Mutuum Rises on Security Audit, Presale Nears $20M Mark

Mutuum Finance (MUTM), a decentralized finance (DeFi) project, is advancing through a critical phase as it prepares for its V1 testnet launch. The project has confirmed that its core lending and borrowing smart contracts are now finalized and undergoing a formal security review by Halborn Security. This step is part of the project's broader development timeline, which includes a planned Q4 2025 release on the Sepolia testnet.

The review by Halborn Security is a key step in ensuring the integrity and stability of the protocol before public testing begins. According to the Mutuum Finance team, the codebase is under formal analysis, with regular updates to follow.

The security review comes after the completion of a CertiK Token Scan, which evaluated the token structure and basic risk factors.

In parallel, Mutuum Finance's token presale continues to progress, with Phase 6 nearing full allocation. Over $19.4 million has been raised to date, with more than 18,500 holders participating in the presale according to financial reports. The current phase is priced at $0.035, and the team has confirmed that Phase 7 will see a 20% price increase to $0.04, further tightening supply and raising valuation.

Security Review and Development Milestones

The ongoing Halborn Security audit is a critical step for Mutuum Finance as it moves toward its V1 testnet launch. Smart contracts are the backbone of any DeFi protocol, and third-party security reviews are essential for identifying and mitigating potential vulnerabilities. The audit covers the lending and borrowing contracts, including mechanisms for interest accrual, collateral management, and liquidation processes.

In addition to the security review, Mutuum Finance has also launched a $50,000 bug bounty program to incentivize external researchers to identify potential issues. This proactive approach aligns with industry best practices and demonstrates the team's commitment to building a secure and robust protocol.

The V1 testnet is expected to include several core features, such as liquidity pools, mtToken issuance, and automated liquidation tools according to the project's roadmap. These components will form the foundation of the Mutuum Finance lending and borrowing engine and will be tested in a controlled environment before broader deployment.

Presale Progress and Tokenomics

The Mutuum Finance token (MUTM) has followed a structured, multi-phase presale model since its launch in early 2025. The project has raised over $19.4 million as of December 2025, with Phase 6 now more than 99% sold out according to presale data. The token price has increased from an initial offering price of $0.01 to $0.035 in the current phase, with the planned launch price set at $0.06.

The presale is designed to distribute 45.5% of the total 4 billion MUTM tokens to early participants, with over 820 million tokens already sold according to the project's announcement. This allocation strategy aims to establish a broad base of early holders while gradually increasing the token price as the project progresses.

Phase 7, which is expected to begin soon, will see the MUTM token price rise to $0.04, marking another significant increase in valuation. As the presale moves into its next phase, the remaining supply at the $0.035 price level is rapidly diminishing, creating a sense of urgency among participants.

Market and Regulatory Context

The development of Mutuum Finance occurs against a backdrop of increasing regulatory scrutiny in the crypto space. In the UK, the Financial Conduct Authority (FCA) has launched three consultations on proposed rules for digital asset markets, including DeFi lending and borrowing according to industry analysis. These consultations aim to establish a framework that supports innovation while ensuring consumer protection and transparency.

While the FCA's proposals are still in the consultation phase, they signal a broader trend toward regulating DeFi protocols and other crypto activities. The FCA has emphasized that crypto remains largely unregulated, with the exception of financial promotions and anti-money laundering requirements according to regulatory documents. This regulatory uncertainty adds an additional layer of complexity for projects like Mutuum Finance as they approach public launch.

Despite the regulatory environment, Mutuum Finance continues to advance its roadmap. The team has outlined a clear plan for the V1 testnet launch and subsequent development phases, with a focus on structured lending and borrowing mechanisms. As the project moves closer to its public release, the combination of technical progress, token distribution, and regulatory developments will shape its path forward.