Mutuum Finance: Building a Strong Foundation in DeFi
Project Overview
Mutuum Finance, a DeFi project built on Ethereum, is making steady progress in the lending and borrowing space. The project has raised over $19 million and is now in the second phase of its development plan.
Core Development
During this phase, the team is focused on building the core parts of the system, including:
- Smart contracts for lending, borrowing, and interest calculation.
- A debt management system.
- A bot for handling liquidations.
This phase is crucial as it transforms plans into a functional system.
User Interest and Token Performance
Mutuum Finance has garnered significant interest, with over 18,400 users holding the MUTM token. The token's price has surged by 250% since its launch, driven by a structured presale model rather than sudden market fluctuations.
Tokenomics
- Total supply: 4 billion MUTM tokens.
- Presale allocation: 45.5% of the total supply.
- Tokens sold so far: Approximately 820 million.
This approach helps distribute ownership and makes it easier for new users to participate.
Security Measures
Mutuum Finance prioritizes security with:
- A completed audit by CertiK.
- Collaboration with Halborn Security.
- A $50,000 bug bounty program to identify and fix smart contract vulnerabilities.
Testnet Launch
The project plans to launch its first testnet in the last quarter of 2025. This will allow users to test the system with test assets, marking a significant step toward real-world deployment.
Market Position
Mutuum Finance is entering a competitive market, but its methodical approach to development and security is gaining attention. As it moves closer to its testnet launch, it is becoming a notable player in the DeFi lending space.
