Mutuum Finance: A Closer Look at Its DeFi Journey

Mutuum Finance, a new player in the DeFi space, is making strides toward its next big milestone. With a focus on non-custodial lending and borrowing, this project aims to let users earn yield by supplying assets and take out overcollateralized loans. The protocol is designed to manage interest rates and risk, adjusting liquidity as borrowing demand changes.

Dual-Market Model

One unique feature of Mutuum Finance is its dual-market model. It offers:

• Pool-based lending: Users deposit into shared pools, and borrowers take liquidity from those pools.
• Peer-to-peer matching: Lenders and borrowers agree on terms directly.

This dual structure is intended to cater to different user needs as the protocol grows.

Funding and Token Sale

Mutuum Finance has reported significant progress in its funding, reaching $19.6M with around 18,700 holders. This combination of raised capital and a growing holder base is often seen as a basic indicator of a new crypto project's early community.

The project is currently in Phase 7 of its token sale, with the token price increasing from $0.01 in Phase 1 to $0.04 in Phase 7, marking a 300% climb.

Token Sale Structure

• Early stages: Lowest entry price.
• Later stages: Higher pricing and more tokens in holders’ hands.

As Phase 7 progresses, the entry level is no longer the same as it was earlier in the sale. Mutuum Finance also runs a 24-hour leaderboard that rewards the top daily contributor with $500 in MUTM, keeping daily activity high and adding extra competition.

V1 Release

Mutuum Finance is preparing its V1 release for the Sepolia testnet first, then finalizing for the mainnet. V1 is described as the base layer of the protocol, with the first release built around:

• Liquidity pools for deposits and borrowing.
• mtToken to represent supply positions.
• Debt Token to track borrow positions.
• Liquidator Bot to support liquidations when positions become unsafe.

ETH and USDT are the initial assets for lending, borrowing, and collateral.

Future Outlook

As Mutuum Finance moves closer to its V1 release, the project is entering a phase where updates are no longer background noise but feel time-sensitive. Once V1 is live on Sepolia and the path to mainnet is clearer, the project becomes easier for more people to follow, often leading to a jump in visibility.