Investors Fuel Mutuum's $17.8M Surge in DeFi Lending Rush

Mutuum Finance (MUTM), a Dubai-based decentralized finance (DeFi) project, has surpassed $17.8 million in presale funding with a holder count approaching 17,500, according to a GlobeNewswire release. The token, currently priced at $0.035 in Phase 6, has surged 250% since its initial $0.01 launch in Phase 1. With over 75% of Phase 6 tokens sold, the price is set to rise to $0.04 in Phase 7, signaling strong investor confidence, according to a GlobeNewswire report.

The project's structured presale model allocates 1.82 billion of its 4 billion total supply for early participation, with 760 million already sold. To boost engagement, Mutuum introduced a 24-hour leaderboard, rewarding the top daily contributor with $500 in MUTM tokens, the GlobeNewswire release said. A $100,000 giveaway further incentivizes participation, with ten winners to receive $10,000 in MUTM each, according to another GlobeNewswire release.

Mutuum Finance's decentralized lending and borrowing protocol, set to launch on the Sepolia testnet in Q4 2025, aims to connect on-chain activity with token utility. Users will deposit crypto assets to earn interest via mtTokens—digital proof of deposits that accrue yield. Borrowers can collateralize ETH or USDT to access liquidity without selling holdings, while mtTokens can be staked to earn MUTM rewards, the GlobeNewswire release noted.

A portion of platform fees will fund a buy-and-distribute model, purchasing MUTM from the open market and redistributing it to stakers. This mechanism aligns token demand with protocol usage, potentially driving long-term value, according to a BlockchainWire press release. CertiK's audit of the smart contracts—scoring 90/100—bolsters confidence in the project's security, the GlobeNewswire release added.

Having completed Phase 1 of its roadmap, Mutuum is now in Phase 2, focusing on protocol development and infrastructure. The V1 launch will include liquidity pools, debt tokens, and a liquidator bot to manage collateral, as outlined in a Bitcoin.com post. Future plans include Layer-2 integration to reduce gas fees, multi-chain expansion, and a USD-pegged stablecoin to stabilize lending markets, according to a GlobeNewswire release.

The project's simultaneous token and platform launch strategy aims to accelerate exchange listings and adoption. With Phase 6 nearing 80% completion, the next price increase looms as the project builds momentum ahead of its testnet debut, the GlobeNewswire report noted.

Mutuum's growth occurs amid a broader DeFi resurgence, with projects like Aave and Maple Finance also innovating in lending. Aave's recent partnership with Maple Finance aims to enhance yields by integrating institutional-grade collateral, according to a Coinotag report, while Binance Coin (BNB) and Solana (SOL) face rising competition from Ethereum-based protocols, a Coinotag article observes.

Despite these developments, Mutuum's presale traction and clear roadmap position it as a strong contender in the DeFi lending space. With a focus on transparency, security, and utility, the project aligns with investor demand for structured, high-growth crypto initiatives, the BlockchainWire press release concluded.

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