Mutuum Finance is rapidly advancing its Ethereum-based V1 protocol, focusing on automated borrowing and lending rules on the testnet. The project is in Phase 7 of its MUTM token distribution, with tokens priced at $0.04, marking a 300% increase from the initial $0.01 price in early 2025. Over $21.42 million has been raised, with 860 million tokens secured by more than 19,200 holders globally. The V1 protocol employs a dual-market system for liquidity management, featuring Peer-to-Contract and Peer-to-Peer mechanisms. An automated liquidator bot ensures loan safety by monitoring collateral values in real-time. The protocol has undergone a full audit by Halborn Security and holds a 90/100 safety score from CertiK. As Phase 7 concludes, the project is preparing for a mainnet launch and a Layer-2 expansion to enhance scalability and reduce transaction costs.