Mutuum Finance (MUTM) Hits $19.2M Presale Amid Halborn Audit Surge

Mutuum Finance (MUTM), a decentralized lending protocol, is accelerating progress ahead of its Q4 2025 V1 testnet launch. The project has confirmed that development remains on track, with multiple operational components undergoing refinement and internal testing. Community engagement is also growing, as the presale nears final allocation.

The project's collaboration with Halborn Security is central to ensuring protocol readiness. The audit firm is currently reviewing key aspects of the lending framework, including liquidation mechanics and interest behavior. This step is crucial for verifying the protocol's stability before public testing begins.

Mutuum Finance is introducing a dual-lending model that separates fixed and variable rate structures. This approach is intended to provide flexibility for both lenders and borrowers while maintaining system stability through dynamic collateral requirements.

Protocol Design and Yield Mechanics

Mutuum Finance's lending system operates through two connected markets. Users who supply assets like ETH or USDT receive mtTokens, which appreciate as borrowers repay interest. This mechanism aims to provide yield based on real protocol usage rather than emission-based incentives according to recent reports.

The second market allows for variable-rate borrowing, where interest rates adjust based on liquidity levels. When liquidity is abundant, borrowing costs are lower, but they rise when supply tightens. Liquidation processes kick in when collateral values fall below thresholds.

The team states that both markets will be active in the first public version of the protocol. This dual approach is intended to support structured lending in the DeFi sector, offering a hybrid model that balances predictability and flexibility for different user strategies.

Presale Progress and Security Audits

Mutuum Finance has raised over $19.2 million in its ongoing presale, with more than 18,400 holders participating. The token price has risen from $0.01 in Phase 1 to $0.035 in Phase 6, reflecting growing interest in the project. Phase 6 is currently over 96% sold out, and the next price tier is set to increase by 20% to $0.04.

The project's security measures include audits from both Halborn Security and CertiK. The Halborn review focuses on contract logic and system behavior under different market conditions. CertiK's audit gave the project a 90/100 score, and a $50,000 bug bounty is active to encourage further scrutiny.

Mutuum Finance is also implementing a 24-hour leaderboard, rewarding the top contributor with $500 in MUTM each day. This feature has boosted daily participation and regional visibility for the project. Card payments are now supported to simplify onboarding for new users who prefer direct transaction methods.

Expansion and Technical Roadmap

Mutuum Finance is planning to introduce a USD-pegged stablecoin to further enhance liquidity and yield generation within its protocol. The stablecoin will be backed by borrower interest and will play a key role in maintaining asset stability for both lenders and borrowers according to the latest update.

Long-term development includes Layer-2 deployment to reduce transaction costs and improve processing speed. The team states that this scaling strategy is essential for supporting faster updates to interest rates, collateral positions, and liquidation events. The transition to L2 is expected to occur after the testnet launch according to the project's roadmap.

The V1 testnet is scheduled for Q4 2025, and the team is finalizing smart contract refinements and interface improvements. Analytics and monitoring tools are also being integrated to support transparency during testing. These updates are expected to prepare the protocol for broader adoption once mainnet deployment begins according to the development team.

The project's transparent development approach and growing community engagement continue to drive its profile within the DeFi sector. With security audits completed and presale momentum building, Mutuum Finance is positioned as a key player in the next wave of decentralized lending platforms.