Mutuum Finance: A New Way to Lend and Borrow Crypto

Overview

Mutuum Finance is a new crypto project focused on creating a decentralized lending system. The team has made significant progress and is preparing to launch its first testnet.

Core Features

Lending Mechanism

• Users can lend assets like ETH or USDT.
• In return, they receive mtTokens, which appreciate in value as borrowers repay their loans.

Borrowing Mechanism

• Borrowers can obtain loans with variable interest rates.
• Interest rates adjust based on liquidity pool levels:
• High liquidity → Low interest rates.
• Low liquidity → High interest rates.

Stablecoin Development

• Mutuum Finance is developing a stablecoin pegged to the US dollar.
• The stablecoin will be backed by borrower interest and used within the protocol.
• The team believes this will enhance lending efficiency.

Funding and Growth

• Presale started in early 2025 with a token price of $0.01.
• Current token price: $0.035.
• Funding has exceeded $19.2M.
• Over 18,400 holders have joined the project.

Smart Contract Improvements

• The team is refining smart contracts to ensure:
• Accurate interest calculations.
• Timely loan repayments.
• Contracts are being tested under various market conditions.

Security Measures

• Collaborating with Halborn Security to review borrowing and liquidation contracts.
• Completed a CertiK audit.
• Running a $50,000 bug bounty to identify potential issues.

Expansion Plans

• Planning to expand to multiple layer-2 networks.
• This will reduce transaction costs and increase processing speed.
• The team believes this will help the project scale as user activity grows.