DeFi Crypto Mutuum Finance (MUTM) Reports $100K Inflows in 48 Hours Following Halborn Audit Update

Mutuum Finance (MUTM) reported a $100,000 inflow in its presale funding over the past 48 hours. The update follows the completion of an independent security audit by Halborn. The audit covers the V1 lending and borrowing protocol.

The presale has now raised over $19.8 million. More than 18,800 holders have participated. The project is nearing the midpoint of its 1.82 billion token presale allocation.

Halborn's audit was confirmed via the project's official X account. The team stated that the audit covered core protocol functions. This step has added credibility to the project's development timeline.

Why Did This Happen?

The Halborn audit was completed ahead of the V1 protocol's public testing phase. The audit focuses on contract logic, interest rate mechanics, and liquidation processes. These are critical for a lending and borrowing platform.

The project has also recorded a 90 out of 100 score with CertiK. A $50,000 bug bounty was launched to address vulnerabilities. These security efforts have increased investor confidence.

How Did Markets React?

The presale is in Phase 7, with MUTM priced at $0.04. This is a 300% increase from the initial Phase 1 price of $0.01. The next phase is expected to move closer to the confirmed listing price of $0.06.

The presale has attracted both retail and institutional interest. Over 830 million tokens have been sold so far. The public dashboard tracks real-time participation and funding progress.

What Are Analysts Watching Next?

The project is preparing for a testnet launch on Sepolia. This will allow users to interact with core V1 components. These include liquidity pools, mtTokens, and a liquidation bot.

Analysts are also watching the finalization of the mainnet launch timeline. The roadmap indicates that Phase 4 will include token listing and platform deployment. This could drive liquidity and visibility on major exchanges.

Mutuum Finance has also introduced a $500 daily reward for top presale participants. This has helped maintain engagement as phases progress. The next phase is expected to move faster due to increased awareness.

The project's dual-lending model sets it apart from earlier DeFi protocols. Pooled and matched lending structures cater to different user needs. This could expand its addressable market upon full deployment.

Mutuum Finance's roadmap includes support for stablecoins and future Layer-2 expansion. This aligns with broader trends in DeFi scalability. The project's security and distribution strategies are also being closely followed by analysts.

Mutuum Finance's presale has raised over $19.8 million with 18,800 holders. The Halborn audit and testnet preparations have added credibility to the project's development. Investors are now watching for the next major deployment milestone.