New Crypto Mutuum Finance Crosses $150M TVL in Testnet Liquidity

Mutuum Finance, a decentralized lending and borrowing protocol currently on the Sepolia testnet, has successfully surpassed $150 million in testnet Total Value Locked (TVL). The project, whose native token MUTM is priced at $0.04, has raised over $20.6 million from selling 850 million tokens out of a 4 billion supply. Development is active, with the team recently launching Safe-Mode Borrow Presets (Safe, Balanced, Aggressive) on the testnet V1 protocol, allowing users to select predefined risk profiles when borrowing against collateral. The protocol benefits users by enabling borrowing against assets like ETH without selling them, thus maintaining exposure to potential price appreciation. Furthermore, users who supply assets earn yield reflected in accruing mtTokens, which can then be staked to receive dividends in MUTM tokens, linking platform usage to token incentives.

(Source：BeInCrypto)