Mutuum Finance: Stepping Up the Crypto Lending Game

Mutuum Finance, a decentralized finance (DeFi) project, is making waves in the crypto world with its non-custodial lending and borrowing protocol. The project has just wrapped up a security audit by Halborn, a well-known blockchain security firm, covering the smart contracts and architecture for its lending and borrowing features. This audit is a big deal because it shows that Mutuum is serious about security, which is crucial in the DeFi space. The project's roadmap is divided into four phases: introduction, building, finalization, and delivery. Right now, Mutuum is almost done with Phase 2, which focuses on core protocol development. This includes smart contract work, front-end and back-end development, and the implementation of risk parameters. Only two tasks are left in this phase, and Phase 3 is already underway. Phase 3 is all about testnet preparation and delivery, which includes demo deployment, beta testing, and finalizing documentation.Mutuum Finance is also running a token presale, currently 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. The project's next big milestone is the V1 protocol launch, which is 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 core components such as liquidity pools, mtTokens representing supplied assets, debt tokens tied to borrow positions, and an automated liquidator system. The initial assets expected for lending, borrowing, and collateral use are ETH and USDT. 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.