Mutuum Finance Raises $15.8M as Presale Heats Up, Holders Surge Past 16K

Mutuum Finance (MUTM), a decentralized lending and borrowing protocol built on Ethereum, has raised more than $15.8 million in its ongoing presale as Phase 6 reaches 40% completion. The platform has already onboarded over 16,300 holders, signaling strong early traction in a sector dominated by long-standing DeFi incumbents.

Mutuum is positioning itself as more than just another token launch. At its core, the protocol seeks to deliver non-custodial credit markets that allow users to earn yield on idle assets or unlock liquidity against their holdings without intermediaries. By over-collateralizing loans, Mutuum ensures that borrowers retain ownership of their assets while accessing liquidity, a model already proven in DeFi but one that the team believes can be refined with its dual-market design.

The MUTM token, an ERC-20 asset with a fixed supply of 4 billion, is central to Mutuum’s ecosystem. Up to 45% of the supply is allocated to a tiered presale structure, with the price increasing at each phase. Early investors who entered at $0.01 during Phase 1 have already seen paper gains of 250%, with the current Phase 6 price at $0.035. The token is expected to list publicly at $0.06.

Mutuum’s roadmap extends beyond token sales. The team has announced plans for an over-collateralized, USD-pegged stablecoin designed to enhance platform liquidity and provide users with more borrowing and lending options.

Mutuum’s lending protocol distinguishes itself with a two-track model:

• Peer-to-Contract (P2C): A pooled liquidity model where users deposit assets into shared smart contracts. Borrowers can access funds instantly, while rates adjust dynamically based on utilization. The design mirrors existing DeFi money markets but aims to streamline execution for major assets like ETH and USDC.
• Peer-to-Peer (P2P): A customized lending framework where users set terms such as collateral ratio, loan size, interest rate, and duration. Each loan is isolated in its own vault, minimizing contagion risk. This model is geared toward niche tokens and tailored lending structures that do not fit standard pools.

Together, the dual system aims to appeal to both retail lenders seeking simplicity and advanced users looking for customizable risk management.

Phase 1 of the project’s roadmap has been completed, with the lending engine now moving into public testnet. Developers and early users will be able to trial the lending and borrowing flows, while independent auditors review contracts before mainnet launch.

Future milestones include a Layer-2 rollout for cost efficiency, the launch of the USD-pegged stablecoin, and a “buy-and-distribute” program that will use protocol revenues to repurchase MUTM and redistribute it to stakers.

Editorial Note: This news article has been written with assistance from AI. Edited & fact-checked by the Editorial Team.

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