Ethereum foundation stakes 72,000 ETH while Mutuum Finance (MUTM) moves to phase 3 of its roadmap with $20M funding

Ethereum Foundation has recently staked 72,000 ETH, reinforcing its commitment to the long-term security and stability of the Ethereum network. At the same time, decentralized finance project Mutuum Finance (MUTM) is hitting its own milestone, entering Phase 3 of its development roadmap with more than $20 million in funding.

Ethereum Foundation stakes 72,000 ETH

The Ethereum Foundation has staked 72,000 ETH using its new DVT-lite system, which simplifies distributed staking for institutions. The one-click setup lets users select nodes and configure staking quickly, making it easier for large holders to participate.

By locking more ETH into staking, the circulating supply is reduced, which could support short-term price stability. Traders are watching key levels around $2,000 for a potential rally and $4,000 for resistance, based on historical reactions after major Ethereum updates. This initiative also benefits the broader Ethereum ecosystem, where projects like Mutuum Finance (MUTM) are being built.

Mutuum Finance

Mutuum Finance (MUTM) has officially entered Phase 3 of its roadmap, a step toward mainnet launch. This milestone comes as the project surpasses $20.8 million in funding. The project also has a community of over 19,090 token holders, with the MUTM token priced at $0.04. Mutuum Finance offers lending through liquidity pools, a model known as Peer-to-Contract (P2C) lending, as well as direct loans between users through Peer-to-Peer (P2P) lending.

Focus of phase 3

Phase 3 centers on strengthening the protocol’s infrastructure and preparing for broader use. Key priorities include:

• Completing backend systems.
• Finalizing documentation for the protocol’s architecture.
• Testing the V1 Protocol.

These steps are designed to move the platform from concept to a fully functional ecosystem.

V1 Protocol on Sepolia Testnet 

V1 Protocol is already live on the Sepolia testnet, allowing users to explore its features without risking real funds. Testnets are critical for identifying bugs, evaluating smart contracts, and simulating market conditions before a mainnet launch. Token holders and participants are encouraged to test the system and provide feedback, helping the team refine the protocol before broader deployment.

The V1 Protocol includes features such as mtTokens that track deposits from liquidity providers in P2C lending. When a lender deposits an asset into Mutuum Finance’s liquidity pools, they receive an mtToken as a digital receipt. These tokens are yield-bearing, increasing in value as borrowers pay interest.  For example, depositing $12,000 in USDT into the protocol would mint $12,000 mtUSDT, representing the user’s share in the lending pool. If the pool generates an average 10% APY, that position could yield $1,200 in passive income over one year, assuming the rate remains stable.

Borrowers also receive Debt Tokens representing the principal and interest owed. Loans are over-collateralized, meaning borrowers must deposit collateral worth more than the amount borrowed to reduce the risk of default. For instance, with a 70% LTV, a $10,000 WBTC deposit allows borrowing up to $7,000 in another asset. If the collateral value drops too close to the loan balance, automated liquidation mechanisms sell a portion of the collateral to maintain protocol stability.

Security and compliance

Mutuum Finance has completed a security audit of its lending and borrowing smart contracts with Halborn Security, and its MUTM token smart contract earned a 90/100 token scan score from CertiK. The team seeks to align the protocol with evolving regulatory standards, ensuring technical development is paired with responsible governance.

The Ethereum Foundation has staked 72,000 ETH using its new DVT‑lite system to strengthen network security and encourage institutional participation. Meanwhile, Mutuum Finance (MUTM) has entered Phase 3 of its roadmap, advancing its protocol with V1 debut.  The V1 protocol provides a risk-free environment for users to interact with core lending and borrowing functions before mainnet launch. 

Disclaimer: This is a paid post and should not be treated as news/advice.