benzinga64d ago
DUBAI, United Arab Emirates, Feb. 01, 2026 (GLOBE NEWSWIRE) -- Mutuum Finance (MUTM), a rising decentralized finance (DeFi) project developing a next-generation lending and borrowing ecosystem, has officially surpassed $20 million in presale funding. This milestone follows the successful launch of its V1 lending and borrowing protocol on the Sepolia testnet, marking one of the most important phases in the project's development so far.V1 Protocol Launch Demonstrates Core UtilityThe V1 protocol gives users an opportunity to explore and interact with Mutuum's key lending and borrowing mechanics in a secure testnet environment using Sepolia test tokens, rather than real assets. This early launch allows the community to experience first-hand how the system works while showcasing Mutuum's technical progress before mainnet deployment.The protocol currently supports ETH, USDT, WBTC, and LINK — four leading crypto assets. Users can mint, supply, and borrow these test tokens, effectively simulating how the live system will operate. Once assets are supplied, users receive mtTokens, which represent their deposits and accumulate simulated yield over time. These mtTokens can also be staked to earn MUTM token rewards through Mutuum's buy-and-distribute mechanism, which, upon mainnet release, will regularly repurchase MUTM from the market and redistribute it to stakers — helping to maintain steady token demand.Borrowers, meanwhile, receive Debt Tokens, which transparently record their principal balance and accrued interest. ...Full story available on Benzinga.com
