Distribution

Mutuum Finance (MUTM), an Ethereum-based DeFi project, has secured $19.4 million in funding, with Phase 6 of its token distribution nearly fully allocated. The project is generating significant interest as it prepares for its V1 launch.

• Token Presale Growth:
• Initial Price: $0.01 (Phase 1)
• Current Price: $0.035 (Phase 6)
• Increase: 250% from initial price
• Phase 6 Allocation: Over 99% allocated, with 820 million MUTM tokens sold
• Next Phase: Expected 20% price increase
• Official Launch Price: $0.06 (Potential 500% growth for Phase 1 participants)

Participant Engagement and Tokenomics

• Holders: Over 18,600
• Total Supply: 4 billion MUTM tokens
• Presale Allocation: 45.5% of total supply
• Distributed So Far: Over half of the presale allocation

Protocol Overview

Mutuum Finance is building a decentralized lending and borrowing protocol on Ethereum. Key features include:

• Supply Assets: Users can earn yield by supplying assets.
• Borrowing: Users can access liquidity using collateral instead of selling holdings.
• mtTokens: Represent supplied assets, increasing in value as interest accrues.
• Interest Rates: Based on utilization rates, adjusting with supply and demand.

Revenue Redistribution

• Staking Rewards: Protocol revenue is redistributed to users who stake mtTokens in the safety module.
• Alignment: Links platform activity to token demand and rewards, encouraging long-term participation.

Upcoming Launch and Development

• V1 Protocol Launch: Planned for Q4 2025 on the Sepolia testnet.
• Core Components:
• Liquidity pools
• mtTokens
• Debt tokens
• Automated liquidator bot
• Supported Assets: ETH and USDT for lending, borrowing, and collateral.
• Development Status: V1 will be a beta phase, not a full mainnet launch.

Security Measures

• CertiK Token Scan: MUTM holds a 90/100 score.
• Independent Audit: Conducted by Halborn Security.
• Bug Bounty: $50k reward for identifying vulnerabilities.

Community Engagement

• 24-Hour Leaderboard: Rewards top daily contributor with $500 in MUTM.
• Payment Expansion: Card payments now available for participants.

Next Steps

With Phase 6 nearing full allocation, attention is shifting to the next phase and the V1 testnet launch later this year. Mutuum Finance is positioned in a critical phase between early development and active testing.