Mutuum Finance’s Big Move: They’re Almost Ready to Not Screw It Up

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So, guess what? DeFi cryptocurrency Mutuum Finance just rolled out its V1 protocol on the Sepolia testnet. Yeah, that’s right-now you can finally see how their lending and borrowing system works. And in case you were wondering, they’re promising even more features next week. Because apparently, “we’re not done yet” is their new motto.

Mutuum Finance Protocol Upgrade

In their latest update on X (no, not Twitter, get with the times), they said they’re busy working on some shiny new features. They’re also tweaking some boring things like the Stability Factor. You know, just some minor adjustments while they iron out the wrinkles. A new protocol feature is on the way next week, so buckle up for that excitement.

Oh, and they’ve raised over $20.6 million-because apparently, people just throw money at DeFi projects for fun these days. Plus, they’ve got over 19,000 people holding their MUTM token, which is currently worth, drumroll… $0.04. Sounds like a deal, right? And if you were wondering, their Sepolia testnet version of the lending protocol has surpassed $90 million in simulated value. Yup, that’s not real money, but hey, it’s still a big number.

Lending and Borrowing with Mutuum Finance

In the current beta version (you know, the one that’s not quite ready for prime time), users can poke around with the core functionality of the protocol. You can check out the total liquidity, available liquidity, and total variable debt-because that’s everyone’s favorite thing to look at in their free time. Right now, they support four assets: ETH, USDT, LINK, and WBTC. So, you can mess with those and, maybe, just maybe, make a little profit. They even have mtTokens-yeah, like “meta” tokens, I guess? Whatever that means, they’re your proof of deposit.

So, here’s how it works: deposit your precious USDT, and you’ll get mtUSDT in return. Congratulations! Let’s say you pop in $10,000 worth of USDT. With an APY of, I don’t know, 4-5%, you’ll make, like, $400 to $500 in a year. That’s right, folks-passive income. The kind of income that doesn’t require you to do anything, except, you know, wait for it to happen.

If you’re more of a “borrower” than a “lender” (and let’s face it, who isn’t?), you can use your assets as collateral. Yeah, you won’t have to sell your ETH for cash if you don’t want to. Instead, you can use it as collateral to borrow some USDT. Spend that however you want-maybe on more ETH or, I don’t know, just keep it in your wallet for fun. Pay it back with interest, and then you get your ETH back. That’s how lending works, in case you weren’t sure.

Audited Protocol

Now, you might be wondering, “Is this thing even safe?” Well, don’t worry! They’ve undergone a security audit by Halborn, who’s done audits for some big players, like Solana. So, it’s not like they just went ahead and trusted some random guy on the internet to check their code. Also, their MUTM token smart contract got a Token Scan score of 90 out of 100 from CertiK. Not bad, I guess.

And because they’re really, really concerned about security (or maybe just want to keep the hackers at bay), they’ve set up a bug bounty program with up to $50,000 in rewards. Because who doesn’t love some extra cash for finding bugs, right?

The total supply of MUTM is capped at 4 billion tokens. So, yeah, don’t get too excited. They’ve also got some tokens set aside for things like giveaways, leaderboard bonuses, and who knows what else. It’s all about keeping you engaged, folks.

So, there you have it. Mutuum Finance is moving forward with its lending and borrowing protocol. They’ve got more features coming, they’re doing all the security checks, and they’re making sure everything’s running smoothly before they go full throttle. Stay tuned. Or don’t. Whatever.

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2026-02-26 07:30