Mutuum Finance Raises $20.7 Million for Decentralized Lending Protocol

Mutuum Finance (MUTM) is advancing its decentralized, non-custodial lending and borrowing protocol on the Ethereum blockchain. According to NS3.AI, the project has successfully raised over $20.7 million from more than 19,000 supporters. The V1 protocol is currently operational on the Sepolia testnet, showcasing simulated liquidity exceeding $180 million in total value locked. It features Safe-Mode Borrow Presets designed to manage loan-to-value risk effectively. The project intends to utilize Chainlink-based oracle infrastructure with fallback mechanisms for accurate pricing. Additionally, the token and lending contracts have undergone reviews by CertiK and Halborn, ensuring enhanced security and reliability.