Mutuum Finance (MUTM) says it has completed Phase 1 of its roadmap. The team describes the update as a step from planning to execution, during the project’s ongoing token sale.
According to figures shared by the project, Mutuum Finance has raised about $18.6 million across its token-sale phases so far. The project states that, in its current Phase 6, the token price is $0.035 and 87% of a 170 million-token allocation for that phase has been sold, with more than 17,800 addresses holding tokens. The team also says the next phase would price the token at $0.040.
Roadmap milestones and disclosures
The project says Phase 1 included launching the token sale and related marketing activity, and that its smart contract underwent an external audit. It also states it has been listed on token-tracking platforms.
Mutuum Finance also describes operational work completed so far, including an AI-powered helpdesk, legal and compliance support, and educational content explaining how the protocol is intended to function.
Mutuum Finance says it has moved into Phase 2, which it describes as focused on building and refining core components of its lending protocol. The team says this includes development of smart contracts, a front-end DApp interface, and back-end infrastructure, alongside ongoing code reviews and implementation of risk parameters and analytics tooling.
Protocol design overview
Mutuum Finance describes a dual-lending system combining Peer-to-Contract (P2C) and Peer-to-Peer (P2P) models. In the P2C model, users would be able to deposit assets such as ETH or USDT into liquidity pools and receive mtTokens representing their position, which the project says could also be used as collateral for borrowing.
In the P2P model, the project says users would be able to set up direct lending agreements with terms defined between parties. As with other DeFi lending designs, outcomes can vary based on usage, market conditions, protocol parameters, and smart-contract risk.
Mutuum Finance says it plans to roll out Version 1 of the protocol on the Sepolia testnet in Q4 2025, introducing liquidity pools, mtTokens, debt tokens, and an automated liquidator bot. The team says testnet functionality would include lending and borrowing with ETH or USDT as collateral.
The project says a testnet release is intended to allow users to trial features and provide feedback before any mainnet deployment. Any future token demand, usage, or price impact remains uncertain.
The team also says MUTM would be used for certain actions on the platform, and that protocol revenue could be used for open-market buybacks with distributions to mtToken stakers. These mechanisms are project-described and may change over time.
Marketing activity and security notes
Mutuum Finance has promoted community-growth campaigns such as giveaways and participation leaderboards, alongside updates posted on its social channels.
On security, the project says it has been reviewed by CertiK, and it has referenced a Token Scan Score of 90.00 and a Skynet Score of 79.00. The team also describes a $50,000 bug bounty program intended to encourage reporting of potential vulnerabilities.
What to watch next
Mutuum Finance’s Phase 1 completion is being presented by the team as progress against its published roadmap. Readers should note that token-sale structures, future deliverables, and timelines can change, and DeFi protocols can carry significant technical and market risks.
Project website (for reference): https://www.mutuum.com
This article is for informational purposes only and does not constitute financial or investment advice. This outlet is not affiliated with the project mentioned.
