Mutuum Finance (MUTM), a decentralized, non-custodial lending and borrowing protocol, reported $100,000 in presale inflows over the last 48 hours as it advances toward its Version 1 rollout. The project says it is currently in Presale Phase 7, with total presale funding reported at over $19.8 million and more than 18,800 holders participating.
In its update, Mutuum noted that Halborn completed an independent audit of the V1 lending and borrowing protocol, and that Sepolia testnet deployment is planned ahead of mainnet finalization. The team outlined V1 components including the Liquidity Pool, mtToken, Debt Token, and Liquidator Bot, with initial assets expected to include ETH and USDT.
Mutuum also reported a CertiK Token Scan score of 90/100 and a presale distribution of over 830 million MUTM sold from a total allocation of 1.82 billion, with a $100,000 giveaway to ten winners ($10,000 each). The presale progressed from Phase 1 at $0.01 to Phase 7 at $0.04, with a launch price of $0.06. The roadmap indicates Phase 4 includes the token listing and platform release occurring at the same time. This structure could increase the chances of listings on major exchanges, as the platform would be live when trading begins.
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