Mutuum Finance: Building a Strong Foundation in DeFi

Mutuum Finance, a DeFi project built on Ethereum, is making steady progress. It focuses on lending and borrowing. The project has raised over $19 million so far. It is now in the second phase of its development plan. During this phase, the team is working on the core parts of the system. These include smart contracts for lending, borrowing, and calculating interest. They are also building a system for managing debt and a bot to handle liquidations. This phase is about turning plans into a working system. Mutuum Finance has seen a lot of interest from users. Over 18, 400 people now hold the MUTM token. The token's price has gone up by 250% since it started. This growth is due to a structured presale model, not sudden market changes. The project has a total supply of 4 billion MUTM tokens. About 45. 5% of these are for the presale. So far, around 820 million tokens have been sold. This approach helps spread out ownership and makes it easier for new users to join. Mutuum Finance is also focused on security. It has completed an audit with CertiK and is working with Halborn Security. Additionally, a $50, 000 bug bounty program is in place to find and fix any issues in the smart contracts. The project plans to launch its first testnet in the last quarter of 2025. This will allow users to try out the system with test assets. The testnet is a big step towards making the protocol ready for real use. Mutuum Finance is entering a competitive market. Its careful approach to development and security is notable. As it moves closer to its testnet launch, it is gaining attention in the DeFi lending space.