Mutuum Finance: A New Player in the Crypto Lending Game

Overview

Mutuum Finance, a new player in the crypto space, is gaining traction with its decentralized lending protocol on Ethereum. After completing a security audit with Halborn, a prominent name in DeFi, they are now moving forward with Phase 2 of their roadmap. This phase includes the upcoming V1 launch and a structured token distribution.

Lending Environments

The protocol offers two lending environments:

1. Pooled Market:
   • Users can supply assets like ETH, stablecoins, and major ERC-20 tokens.
   • In return, they receive mtTokens that track both principal and yield.
2. Peer-to-Peer Market:
   • Designed for assets that don't fit the pooled structure.
   • Loans come with collateral requirements, borrowing rates, and liquidation rules.

Stablecoins and Future Updates

• Stablecoins are expected to play a significant role once the protocol is live, offering predictable repayment outcomes.
• Mutuum Finance is also planning Layer-2 execution updates, which could reduce gas costs and improve liquidation speed during market volatility.

Chainlink Integration

• The protocol will integrate Chainlink price feeds with fallback data sources for pricing accuracy, especially during volatility.

Presale and Token Distribution

• The MUTM token presale is structured into pricing phases, each with a fixed allocation and fixed token price.
• The presale has raised over $19.8 million and has surpassed 18,700 holders.

Security and Audits

• The MUTM token was scanned by CertiK, receiving a 90/100 Token Scan score.
• A $50,000 bug bounty program has been opened to encourage reporting of vulnerabilities before mainnet deployment.

Roadmap Phase 2

• The V1 protocol is preparing for deployment to the Sepolia testnet before mainnet release.
• Once testnet metrics stabilize, mainnet activation is scheduled for Q1 2026.

Conclusion

Mutuum Finance's progression through Phase 2 places the project among the DeFi platforms preparing for live usage in 2026. With the Halborn audit finalized, testnet deployment in progress, and presale distribution advancing, the protocol is transitioning from development to execution.