Mutuum Finance (MUTM) Spur $19.3M Raise, Nears $20M Target on 250% Price Surge

Mutuum Finance (MUTM) Project Overview

Mutuum Finance (MUTM), a decentralized finance (DeFi) project focused on lending and borrowing infrastructure, has raised $19.3 million in its ongoing presale, bringing it close to its $20 million fundraising target. The project is currently in Phase 6 of its token sale, with over 97% of the allocation sold out. The presale price in this phase is set at $0.035, and the next phase is expected to increase the price by 20% to $0.04 as the token moves closer to its launch price of $0.06.

The DeFi protocol is nearing its milestone as it finalizes key components of its lending and borrowing smart contracts. Over 18,400 holders have participated in the presale, demonstrating broad community support. The project is on track for its V1 protocol launch on the Sepolia testnet in Q4 2025, with final security audits being conducted by Halborn Security.

Mutuum Finance has also completed a CertiK audit, achieving a 90/100 score, and has implemented a $50,000 bug bounty program to identify potential vulnerabilities. These measures are part of the project's commitment to ensuring robust security before public testing begins.

Development Progress and Core Features

Mutuum Finance's development team has completed the final stages of its core protocol components, including lending and borrowing smart contracts. The project now focuses on ensuring all functions--such as deposits, interest calculations, and liquidation processes--are fully operational. The V1 protocol is expected to introduce a live liquidity pool, mtToken issuance, and support for ETH and USDT, providing users with a test environment before the mainnet launch.

The protocol's structure is designed around two connected markets. Suppliers deposit assets such as ETH or USDT to earn interest, which is reflected in mtTokens. Borrowers, on the other hand, access liquidity by providing collateral, with interest rates adjusting based on pool availability. Loan-to-value limits and automated liquidation mechanisms help maintain protocol stability during market volatility according to protocol documentation.

Buy-And-Distribute Mechanism and Security Focus

Mutuum Finance is implementing a buy-and-distribute mechanism as part of its long-term economic model. Under this structure, a portion of protocol revenue will be used to purchase MUTM tokens from the open market, which are then distributed to users who stake mtTokens in the platform's safety module. This mechanism aims to support token stability by aligning rewards with actual platform usage and introducing recurring demand.

Security remains a top priority for the project. In addition to the CertiK audit, the protocol is undergoing a second audit by Halborn Security, covering key aspects such as interest behavior, liquidation logic, and collateral thresholds. These audits are designed to ensure the protocol functions correctly under various market conditions and edge cases. The bug bounty program has been launched to encourage external developers to identify potential issues before the public testnet release.

Community Growth and Token Allocation

The MUTM token has seen significant demand since its presale began in early 2025 at $0.01. The price has now risen to $0.035 in Phase 6, representing a 250% increase. The project has allocated 45.5% of its total 4 billion token supply to the presale, with approximately 820 million tokens already sold. This approach aims to distribute ownership across a broad user base, enhancing liquidity and community engagement.

Community participation has been a key factor in the project's growth. With over 18,400 holders and rising demand in each phase, the project has created a strong foundation for its future lending and borrowing activities. The ability to purchase MUTM tokens with card payments has further expanded access, particularly in regions where on-chain transactions may be less common as confirmed in recent updates.

Roadmap and Future Plans

Mutuum Finance's roadmap outlines a clear path toward its V1 launch in Q4 2025. The project is currently in Roadmap Phase 2, where it has refined its smart contract logic, tested liquidation accuracy, and adjusted interface parameters. These developments are essential for ensuring the protocol operates smoothly during public testing. The team has also begun planning for a USD-pegged stablecoin, which will support borrowing activity and improve liquidity according to the latest update.

Layer-2 expansion is another key objective for the project. By deploying the protocol on multiple L2 networks, Mutuum Finance aims to reduce transaction costs and improve processing speed. This is particularly important for lending platforms, which require frequent updates to collateral values and interest positions. The expansion will also help the protocol scale as user activity increases as reported in Phase 2 updates.

With its fundraising milestone approaching and core features finalized, Mutuum Finance is positioning itself as a notable entry in the DeFi lending space. The combination of strong community support, rigorous security measures, and a structured development approach has contributed to the project's momentum. As it moves toward its first public testnet, further updates are expected to refine its protocol and prepare for a broader launch.