Mutuum Finance Hits Phase 2 as V1 Testnet Launch Approaches
Mutuum Finance just kicked off Phase 2, leaving the planning stage behind.
Quick overview
- Mutuum Finance has launched Phase 2, focusing on technical development and preparing for the V1 Testnet on Sepolia in Q4 2025.
- The team is currently writing smart contracts, defining risk parameters, and ensuring code security through regular audits.
- The presale has raised over $18.4 million, with strong demand leading to a nearly 300% gain for early buyers.
- Mutuum is also developing a stablecoin pegged to the U.S. dollar, with plans for a Liquidity Pool system to facilitate lending and borrowing.
Mutuum Finance just kicked off Phase 2, leaving the planning stage behind. The team’s now writing smart contracts and tweaking risk parameters ahead of the V1 Testnet launch on Sepolia, set for Q4 2025. Phase 2 is all technical work, coding contracts, building out the DApp’s interface and backend, and setting up the infrastructure and analytics systems. The team’s building out a stable foundation before moving to public testing.
Internal and external auditors are reviewing code regularly, checking that everything meets security and performance standards. The development team is also defining risk parameters that’ll shape how lending and borrowing work. Things like collateral ratios, reserve factors, and asset limits determine how the system handles liquidity and protects deposits.
The roadmap has three phases. Phase 1 laid the groundwork with the presale launch, marketing expansion, legal and compliance team formation, and a CertiK smart contract audit. Phase 2 focuses on core technology. Phase 3 will handle bug reporting, testnet beta trials, and security reviews before the public testnet goes live.
The presale has pulled in strong numbers. MUTM launched at $0.01 in Phase 1 and sits at $0.035 in Phase 6 now. That’s close to a 300% gain for early buyers. The sale has raised over $18.4 million, brought in 17,750 holders, and sold more than 790 million tokens. About 45.5% of the 4 billion token supply is set aside for presale. Phase 6 is over 85% filled already.
Mutuum’s CertiK audit came back with a 90/100 score on TokenScan. There’s also a $50,000 bug bounty up for grabs, the team’s paying researchers to find security issues before launch. A 24-hour leaderboard rewards the top daily presale buyer with $500 in MUTM tokens.
The protocol will use a Liquidity Pool system where depositors earn returns through mtTokens, which are interest-bearing tokens. Borrowers can access liquidity by locking collateral, with loan-to-value ratios and liquidation thresholds enforced automatically by smart contracts.
Mutuum is also building a stablecoin pegged to the U.S. dollar. Interest revenue from lending will flow into the treasury to maintain stablecoin reserves and support long-term platform health. Oracle integrations from established providers will handle accurate asset pricing and real-time liquidation updates.
The V1 Testnet on Sepolia will be the first time users interact with Mutuum’s lending and borrowing mechanics in a live setting.
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