Mutuum Finance (MUTM), a new crypto project focused on decentralized lending and borrowing, has confirmed the completion of its V1 smart contract audit conducted by Halborn Security.
The update marks an important step in the project’s roadmap as it prepares for the initial deployment of its protocol. With core contracts reviewed and development milestones progressing, Mutuum Finance continues to move from design into execution within the DeFi crypto sector.
Overview of The Mutuum Finance (MUTM)
Mutuum Finance is an Ethereum-based DeFi crypto designed to support lending and borrowing through a structured protocol. The platform will allow users to supply digital assets to earn yield while enabling borrowers to access liquidity by providing collateral.
The protocol is built around a dual lending model. One part of the system uses pooled liquidity, where users deposit assets into shared pools. These assets are then made available to borrowers under predefined rules. Another part of the system supports direct borrowing mechanisms that rely on collateral valuation and market pricing.
Interest rates within the protocol are automated and adjusted based on liquidity conditions. When borrowing demand increases and available supply decreases, interest rates rise. When liquidity is abundant, rates remain lower. This model aims to balance supply and demand without manual intervention.
Risk management is embedded in the protocol design. Each supported asset has defined Loan to Value limits and liquidation thresholds. If collateral value falls below required levels, liquidations can be triggered to protect lenders and maintain system solvency.
mtTokens and Yield Representation
When users supply assets to Mutuum Finance, they receive mtTokens. These tokens represent a claim on the supplied assets and reflect the interest earned from borrowing activity. Instead of distributing yield as periodic payouts, the protocol increases the value of mtTokens over time as interest is repaid.
mtTokens are transferable and remain linked to the performance of the underlying lending pools. This structure simplifies yield accounting and allows suppliers to manage their positions flexibly.
The protocol also incorporates a buy-and-distribute mechanism. MUTM purchased on the open market is redistributed to users who stake mtTokens in the safety module. This approach connects protocol usage with token distribution and aligns incentives around lending activity.
Completion of The Halborn Security Audit
A central update from the project is the completion of the independent audit carried out by Halborn Security. According to the official statement, Halborn reviewed Mutuum Finance’s V1 lending and borrowing smart contracts. The audit assessed the finalized codebase and evaluated potential vulnerabilities prior to deployment.
Independent audits are a standard requirement for DeFi crypto projects that manage collateral and user funds. By completing the Halborn review before launch, Mutuum Finance has addressed one of the primary technical checkpoints expected ahead of public testing.
In addition to the Halborn audit, the MUTM token has received a 90/100 score on the CertiK Token Scan. This assessment focuses on token structure, configuration, and transparency. While it does not replace a full protocol audit, it provides an additional layer of review.
The project has also introduced a $50k bug bounty program. This initiative invites independent researchers to examine the code and report potential issues, adding another safeguard before broader usage.
Presale Structure and Distribution Progress
Mutuum Finance’s presale began in early 2025 and follows a fixed-stage pricing model. The total supply of MUTM is 4B tokens. Of this supply, 45.5%, or approximately 1.82B tokens, is allocated to the presale.
As of the latest update, around 820M tokens have been sold. The token price has progressed through multiple stages, starting at $0.01 and reaching approximately $0.04 in the current phase. Each stage includes a defined allocation and price, with later stages offering fewer tokens at higher levels.
The project reports raising $19.5M and reaching approximately 18,700 holders. These figures reflect distribution activity prior to exchange listings, as the token is not yet trading on public markets.
Mutuum Finance also supports card payment options for participation. This feature expands access beyond on-chain transfers and allows a wider range of users to take part in the distribution process.
V1 Launch Preparation
Following the completion of the Halborn audit, Mutuum Finance has confirmed that it is preparing the V1 release of its lending and borrowing protocol. According to official updates shared on X, the V1 deployment is planned as a beta on the Sepolia testnet, with mainnet finalization to follow.
Initial supported assets are expected to include ETH and USDT for lending, borrowing, and collateral use. Core V1 features are planned to include liquidity pools, mtTokens, debt tracking, and automated liquidation tools.
The beta phase is intended to allow users to interact with the protocol in a controlled environment. Feedback and performance data from this phase are expected to inform final adjustments before a mainnet release.
Position Within The DeFi Sector
Mutuum Finance enters a competitive DeFi crypto environment that includes both established lending platforms and newer entrants. Its focus on structured risk controls, staged deployment, and multiple layers of security positions it as a project emphasizing gradual rollout rather than rapid expansion.
As presale distribution continues and V1 preparation progresses, Mutuum Finance remains in a transition phase between development and live testing. The coming stages will determine how the protocol performs under real usage conditions and how it fits within the broader DeFi ecosystem.
With the Halborn audit completed and V1 deployment approaching, Mutuum Finance has reached a notable point in its roadmap, marking the shift from internal development toward external validation and testing.
For more information about Mutuum Finance (MUTM) visit the links below:
Website: https://www.mutuum.com
Linktree: <https://linktr.ee/mutuumfinance](https://linktr.ee/mutuumfinance)
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This story was published as a press release by Btcwire under HackerNoon’s Business Blogging Program.
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