Mutuum Finance Completes Halborn Audit as V1 Protocol Nears Testnet Launch

Mutuum Finance (MUTM), a decentralized lending and borrowing platform, has announced that Halborn Security has completed an independent audit of its V1 protocol. This audit is a key step in the project's path toward launching its first protocol release, which is expected soon on the Sepolia testnet.

The protocol, which relies on overcollateralized lending and automated liquidation mechanisms, has positioned the Halborn audit as part of a broader security stack that includes a CertiK token scan score of 90/100 and a $50,000 bug bounty program. These checkpoints are seen as essential in the DeFi space, where protocol failures can lead to significant losses.

The project has also confirmed it is moving toward a V1 release on the Sepolia testnet, with core components such as liquidity pools, mtTokens, debt tokens, and a liquidator bot expected to be available.

Why Is the Halborn Audit Important for DeFi Projects?

In decentralized finance, lending protocols must ensure that smart contracts are rigorously tested before deployment. The completion of an independent audit by a firm like Halborn is often seen as a strong signal of a project's technical readiness. It helps reduce the risk of vulnerabilities that could be exploited during live operations.

For Mutuum Finance, the audit covers critical areas such as collateral management, interest accrual, and liquidation logic. These functions are essential to maintaining protocol stability during market volatility or rapid price movements.

How Does the V1 Protocol Progress Affect Investor Sentiment?

Mutuum Finance's V1 protocol is now expected to move into testnet deployment shortly. The project has outlined a roadmap where testnet access will be used to validate core mechanics before wider deployment on mainnet.

Investor sentiment appears to be aligning with development progress, as the presale continues to gain traction. The presale has raised approximately $19.6 million to date, with around 18,750 token holders participating. The token price has increased from $0.01 in Phase 1 to $0.04 in Phase 7, reflecting the structured pricing model used by the project.

The project also maintains a 24-hour leaderboard that rewards the top daily contributor with $500 in MUTM tokens. This feature helps sustain engagement, particularly in the later phases of a presale where token price increases are more frequent.

What Are Analysts Watching for in the V1 Launch?

Analysts are observing how Mutuum Finance's V1 protocol performs in testnet environments. Key performance indicators include how liquidity pools handle borrowing demand, how interest rates adjust based on utilization, and how the automated liquidator bot manages risk.

The project has also indicated that ETH and USDT will be the first assets supported for lending, borrowing, and collateral use. This limited initial scope is a common strategy in early DeFi deployments, where reducing complexity allows for more controlled testing.

As the V1 protocol nears deployment, investors are also paying close attention to the finalization of mainnet timelines. While the project has described this as "coming shortly," concrete dates have yet to be provided.

How Does the Staged Pricing Model Affect Participation?

Mutuum Finance's presale has followed a staged pricing model since early 2025. Each phase is characterized by fixed prices and token allocations. As each phase sells out, the next one opens at a higher price.

The current Phase 7 price is $0.04, with the project referencing an official launch price of $0.06 as a future benchmark. This 300% increase from the initial Phase 1 price has created a sense of urgency among investors, especially as the project moves toward testnet and mainnet deployment.

Participation has also been supported by card payment access, which helps reduce friction for new investors. This is particularly relevant in later stages, where supply at lower prices is no longer available.

What's Next for Mutuum Finance?

With the Halborn audit completed and testnet deployment imminent, Mutuum Finance is entering a critical phase in its development timeline. The project has outlined plans for a broader rollout, including potential layer-2 integrations to improve efficiency and reduce transaction costs.

The presale is expected to continue in Phase 7 until the current allocation is exhausted, with the project likely to transition into Phase 8 soon. Given the current pace of participation, this transition may occur quickly.

For now, the focus remains on V1 protocol readiness and the upcoming testnet deployment. As the project moves closer to a live launch, further updates on performance metrics and user feedback will likely shape investor confidence and market expectations.