Mutuum Finance (MUTM) Prepares New Feature Expansion for V1 Protocol

DeFi cryptocurrency Mutuum Finance has launched its V1 protocol on the Sepolia testnet, introducing the core mechanics of its lending and borrowing system. The team also stated that an additional feature is scheduled to be rolled out next week as development continues. Mutuum Finance Protocol Upgrade In a recent statement published on X, the team confirmed that it is working on several upcoming features while refining key components of the codebase, including optimizations to the Stability Factor. According to the update, a new protocol feature is expected to be released in the coming week. The project has reported more than $20.6 million raised to date, with over 19,000 holders of its MUTM token, currently priced at $0.04. In the same update, the team noted that the Sepolia testnet version of its lending and borrowing protocol has surpassed $90 million in testnet total value locked (TVL), reflecting simulated liquidity activity during beta testing. Lending and Borrowing with Mutuum Finance In the current beta version, users can interact with the protocol’s core functionality. The interface displays a protocol overview including total liquidity, available liquidity, and total variable debt. Four assets are currently supported for minting and interaction on testnet: ETH, USDT, LINK, and WBTC. The portfolio section provides data on net worth, net APY, Stability Factor, and total supplied and borrowed balances, with mtTokens also integrated into the current version of the platform. When users supply assets to the platform, they receive corresponding mtTokens as proof of deposit. For example, supplying WBTC results in the issuance of mtWBTC. These tokens accrue value over time based on the applicable APY, which is determined by pool utilization. By depositing $10,000 worth of USDT into the protocol, users receive mtUSDT in return. If the average annual percentage yield (APY) is around 4–5% over a one-year period, the position could generate approximately $400 to $500...