DUBAI, United Arab Emirates, December 9, 2025 (GLOBE NEWSWIRE) — Mutuum Finance (MUTM)a developing project in the DeFi crypto sector, has released a new update on the ongoing progress of its roadmap. The team confirmed that Phase 2 development milestones are progressing as planned and that Halborn Security is continuing its review of the protocol’s lending and borrowing agreements. The project has also reported steady pre-sales activity as it prepares for the next V1 testnet scheduled for Q4 2025.
Mutuum Finance and its double loan design
Mutuum Finance is building a decentralized lending system with two connected lending marketplaces. The first marketplace allows users to lend assets such as ETH or USDT. When they lend, they receive mtTokens. The value of these mtTokens increases as borrowers repay the interest. The goal is to create a yield that reflects actual protocol activity rather than fixed rewards.
The second market focuses on more flexible borrowing interactions. Borrowers can open positions at variable rates that adjust based on liquidity. When the reserve is full, borrowing remains more affordable. When liquidity tightens, rates rise. Loan-to-value limits determine the amount of collateral borrowers must maintain. If a position becomes dangerous, part of the collateral may be liquidated. Liquidators repay part of the borrower’s debt and receive collateral at a discount. This structure aims to support a stable and predictable lending environment.
According to the development teamthese two markets will work together in V1. The design aims to balance liquidity, protect lenders and give borrowers reliable access to credit without significant price fluctuations.
mtTokens and their role in the protocol
Mutuum Finance plans to make mtTokens the central part of its yield model. mtTokens increase in value when borrowers repay interest. A user who contributes ETH or USDT to the protocol will receive mtTokens that reflect the growth of the pool. The team says this approach will enable returns tailored to user activity and make lending more predictable.
The mtToken model is also linked to the long-term vision of Mutuum Finance. As the protocol grows, new features will leverage the growing value of mtTokens. The design aims to reduce reliance on external incentives and encourage liquidity providers to participate through actual loan demand.
Presale activity and token distribution
Mutuum Finance began its token sale in early 2025 at a starting price of $0.01. The token now stands at $0.035. The project raised $19.2 million and has more than 18,300 porters. These figures indicate constant demand during the development phase. More than 810 million tokens have been purchased so far.
MUTM’s supply is capped at 4 billion tokens. Of this total, 1.82 billion tokens are allocated for the presale. This equates to 45.5% of all MUTM tokens. The team designed this structure to distribute ownership among a broad user base before the first version of the protocol went live.
Daily activity within the presale continues through the 24-hour ranking of the project. The top daily contributor receives $500 in MUTM. The project also supports card payment, making it accessible to new users who prefer not to handle wallet transfers during onboarding.
Phase 2 Development Update
The team confirmed that Mutuum Finance has completed several Phase 2 development milestones. These updates include contract refinements, interface adjustments, risk parameter tuning, collateral behavior improvements, and new analytics tools. These components prepare the protocol for the next testnet and help ensure that basic lending operations work correctly under different conditions.
Phase 2 also includes work on surveillance systems. These systems will allow users to track borrowing activity, liquidation events and interest changes once V1 is active. The team said these tools will promote transparency and allow users to understand how the protocol responds to market developments.
Halborn Security Review
Halborn Security continues its investigation loan and borrowing contracts. The audit focuses on liquidation logic, loan-to-value ratio parameters, interest calculation and collateral management. The Halborn review is considered one of the key stages in preparing the platform for testing.
Mutuum Finance also carried out a CertiK audit, obtaining a Token Scan score of 90/100. The audit assessed contractual behavior, risk exposure and potential vulnerabilities. A $50,000 bug bounty is active so developers can identify issues that standard audits might miss. These review levels are intended to build trust before actual user activity begins.
Stablecoin plans and layer 2 expansion
Mutuum Finance is preparing a USD-indexed stablecoin that will be backed by borrowers’ interests. The stablecoin is expected to be one of the primary borrowing and lending assets. Stablecoins often help lending platforms grow because they eliminate the risk of volatility for users who prefer stable collateral.
The project also intends to expand across multiple Layer 2 networks. L2 scaling will reduce transaction costs and improve speed. Lending protocols rely on frequent updates of borrowing positions, so lower costs can help the protocol attract more users once V1 is active.
The protocol will use Chainlink as its primary Oracle provider. Chainlink feeds will provide data on the prices of collateral and borrowed assets. Backup Oracle sources are also part of the design. Comprehensive pricing will help reduce the risk of incorrect liquidations and enable more accurate valuation of collateral.
Mutuum Finance continues to report steady progress on its roadmap. Phase 2 updates, security reviews, and pre-sale engagement show that the project is heading towards its Q4 V1 launch. With the dual lending market, mtToken yield, stablecoin integration, Oracle layers, and future Layer 2 expansion, the project is positioning itself as the next emerging crypto contender in the DeFi space.
For more information on Mutuum Finance (MUTM), visit the links below:
Website: https://www.mutuum.com
Link tree: https://linktr.ee/mutuumfinance
