Mutuum Finance (MUTM) to Share V1 Protocol Update Next Week as Presale Nears $20M - Coinedict

Mutuum Finance (MUTM) is preparing to release new updates about its V1 lending protocol next week, as the project continues gaining traction in its ongoing presale. The team says it has now raised $19.8 million and is finishing final preparations ahead of launch.

According to recent posts shared on X, Mutuum Finance confirmed several key milestones, including an independent security audit completion and testnet deployment plans.

Halborn Audit Completed Ahead of Testnet Rollout

One of the biggest updates from the project is that Halborn Security has completed an independent audit of Mutuum Finance’s V1 lending and borrowing smart contracts.

The team also stated that V1 is being prepared for deployment on the Sepolia testnet, which will allow users to test core features in a live environment before the protocol moves toward mainnet finalization.

Mutuum Finance said a detailed V1 protocol update will be shared next week, which may give the clearest view yet of what the first release will include and how close the project is to launch readiness.

MUTM Presale Nears $20M With Phase 7 Pricing at $0.04

Mutuum Finance reports that its presale is approaching the $20 million mark, with more than 18,800 holders participating so far.

The token is currently in Phase 7, priced at $0.04, while the team has confirmed a launch price of $0.06. The presale allocation is also filling quickly, with over 830 million tokens sold out of the 1.82 billion allocated for the presale.

Roadmap Progress and Utility-at-Launch Focus

Mutuum Finance describes its rollout in phases, stating:

• Phase 1 is completed
• Phase 2 is nearing completion
• Phase 3 focuses on testnet deployment readiness
• Phase 4 targets platform launch alongside token release

This strategy is designed to give the token immediate real-world utility, rather than relying only on post-launch promises.

What Mutuum Finance Plans to Include in V1

For its initial release, Mutuum Finance has outlined core components expected on the Sepolia testnet, with early markets starting with ETH and USDT, including:

• Liquidity pool system for lending and borrowing
• mtTokens for lenders to track deposited positions
• Debt tokens representing loan obligations
• Liquidator bot to enforce collateral rules
• Lending/borrowing and collateral flows for ETH and USDT

Security and Presale Incentives

Alongside the Halborn audit milestone, Mutuum Finance has also referenced other security signals, including a CertiK Token Scan score of 90/100.

The project is also running presale incentives such as:

• a $100,000 giveaway (10 winners)
• a daily 24-hour leaderboard reward offering a $500 MUTM bonus to the top contributor

Conclusion

With a completed Halborn audit, a Sepolia testnet release in progress, and a full V1 protocol update scheduled for next week, Mutuum Finance is entering a key stage of public development visibility. At the same time, presale momentum remains strong, with nearly $20 million raised and Phase 7 pricing still active before launch.