Mutuum Finance: Stepping Up the Crypto Lending Game
Mutuum Finance, a decentralized finance (DeFi) project, is gaining attention with its non-custodial lending and borrowing protocol. The project has recently completed a security audit by Halborn, a renowned blockchain security firm, covering the smart contracts and architecture for its lending and borrowing features. This audit underscores Mutuum's commitment to security, a critical aspect in the DeFi space.
Project Roadmap
Mutuum's roadmap is divided into four phases:
- Introduction
- Building (Current Phase)
- Finalization
- Delivery
The project is nearing the completion of Phase 2, which focuses on core protocol development. This includes:
- Smart contract development
- Front-end and back-end development
- Implementation of risk parameters
Only two tasks remain in this phase, and Phase 3 is already underway. Phase 3 is centered around testnet preparation and delivery, including:
- Demo deployment
- Beta testing
- Finalizing documentation
Token Presale
Mutuum Finance is currently running a token presale, now in Phase 7, with MUTM tokens priced at $0.04. The project has raised over $19.5 million and has attracted over 18,600 token holders. The presale allocation is 1.82 billion tokens, with more than 820 million sold so far.
Upcoming Milestones
The next big milestone for Mutuum Finance is the V1 protocol launch, expected to be announced soon. The initial deployment is planned for the Sepolia testnet, where users can interact with the protocol’s core functions in a test environment. V1 will include:
- Liquidity pools
- mtTokens representing supplied assets
- Debt tokens tied to borrow positions
- An automated liquidator system
The initial assets expected for lending, borrowing, and collateral use are ETH and USDT.
Conclusion
Mutuum Finance is definitely one to watch in the DeFi space. With its focus on security and user testing, it's clear that the project is committed to delivering a robust and reliable lending and borrowing protocol. As the project continues to make progress, more announcements regarding the V1 timeline and additional development updates will be released through official channels.
