The decentralised finance (DeFi) protocol Mutuum Finance (MUTM) has taken a significant step forward in its development, raising over US$16 million in its ongoing presale and preparing for a 14.3% price increase as it moves toward its launch phase.
The announcement marks growing investor interest in the DeFi space and highlights Mutuum’s ambition to become a noted player among Ethereum‐based lending and borrowing platforms.
Mutuum Finance launched its presale in multiple stages, and has now reached Stage 6 with the price of MUTM tokens at US$0.035. The platform has so far completed five earlier phases in the presale cycle.
By comparison, at the very first phase of the presale, tokens were sold at just US$0.01, meaning the price has risen by more than 250 %. A planned launch price of US$0.06 would represent a cumulative increase of about 500 % from the initial level.
To date, more than 720 million tokens have been sold, and over 16,350 token holders have joined since early 2025.
Mutuum’s protocol is built around two complementary markets:
A peer-to-contract (P2C) system, in which users deposit assets into liquidity pools and borrowers draw from those pools. Interest rates here fluctuate based on how much of the pool is being used.
A peer-to-peer (P2P) model where borrowers can negotiate stable interest rates by matching directly with lenders. These rates tend to be higher but provide predictability, insulating participants from volatility.
Depositors into either market receive “mtTokens” a one-to-one token representation of the underlying asset (for example, depositing three ETH yields three mtETH), which accrue interest passively.
Mutuum also operates a buy-and-distribute model: part of platform fees are used to repurchase MUTM tokens from the open market, which are then redistributed to participants who stake their mtTokens. This connects platform usage with token demand.
Mutuum Finance has emphasised its commitment to security and transparency. It recently underwent a CertiK audit, earning a strong Token Scan score of 90 /100. The project has also established a bug bounty programme, with US$50,000 in rewards, spanning multiple severity levels to encourage disclosure of vulnerabilities.
According to the roadmap, upcoming steps include the launch of a native stablecoin and expansion across multiple blockchains. The protocol is built on Ethereum and operates in a non-custodial format, allowing participants to maintain control of their assets through smart contracts.
Features such as mtTokens, staking rewards, and the buy-and-distribute mechanism are designed to connect platform activity with token circulation. The pre-sale rise from US$0.01 to US$0.035, and nearing US$0.06 at launch reflects strong demand for DeFi assets with robust design and clear incentives.
For participants, the ranking system for its top holders offers additional allocations for launch, while a recent US$100,000 giveaway split among ten winners getting US$10,000 each in MUTM tokens, further boosts public engagement.
As with many DeFi projects, risks remain — including regulatory scrutiny as governments worldwide step up oversight of digital assets, potential vulnerabilities in smart contracts that have previously led to multimillion-dollar hacks, and the broader volatility of cryptocurrency markets.
While Mutuum Finance has sought to address these concerns through a CertiK audit and a US$50,000 bug bounty programme, such measures only offer partial safeguards.
The real measure of the platform’s resilience will come once it moves beyond presale into full launch, where it must withstand live trading conditions, cyber-security threats and shifts in investor sentiment.
As the presale continues, Mutuum Finance is preparing for its platform launch, which will introduce lending and borrowing functionality at release and outline a roadmap for future development.
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