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Mutuum Finance raised $16M in its presale, nearing launch with a 20% price increase expected before its $0.06 debut.
Mutuum Finance (MUTM), an Ethereum-based DeFi protocol, has raised over $16 million in its presale, selling more than 720 million tokens to over 16,400 investors.
The project is nearing its platform launch, with the sixth presale phase nearly 50% sold at $0.035, setting the stage for a 20% price increase before the $0.06 launch price.
It offers a dual lending model: peer-to-contract for major tokens like ETH and USDT, and a peer-to-peer marketplace for assets such as SHIB and DOGE, enabling custom borrowing terms.
Depositors receive mtTokens, ERC-20 tokens backed 1:1 by their deposits, which earn yield and can be staked for MUTM rewards.
Fees fund MUTM buybacks.
Core development continues, including smart contracts and front-end work, with testnet beta testing upcoming before the official release.
The protocol aims to balance flexibility, risk control, and long-term utility.
Mutuum Finance recaudó $ 16M en su preventa, acercándose al lanzamiento con un aumento del precio del 20% esperado antes de su debut de $ 0.06.