Based on Ethereum Mutuum Finance (MUTM) continues to make progress in the decentralized finance sector as it moves toward the launch of its version 1 (V1) protocol on the Sepolia testnet, scheduled for Q4 2025. The project, which is building a non-custodial lending and borrowing ecosystem, has now raised over $17.6 million through its structured presale and attracted over 17,300 holders, reporting the constant interest of the market in its development.
Development Roadmap and Progress
Mutuum Finance recently completed Phase 1 of its four-stage roadmap, marking a first step in its broader rollout plan. The completed milestone included several key deliverables such as launching pre-sale operations, launching educational materials describing the mechanics of the Mutuum ecosystem, and forming a legal and compliance framework.
With Phase 1 finalized, the project has now entered Phase 2, which focuses on expanding the platform’s functionality, continuing development, and preparing for the testnet’s upcoming debut. The team confirmed that Protocol V1 will include core components such as liquidity pools, mtTokens, debt tokens, and automated liquidator bots, forming the basis of Mutuum’s decentralized lending model.
At launch, users will be able to lend and borrow assets such as ETH and USDT, with additional tokens expected to be supported later. The testnet release will be an important validation step before mainnet deployment, allowing for performance testing, community feedback and further optimization.
Structured presale and token performance
The Mutuum Finance pre-sale was a notable factor in its initial momentum. The event follows a phased pricing model, which has attracted a growing community of participants through transparent progression and predictable increases in token value.
The MUTM token launched at $0.01 in Phase 1 and is currently priced at $0.035 in Phase 6, reflecting a 250% increase since its inception. The final listing price is set at $0.06, indicating a structured appreciation model within the presale.
So far, around 70% of Phase 6 has been sold, and with each subsequent milestone, the price will increase by around 20%, in line with the tokenomics described in Mutuum’s public documentation. Out of a total supply of 4 billion MUTM tokens, 1.82 billion have been allocated to the presale, with around 770 million tokens already sold in previous stages.
To improve participation and maintain transparency during the presale, Mutuum Finance introduced a real-time dashboard that allows contributors to track their holdings and calculate potential returns based on token allocation.
Additionally, the team recently implemented a 24-hour leaderboard system designed to reward engagement within the community. Each day, the main depositor receives a MUTM allocation of $500, provided that at least one trade is made during the period. The leaderboard resets daily at 00:00 UTC, promoting consistent user activity and visibility into pre-sale contributions.
Long-term development and future utility
Following the launch of the testnet, Mutuum Finance’s roadmap includes several upcoming initiatives aimed at expanding its functionality and the reach of its ecosystem. Key future developments include the integration of Layer 2 to improve scalability and reduce transaction costs, as well as the introduction of an over-collateralized stablecoin pegged to the US dollar.
This stablecoin will play a central role within the ecosystem by facilitating more efficient lending and borrowing operations and channeling interest income into the Mutuum treasury. The project also plans to expand across multiple chains, positioning itself in the growing multi-chain DeFi crypto environment.
Through its mtToken system, which represents deposit receipts that automatically increase in value as interest increases, users will have access to transparent on-chain revenue generation opportunities. Meanwhile, the purchase and distribution mechanism, integrated into the platform model, will allocate a portion of the protocol fees to redeem MUTM on the open market and redistribute it to token investors, thereby strengthening the circulation of value in the long term.
Mutuum Finance’s approach places it among a select group of new crypto projects focused on real functionality rather than speculative momentum. The project’s progress comes at a time when decentralized finance continues to grow as a core segment of the broader cryptocurrency world, driven by demand for transparent and accessible alternatives to traditional lending.
With its pre-sale nearing completion, $17.6 million raised and development milestones on schedule, Mutuum Finance is well positioned to move from concept to operational testing before the end of the year.
For more information on Mutuum Finance (MUTM), visit the links below:
Website: https://www.mutuum.com
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