Mutuum Finance: A Closer Look at the $20M Presale and Upcoming Launch

Mutuum Finance has just wrapped up a security audit by Halborn Security, which is a big deal for their V1 lending and borrowing smart contracts. This audit is a crucial step before they open V1 to public testing on Ethereum’s Sepolia testnet. Meanwhile, their presale is heating up, with funds creeping close to $20 million. The presale is now in Phase 7, with MUTM tokens priced at $0. 04. This is a discount compared to the planned launch price of $0. 06. Over 18, 800 people have already jumped in, and more than 830 million tokens have been sold out of the 1. 82 billion allocated for the presale. That’s almost half gone! The price has shot up from $0. 01 in Phase 1 to $0. 04 now, which is a 300% increase. By launch, it’s set to hit $0. 06, a 500% jump from the start. The audit completion has given the presale a boost, with more buyers stepping in as they see real progress. Mutuum Finance is now gearing up to release V1 on the Sepolia testnet before moving to the mainnet. This will let users test the protocol’s first production-grade build. The V1 release includes some key features, like the Liquidity Pool, mtToken, Debt Token, Liquidator Bot, and support for ETH and USDT markets.Mutuum Finance is all about decentralized, non-custodial borrowing and yield generation. Lenders put their assets into shared pools and earn interest, while borrowers get liquidity by posting collateral. The project also has a dual market structure: Peer-to-Contract (P2C) pooled markets and Peer-to-Peer (P2P) markets. They’re planning to launch an overcollateralized stablecoin and expand to multiple chains in the future. To keep the hype going, Mutuum Finance has launched a $100, 000 giveaway. Ten winners will each get $10, 000 worth of MUTM tokens. With Phase 7 still offering a discount and the presale allocation shrinking, now might be the last chance to get in before the launch. The audit, Sepolia V1 rollout, and near-$20 million presale are the big highlights as they move toward the big launch.