DUBAI, United Arab Emirates, January 18, 2026 (GLOBE NEWSWIRE) — Mutuum Finance (MUTM)a new crypto project developing a lending protocol on Ethereum, has confirmed the completion of its Halborn Security audit as the roadmap enters Phase 2. The team also provided updates regarding the upcoming V1 launch and the structure of the ongoing token distribution.
Protocol overview
Mutuum Finance is building a decentralized lending system that will allow users to provision and borrow crypto assets via smart contracts. The protocol includes two lending environments. The first environment is a pooled market, in which multiple users contribute assets in shared liquidity and receive mtTokens that track both principal and yield. The second environment is a peer-to-peer market for assets that may not be suitable for the pooled structure. These peer-to-peer loans include collateral requirements, borrowing rates, and liquidation rules.
The multi-tenant environment is designed for popular and liquid assets, such as ETH, stablecoins, and major ERC-20 tokens. When users contribute assets to these pools, they receive mtTokens which represent their share of the pool. These tokens accrue interest as borrowers repay their debts. mtTokens can be subsequently exchanged for the underlying assets and accrued interest.
The peer-to-peer environment offers isolated lending structures. These loans require the borrower to provide collateral according to a defined loan-to-value (LTV) ratio. If the value of the collateral declines due to market volatility, liquidators can purchase the collateral at a discount to help maintain solvency. This two-track approach places Mutuum Finance in the crypto DeFi category focused on lending with risk management rather than informal loan matching.
Stablecoin and Layer-2 packages
Stablecoins are expected to play a central role once the protocol is operational. Borrowers can choose to take out stablecoin loans for predictable repayment results. This structure has become common on major lending platforms because it allows leveraged positions without the need to liquidate long-term holdings.
Mutuum Finance also indicated that future updates could extend to Layer 2 execution. Layer 2 networks can reduce gas costs and improve liquidation speed during price fluctuations. For lending systems, lower latency during liquidation events can prevent the accumulation of bad debt during rapid market movements.
Price accuracy is necessary for collateral valuation and liquidation triggers. The development team confirmed that the protocol will integrate Chainlink price feeds with backup data sources. This redundancy gives the system multiple channels of data during periods of volatility.
MUTM pre-sales and distribution structure
Mutuum Finance is also conducting a structured pre-sale for the MUTM token. Instead of a single open sale, distribution is divided into pricing phases. Each phase includes a fixed allocation and a fixed token price. When a phase is fulfilled, the price moves to the next level. This format provides transparency on entry levels and deadlines.
The token is currently selling for $0.04 in Phase 7. The public launch price has been set at $0.06. Participation expanded during the distribution window. The presale raised more than $19.8 million and exceeded 18,700 holders. So far, over 825 million tokens have been sold from the presale allocation.
Of the total supply of 4 billion tokens, 45.5% is dedicated to presale. The remaining supply will be allocated for liquidity, ecosystem development, and community programs once the protocol goes live. The presale also supports card payments and crypto-on-chain payments. A 24-hour leaderboard rewards the largest daily buyer with $500 worth of MUTM, something that helped maintain participation during later stages.
Halborn audit finalized
As part of phase 2, Mutuum Finance has completed an independent audit with Halborn Security. Halborn is a recognized firm in the DeFi auditing industry and has reviewed codebases related to collateralization, liquidation, and lending mechanisms across multiple protocols. The audit reviewed V1 loan logic, liquidation rules and interest rate functions. The completion of the audit places Mutuum Finance among new crypto projects preparing to move from development to testing.
In addition to the Halborn audit, the MUTM token was scanned by CertiK with a Token Scan score of 90/100. The project also opened a $50,000 bug bounty program designed to encourage reporting of vulnerabilities before mainnet deployment. This security posture aligns Mutuum Finance with other protocols that seek to reduce technical and operational risks before actual assets interact with the system.
Activation V1
Phase 2 of the roadmap includes several technical steps leading to the activation of V1. According to the team, the The V1 protocol is being prepared for deployment on the Sepolia testnet before mainnet release. The Testnet deployment will introduce live borrowing, lending, repayment and liquidation actions on a controlled network. Once testnet metrics stabilize, mainnet activation is planned for Q1 2026.
The launch of V1 is considered the functional stage of the protocol. After activation, users will be able to interact with lending pools and borrow assets against collateral using defined risk parameters.
Mutuum Finance’s progression through Phase 2 of the roadmap places the project among DeFi crypto platforms preparing for live use in 2026. With the Halborn audit finalized, testnet deployment underway, and advanced pre-sale distribution, the protocol is now moving from development to execution. For observers tracking new crypto projects entering the lending space, Mutuum Finance presents an example protocol moving beyond conceptual steps toward operational readiness.
For more information on Mutuum Finance (MUTM), visit the links below:
Website: https://www.mutuum.com
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