Ethereum News Today: Mutuum Finance (MUTM) Token Surges 20% to $0.035 in Phase 6 Presale Amid Ethereum's Pectra Upgrade Anticipation

The price of Mutuum Finance’s (MUTM) token has surged 20% to $0.035 during its Phase 6 presale, driven by anticipation of Ethereum’s (ETH) upcoming Pectra upgrade and the project’s innovative lending and staking mechanisms. MUTM’s presale, now in its sixth phase, follows a 20% price increase from $0.03 in Phase 5 to the current $0.035. The token’s rally coincides with Ethereum’s network improvements, which many investors view as a catalyst for renewed DeFi activity. Mutuum Finance’s (MUTM) presale has raised over $13.6 million from 14,300 holders, with incentives including a $100,000 giveaway and a $50,000 bug bounty program to bolster security [1].

Mutuum Finance is positioning itself as a sustainable DeFi protocol by integrating mtToken staking and a decentralized stablecoin. Lenders depositing stablecoins like USDC receive 1:1 mtTokens (e.g., mtUSDC), which accrue interest automatically. The protocol plans to allow mtToken staking for MUTM rewards funded via market buybacks, creating buy pressure without inflationary token emissions. For example, a $9,000 USDC deposit at a projected 13% APY could yield $1,170 annually in interest. The project’s stablecoin, designed to maintain a $1 peg, will be minted through collateralized loans and governed by a DAO to stabilize its value [1].

Security is a key focus, with CertiK audits scoring 95 on Token Scan and 78 on Skynet. Overcollateralization and automated liquidation thresholds aim to protect lenders from market volatility. The presale’s current Phase 6 price of $0.035 reflects growing confidence in MUTM’s beta launch, expected to unlock auto-compounding interest and dual-reward staking. However, the next presale phase will raise the price to $0.040, a 15% jump, creating urgency for potential buyers. Early investors who bought at Phase 1’s $0.01 price could see 300X returns if MUTM reaches $3 post-launch, a target outlined by the project [1].

The 20% price increase to $0.035 aligns with broader market optimism ahead of Ethereum’s Pectra upgrade, which is expected to enhance scalability and reduce gas fees, benefiting DeFi protocols. Mutuum Finance’s sustainable model—combining buybacks, stablecoin governance, and secure lending—differentiates it from traditional inflationary DeFi projects. Yet, its success hinges on adoption rates for the beta platform and the effectiveness of its stablecoin in maintaining its $1 peg. The CertiK audit scores and overcollateralization mechanisms address critical risks but remain untested in live market conditions [1].

For investors, MUTM’s presale trajectory highlights the interplay between Ethereum’s network upgrades and niche DeFi innovation. While the 20% price surge underscores short-term enthusiasm, long-term value will depend on the protocol’s ability to execute its vision of sustainable staking and robust borrowing. The project’s focus on security and community-driven governance aligns with industry best practices, but execution risks remain. The anticipated Pectra upgrade could amplify MUTM’s appeal by improving Ethereum’s infrastructure, potentially attracting broader DeFi participation [1].

Sources:

[1] [ETH’s Pectra Upgrade Nears, and This DeFi Token Already Jumped 20% at $0.035](https://invezz.com/news/2025/07/28/eths-pectra-upgrade-nears-and-this-defi-token-already-jumped-20-at-0-035/)