Dubai, UAE, December 2nd, 2025, FinanceWire
Mutuum Finance (MUTM), a decentralized lending and borrowing protocol in development, announced that its core smart contracts have been finalized and are now under formal review by blockchain security firm Halborn Security. This marks a key milestone for the project as it moves toward its planned Q4 2025 V1 testnet launch.
Smart Contracts Finalized and Under Formal Audit
In an update shared on its official X account, the Mutuum Finance team confirmed that the protocol’s primary lending and borrowing contracts are complete and undergoing independent analysis:
“Independent audit in progress. HalbornSecurity is reviewing Mutuum’s lending & borrowing contracts. Code is finalized and under formal analysis. We’ll provide regular updates and confirm the testnet launch window soon.”
This announcement signals that Mutuum Finance has entered a pre-launch security phase, where Halborn is examining the finalized codebase for potential vulnerabilities, logic issues and implementation risks. The audit covers the smart contracts responsible for core functions such as collateral deposits, borrowing, interest accrual, and liquidations.
The Halborn review follows a successful audit by CertiK, where Mutuum Finance received a 90/100 Token Scan score. Together, the two security engagements are intended to provide multiple layers of verification before the protocol is introduced on a public testnet.
The team reiterated that once the Halborn process advances further, it will share additional updates and confirm the exact launch window for the V1 testnet on Sepolia, scheduled for Q4 2025.
What Mutuum Finance Is Building
Mutuum Finance is developing a non-custodial DeFi lending platform designed to allow users to lend and borrow cryptoassets through smart contracts rather than intermediaries. The protocol combines two complementary lending models:
- A Peer-to-Contract (P2C) architecture, where users supply assets such as ETH or stablecoins into pooled liquidity markets and receive mtTokens in return. These mtTokens increase in redeemable value as borrowers repay interest, giving depositors yield tied to real protocol activity.
- A Peer-to-Peer (P2P) layer, which will support isolated lending deals for more volatile or niche assets, including tokens like SHIB or DOGE, without exposing the main pools to additional risk.
By blending pooled markets and isolated positions, Mutuum Finance aims to support a wide range of assets and strategies while keeping core risk parameters controlled at the protocol level.
The upcoming V1 testnet release is expected to showcase the foundation of this system, including the liquidity pool, mtToken mechanics, debt-tracking logic, automated liquidations, and initial support for ETH and USDT as collateral and borrowable assets.
Presale Performance and Current Phase
Alongside its technical progress, Mutuum Finance continues to advance through its presale structure.
The MUTM token launched in early 2025 at $0.01 in Phase 1 and has since moved through multiple phases to reach a current price of $0.035 in Phase 6—a 250% increase from the starting level. According to the project’s tokenomics, the launch price is set at $0.06, placing the current phase at nearly 2x below the intended listing level.
From the 4 billion total token supply, 1.82 billion MUTM (45.5%) have been allocated to the presale. More than 800 million tokens have already been sold across earlier stages, indicating that nearly half of the presale allocation is in the hands of early participants.
Phase 6 is now approaching full allocation, with only a limited amount of supply remaining at $0.035. Once the phase concludes, the presale will transition into Phase 7, where the token price is scheduled to increase by 20%, from $0.035 to $0.04.
To support accessibility, Mutuum Finance has introduced card payments, enabling users to purchase MUTM directly without first acquiring crypto on an exchange. The project also runs a 24-hour leaderboard, where the top contributor each day receives $500 in MUTM, helping sustain daily engagement during the presale.
To date, Mutuum Finance has raised nearly $20 million and onboarded over 18,300 holders, reflecting steady interest for a protocol that is still in the testnet preparation stage.
Future Development and Platform Economics
Beyond V1 and the current audit stage, Mutuum Finance’s roadmap outlines several additional development initiatives:
- An on-demand USD-pegged stablecoin, minted and burned via the lending engine, designed to support over-collateralized borrowing and provide a stable unit of account within the protocol.
- A buy-and-distribute mechanism, where a portion of protocol revenue is used to buy MUTM on the open market and redistribute it to users who stake mtTokens in the Safety Module.
- Planned Layer-2 expansion, aimed at reducing transaction costs and improving execution speed for lending, borrowing and liquidations.
These components are intended to strengthen long-term token utility and tie protocol growth more closely to ecosystem participation.
With smart contract finalization confirmed and the Halborn Security audit actively progressing, Mutuum Finance has entered a critical pre-testnet phase in its development. Combined with a near-complete Phase 6 presale at $0.035, a defined launch price of $0.06, and a Q4 2025 V1 testnet on the horizon, the project is moving through a series of concrete milestones that will shape its path toward full platform release.
About Mutuum Finance (MUTM)
Mutuum Finance (MUTM) is a decentralized lending and borrowing protocol focused on delivering transparent, non-custodial access to on-chain liquidity. The platform combines pooled lending markets, P2P lending options, and mtToken-based yield mechanisms, with a long-term economic model that includes a buy-and-distribute system and stablecoin integration. Mutuum Finance has completed an audit with CertiK and is currently undergoing a full smart contract review by Halborn Security as it prepares for its V1 testnet launch on Sepolia in Q4 2025.
For more information about Mutuum Finance (MUTM), users can visit the links below:
Website: https://www.mutuum.com
Linktree: https://linktr.ee/mutuumfinance