Core Insights - Mutuum Finance (MUTM) has successfully raised over $16 million in its presale, with more than 16,350 holders as of early 2025, and is currently priced at $0.035 in Stage 6, preparing for a 14.3% price adjustment before the planned launch price of $0.06 [1][2]. Demand and Presale Growth - The presale is structured in multiple stages, with five phases completed, and the current token price is $0.035 in Stage 6, set to increase by nearly 15% in the next round [2]. - The token price has increased from $0.01 to $0.035 since the first presale phase, marking a rise of over 250%, with the planned launch price reflecting a cumulative adjustment of up to 500% compared to the initial presale level [3]. Token Distribution and Incentives - Over 720 million tokens have been sold, and the introduction of a ranking system for the top 50 holders will provide additional MUTM allocations at launch, alongside a $100,000 giveaway campaign [4]. Product Framework - Mutuum Finance operates as a decentralized lending and borrowing protocol, featuring two complementary markets: the peer-to-contract (P2C) market and the peer-to-peer (P2P) market [5][6]. - In the P2C market, users deposit assets into liquidity pools for borrowing, with variable interest rates that adjust based on utilization levels [6]. - The P2P market allows borrowers to secure stable interest rates by matching directly with lenders, providing predictability and reducing exposure to volatility [7]. Token Mechanics - Depositors in both markets receive mtTokens at a one-to-one ratio with the underlying asset, which serve as proof of deposit and accrue interest automatically [8]. - The platform employs a buy-and-distribute model, where a portion of fees is used to repurchase MUTM tokens from the open market, which are then redistributed to participants who stake their mtTokens [8].