Mutuum Finance Advances to Mainnet with V1
DeFi protocol Mutuum Finance (MUTM) has introduced its V1 protocol as it moves toward its mainnet deployment. The project is now entering the second phase of its roadmap, which focuses on core features like decentralized lending and borrowing with robust risk controls.
- The V1 protocol operates on a dual-market structure, featuring a Peer-to-Contract (P2C) model where users contribute to liquidity pools, and a Peer-to-Peer (P2P) system that allows for direct lending with customized terms. - To ensure security, the protocol's smart contracts have undergone audits by independent firms CertiK and Halborn Security. A $50,000 bug bounty program is also in place to encourage ongoing security testing. - When users supply assets to the platform's liquidity pools, they receive "mtTokens," which are yield-bearing tokens that represent their share and accrue value as borrowers pay interest. - The protocol's roadmap includes future integration of a native overcollateralized stablecoin and expansion to Layer-2 solutions to decrease transaction costs and improve scalability. - The native token, MUTM, has a total supply of 4 billion, with 45.5% allocated to a multi-phase presale. - As of late February 2026, the project's presale has raised over $20.6 million from more than 19,000 participants. - A "buy-and-distribute" mechanism is planned, where a portion of protocol fees will be used to purchase MUTM on the open market and redistribute it to users who are staking their assets. - The V1 protocol is currently active on the Sepolia testnet, allowing users to interact with its core features using test tokens for assets like ETH, USDT, WBTC, and LINK before the mainnet launch.
