A new wave of optimism is surrounding Mutuum Finance (MUTM) after the project successfully launched its V1 lending and borrowing protocol on the Sepolia testnet and surpassed $20 million raised in its presale.
The DeFi startup has been gaining momentum over recent weeks, with investors and analysts highlighting it as one of the most credible and actively developing presale projects in the crypto market today.
V1 Protocol Launch Marks a Major Step Forward
Mutuum Finance officially announced the launch of its V1 protocol on Sepolia, marking a major leap from concept to working product. The team shared the update on X, confirming:
“Mutuum Finance Protocol is now live. You can now access the app, explore the initial markets, and start testing the core lending & borrowing flows.”
The launch gives users the chance to explore how the platform works in a safe testnet environment, where all activity uses Sepolia test tokens instead of real crypto assets. This setup lets participants experience the full range of DeFi operations — such as lending, borrowing, and staking — while getting comfortable with the protocol’s interface, features, and built-in risk management tools.
The V1 protocol currently supports four key assets: ETH, USDT, WBTC, and LINK. Users can mint and supply these assets, use them as collateral, and borrow against their holdings to explore how the live platform will operate once on mainnet.
Core Features Now Live on Testnet
Mutuum’s V1 protocol introduces the essential components that underpin its decentralized lending and borrowing framework. When users supply assets, they receive mtTokens, which act as digital representations of their deposits and automatically accumulate simulated yield over time, showing how their position grows. These mtTokens can also be staked to demonstrate how future rewards in MUTM tokens will work once the platform goes live.
In the live version of the protocol, Mutuum’s buy-and-distribute mechanism will regularly purchase MUTM tokens from the open market and redistribute them to mtToken stakers — a system designed to create consistent buying pressure and reward long-term participants.
On the Sepolia testnet, users can already explore how this mechanism functions in practice, testing how mtToken staking and reward distribution will operate once the mainnet is launched.
When borrowing takes place, Debt Tokens are created to record each borrower’s position on-chain, tracking both the original principal and any accrued interest in real time. This system ensures complete transparency and accountability across all lending activities. To maintain stability, the protocol also features an Automated Liquidator Bot, a mechanism that continuously monitors all active loans and automatically initiates liquidations whenever collateral levels fall below the required safety margin.
Supporting this framework is the Health Factor, a critical metric that evaluates the safety of each borrower’s collateral. A Health Factor above 1.0 signals a well-secured position, while a value below 1.0 can trigger liquidation to protect liquidity providers and preserve the protocol’s overall balance.
Together, these mechanics give users a realistic and transparent preview of how Mutuum Finance’s lending protocol will function once it transitions from the testnet to mainnet.
Presale Momentum Accelerates Past $20 Million
Following the V1 launch announcement, Mutuum Finance’s presale saw renewed excitement and capital inflows. The total raised amount has now surpassed $20.25 million, with nearly 19,000 holders participating so far.
Notably, shortly after the protocol’s testnet launch, a single whale wallet contributed approximately $175,000 in one transaction — followed by over $200,000 in additional inflows within 72 hours. These figures underline the growing investor confidence in the project’s direction.
The current token price is $0.04 in Phase 7 of the presale, with a confirmed launch price of $0.06. Since its initial phase at $0.01, MUTM has already climbed by 300%, and by the time of launch, the total presale-to-market increase will represent 500% growth. Despite this rapid progress, the current phase is still viewed as a discounted entry point compared to its future valuation.
Halborn Audit Strengthens Investor Confidence
Security is one of the biggest concerns for DeFi investors, and Mutuum Finance has made it a top priority. The project’s lending and borrowing smart contracts were independently audited by Halborn Security, a respected name in blockchain security.
This audit adds to the credibility of Mutuum’s ecosystem, coming after the CertiK audit of the MUTM token smart contract, which achieved a 90/100 Token Scan Score — an above-average grade that highlights code reliability and low-risk vulnerabilities.
For analysts and investors alike, these audits significantly boost trust, especially since they were completed before the mainnet launch — a sign of the team’s commitment to building securely and transparently.
Team Focused on Continuous Development
The Mutuum Finance team has made clear that its immediate focus is improving and expanding the protocol. In a recent update shared on X, they confirmed that more updates are in progress and that new features will be rolled out in the coming weeks as part of the project’s roadmap toward mainnet readiness.
This commitment to ongoing improvement — rather than rushing to launch — signals a deliberate and sustainable growth strategy. The team’s development-first approach is one of the key reasons analysts are confident in the long-term potential of MUTM.
To make participation easier, Mutuum Finance has also introduced card payment support, allowing investors to buy MUTM tokens directly with debit or credit cards. A step-by-step guide was shared on the project’s X account to simplify the process for newcomers.
Alongside this, the project runs a 24-hour leaderboard that rewards the top daily contributor with a $500 MUTM bonus, refreshing every day. Additionally, a $100,000 giveaway is active, where 10 winners will each receive $10,000 worth of MUTM tokens — further boosting community engagement during the presale period.
MUTM Shows Early Leadership Potential
With a live working protocol, $20 million+ raised, and verified audits, Mutuum Finance stands out as one of the few presale projects already delivering tangible progress before listing. Analysts have taken note of this rare combination of execution and transparency — two traits that often separate short-lived tokens from long-term market leaders.
As the team continues refining its platform and preparing for mainnet, analysts believe that MUTM could emerge as one of the top-performing DeFi tokens in 2026, benefiting from strong fundamentals, early community traction, and increasing exchange interest.
Mutuum Finance’s success story is unfolding in real time. With the V1 protocol live on testnet, over $20 million raised, and security audits complete, the project is setting a new standard for transparency and early delivery in DeFi.
For now, the token remains in presale at $0.04, a price still significantly below its $0.06 launch level — offering investors a last window of discounted access before the token enters the broader market.
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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