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2d ago

Mutuum Finance Launches V1 on Sepolia Testnet, Reports $20 Million Raised and 19,900 Investor Wallets

The rollout showcases audited code with a live bug bounty during Phase 7 pricing at $0.04.

Overview

  • The Jan. 27 release enables public testing of lending markets for assets such as ETH, USDT, LINK, and WBTC, with mtToken deposit receipts and an automated liquidator.
  • The project reports more than $20.1 million raised to date and over 19,900 investor wallets tracking MUTM.
  • MUTM has a 4 billion token cap, with 45.5% allocated to early distribution and over 835 million already claimed.
  • Distribution is in Phase 7 at $0.04 per token, below the stated $0.06 launch price.
  • Security steps include a Halborn audit, a 90/100 CertiK TokenScan score, and a $50,000 bug bounty, with the team planning a mainnet launch followed by Layer-2 expansion and a native stablecoin.