Mutuum Finance (MUTM) has raised $17.6 million and is moving toward testnet launch in Q4 2025.

Ethereum based Mutual Finance (MUTM) continues to make strides in the decentralized finance sector as we move toward the release of version 1 (V1) of the protocol on the Sepolia testnet, scheduled for Q4 2025. The project, which is building a non-custodial lending and borrowing ecosystem, has now raised more than $17.6 million through structured pre-sales and attracted more than 17,300 holders, indicating continued market interest in the development.

Roadmap and development progress

Mutuum Finance recently completed Phase 1 of its four-phase roadmap, marking an early milestone in its broader rollout plans. The completed stages included several key deliverables: launching pre-sales, launching educational materials explaining Mutuum’s ecosystem mechanisms, and forming a legal and compliance framework.

With Phase 1 complete, the project has now entered Phase 2, which focuses on expanding platform features, continued development, and preparing for the upcoming testnet debut. The team confirmed that: V1 Protocol It provides the foundation for Mutuum’s decentralized lending model, with essential components such as liquidity pools, mtTokens, debt tokens, and automated clearer bots.

Once launched, users will be able to lend and borrow assets such as ETH and USDT, with additional tokens expected to be supported in the future. Testnet releases serve as an important validation step prior to mainnet deployment, allowing for performance testing, community feedback, and further optimization.

Structured pre-sale and token performance

Mutuum Finance’s pre-sale was a notable element of its early momentum. The event follows a stage-based pricing model that attracts a growing community of participants through transparent progression and predictable token value growth.

The MUTM token launched at $0.01 in Phase 1 and is currently priced at $0.035 in Phase 6, an increase of 250% since launch. The final listing price is set at $0.06, representing a structured valuation model within a pre-sale framework.

To date, approximately 70% of Phase 6 has been sold, and in each subsequent phase the price will increase by approximately 20% in line with the token economics outlined in Mutuum’s public documentation. Of the total 4 billion MUTM token supply, 1.82 billion have been allocated for pre-sale, with approximately 770 million tokens already sold in the initial phase.

To boost engagement and maintain transparency during the pre-sale, Mutuum Finance has introduced a real-time dashboard that allows contributors to track their holdings and calculate potential returns based on token allocation.

The team also recently implemented a 24-hour leaderboard system designed to reward participation within the community. Top depositors each day receive a $500 MUTM allocation if at least one transaction is made during that period. Leaderboards reset daily at 00:00 UTC to increase visibility into consistent user activity and pre-sale contributions.

Long-term development and future utility

Following the testnet launch, Mutuum Finance’s roadmap includes several future plans aimed at expanding its functionality and ecosystem reach. Key future developments include Layer 2 integration to enhance scalability and reduce transaction costs, and the introduction of an overcollateralized 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 revenue back to the Mutuum treasury. The project also plans to expand to multiple chains, positioning itself within the growing multi-chain DeFi crypto environment.

The mtToken system, which represents deposit receipts that automatically increase in value as interest accrues, gives users access to transparent on-chain income-generating opportunities. Meanwhile, the purchase and distribution mechanism built into the platform model allocates a portion of the protocol fees to repurchase MUTMs on the open market and redistributes them to token stakers, strengthening long-term value circulation.

Mutuum Finance’s approach is one of a select group of new cryptocurrency projects that focus on real-world functionality rather than speculative momentum. The project’s progress comes at a time when decentralized finance continues to grow as a key sector in the wider cryptocurrency world, driven by demand for transparent and accessible alternatives to traditional lending.

With presales nearly complete, $17.6 million raised, and the development schedule on schedule, Mutuum Finance is positioned to transition from concept to operational testing before the end of the year.

To learn more about Mutuum Finance (MUTM), visit the link below.

Website: https://www.mutuum.com

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