Mutuum Finance V1 Testnet Reaches $270M TVL

Mutuum Finance, an Ethereum-based lending protocol, has achieved a major technical milestone in its V1 testing phase, reporting over $270 million in simulated Total Value Locked (TVL) on the Sepolia testnet. This indicates successful high-volume stress testing of its non-custodial framework, which facilitates borrowing and lending through dual-market systems (Peer-to-Contract and Peer-to-Peer). The protocol utilizes mtTokens for liquidity providers and Debt Tokens for borrowers, enforcing strict Loan-to-Value ratios for security. Mutuum Finance has prioritized security, completing a manual audit by Halborn Security and receiving a 90/100 safety score from CertiK for its MUTM token smart contract. Future plans include expanding to Layer-2 networks to reduce transaction costs and developing a native, over-collateralized stablecoin, aiming to build a comprehensive financial ecosystem on the blockchain.