Mutuum Finance Nears Phase 2 Completion as Presale Funding Approaches $20 Million

New updates have been reported about Mutuum Finance.

Mutuum Finance is moving into a critical execution phase as it finalizes Phase 2 of its decentralized lending protocol on Ethereum and advances its token presale toward a $19.8 million funding milestone. The project is targeting traders and investors who want to borrow against long-term crypto holdings rather than sell them, with users able to supply assets for yield or post collateral to access liquidity once the protocol is live. Phase 2 covers development of core lending components, security audits, token distribution, and testnet preparation, and the team has confirmed that this stage is close to completion ahead of the Version 1 rollout. V1 is planned to launch first on testnet, enabling users to trial borrowing, lending, and liquidation mechanics in a controlled environment, followed by a mainnet launch that will generate real metrics such as borrowing volumes, yield levels, collateral parameters, and oracle performance—key data points for valuation and institutional assessment of DeFi lending platforms.

On the capital-raising side, Mutuum Finance has already attracted more than 18,800 investors through a structured presale, with the MUTM token currently priced at $0.04 in Phase 7 and a confirmed listing price of $0.06. The presale began in early 2025 at $0.01, implying a 300% price increase through successive stages, with each stage having a defined allocation and price step-up designed to give investors clear entry points and predictable valuation. The total supply of MUTM is 4 billion tokens, of which 45.5% (about 1.82 billion) is earmarked for presale, and ongoing sales are gradually tightening available supply as tokens move into user wallets. Mutuum has also enabled card payments to reach less technical users, contributing to a broader holder base that may help reduce concentration risk and support future liquidity once the protocol is active. With Phase 2 nearing completion, V1 testnet deployment approaching, and presale allocations diminishing, Mutuum Finance is positioning itself for heightened market visibility and a shift from narrative-driven to usage-driven valuation as it heads toward its anticipated Q3 launch window.