Mutuum Finance Nears $20M Presale as V1 Protocol Advances Toward Testnet Deployment

New updates have been reported about Mutuum Finance.

Mutuum Finance is approaching $20 million in presale proceeds as it prepares to release a detailed V1 protocol update next week, outlining launch readiness, rollout sequencing, and the remaining presale timeline. The company confirmed that Halborn Security has completed an independent audit of its V1 lending and borrowing protocol, and the team is now preparing deployment on the Sepolia testnet, with mainnet launch expected after testing is complete. Mutuum Finance’s model centers on a non-custodial DeFi lending and borrowing platform, combining pooled Peer-to-Contract markets for standard activity with a Peer-to-Peer structure that allows users to set customized terms, including for higher-risk assets such as memecoins. The roadmap also includes future layers such as an overcollateralized stablecoin and multichain expansion, positioning the protocol to diversify its revenue and utility beyond a single lending product.

On the token side, Mutuum Finance reports raising roughly $20 million with more than 18,850 holders in its presale, which is currently in Phase 7 at a MUTM token price of $0.04 versus a stated launch price of $0.06. Of the 1.82 billion MUTM tokens allocated to the presale, over 830 million have been sold, tightening remaining supply as the presale progresses through its phases; pricing has already risen 300% from the Phase 1 level of $0.01 and is targeted to reach a 500% increase by launch. The company states that Phase 1 of its roadmap is complete and Phase 2 is nearing completion, with Phase 3 aligned to testnet preparation and deployment and Phase 4 intended to coincide with going live on mainnet around the time of token listing, emphasizing a launch with an operational product rather than a purely speculative token event. To sustain momentum and engagement during the final presale stages, Mutuum Finance is offering a $100,000 MUTM giveaway to 10 winners and a recurring 24-hour leaderboard that grants a $500 MUTM bonus to the top daily participant, as it seeks to convert strong fundraising traction and audit-backed progress into a synchronized token and protocol debut.