Mutuum Finance Nears Completion of Phase 2 as Presale Tops $19.5 Million Ahead of Q1 2026 Testnet

New updates have been reported about Mutuum Finance.

Mutuum Finance is entering the final stage of its Roadmap Phase 2, moving from pure build-out toward public testing of its decentralized lending protocol, while simultaneously advancing a large-scale token presale. The company’s Phase 2 work has focused on core engineering, token infrastructure, and security, culminating in a planned Q1 2026 testnet launch of its V1 protocol on Sepolia. This first version will introduce the full lending stack, including collateral rules, liquidation mechanisms, borrowing interfaces, mtToken accounting, and debt logic, allowing Mutuum to validate execution quality, user flows, and risk controls before progressing to the next roadmap phase. At the heart of the protocol is a dual-market design that combines a pooled liquidity market, where users supply assets and receive mtTokens that track capital and yield growth, and a direct matching market that pairs borrowers and lenders under defined collateral and liquidation parameters intended to maintain solvency through volatility.

Strategically, Mutuum is positioning itself to extend its lending model with an overcollateralized stablecoin that can be minted against held assets, providing users with liquidity without forcing asset sales and potentially generating more stable, long-duration fee streams. Supporting infrastructure includes oracle price feeds to underpin liquidation triggers, which are critical for risk management in volatile crypto markets. On the security front, Mutuum reports multiple reviews, including an independent audit by Halborn Security and a 90/100 token scan score from CertiK, placing emphasis on robustness ahead of public deployment. Financially, the project’s MUTM token presale has raised more than $19.5 million from over 19,300 holders, with pricing advancing from $0.01 at inception in early 2025 to $0.04 in the current Phase 7, implying a 300% appreciation toward a targeted $0.06 launch price. Of the 4 billion total MUTM supply, 45.5% (about 1.82 billion tokens) is allocated to the presale and roughly 830 million have already been distributed, indicating substantial early participation as Mutuum prepares to transition from development to active DeFi lending operations.