What's Happening?
Mutuum Finance has completed the development of its core lending and borrowing smart contracts, marking a crucial step towards the release of its decentralized finance (DeFi) protocol. The finalized code
has been submitted to Halborn Security for an independent audit, which is a key phase before the protocol's V1 testnet launch scheduled for Q4 2025. These smart contracts underpin the platform's automated interest handling, collateral logic, and liquidation processes. The upcoming testnet will feature a working liquidity pool, mtToken minting, borrowing systems, and initial support for ETH and USDT. The project has also made significant progress in its presale, raising over $19.2 million and expanding its community to more than 18,400 holders.
Why It's Important?
The completion and audit of Mutuum Finance's smart contracts are pivotal for the project's credibility and security, essential factors in the DeFi space. The audit by Halborn Security will assess the safety and reliability of the protocol, which is crucial for gaining user trust and ensuring the platform's stability. The successful presale and community growth indicate strong market interest and confidence in the project's potential. As the DeFi sector continues to expand, platforms like Mutuum Finance that offer decentralized, non-custodial lending solutions are well-positioned to capture a share of the market, providing users with alternatives to traditional financial systems.
