Mutuum Finance Launches Non-Custodial Lending Protocol, Raises $19.6M in Presale
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Successful Presale: Mutuum Finance raised $19.6 million during its presale phase, attracting approximately 18,700 holders, indicating strong market interest in its non-custodial lending protocol, which is expected to drive future user growth and market confidence.
- Price Surge: The price of the MUTM token increased from $0.01 to $0.04 in the seventh phase of the presale, marking a 300% rise, which reflects growing investor confidence and could further elevate prices upon official launch.
- V1 Progress: Mutuum Finance plans to launch V1 on the Sepolia testnet and then on the mainnet, featuring core components such as a liquidity pool, mtToken, and debt tokens, which are expected to enhance user experience and promote widespread adoption of the protocol.
- Security Assurance: The protocol received a CertiK security rating of 90/100 and underwent independent auditing by Halborn Security, alongside a $50,000 bug bounty, ensuring thorough security testing before larger-scale applications.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
