#002

Update #002: initial codebase finalized, Fee Collector complete, Liquidation Indexer live; in progress—oracle integration, Safety Module, liquidation client.

Mutuum Protocol Update #002 — Initial Codebase Finalized, Fee Collector Complete, Liquidation Indexer Live

✅ Completed

Initial codebase finalized Initial commit of the core workspace and contract set. Includes baseline interfaces, events, libraries, and a clean project structure for contracts, tests, and deployment artifacts. Scaffolding is aligned with the architecture from #001 so future modules slot in without refactors.

Fee Collector contract (implementation pass) Spec-complete V1 with:

• Role-gated configuration and pausability

• Deterministic accounting, FeeAccrued / FeeRouted events

• Hooks for the buy-and-distribute path (treasury → market purchase → staker distribution)

• Unit tests around accrual, routing, and failure modes (reverts on invalid params, paused state)

Liquidation Bot Indexer (service layer) Off-chain indexer that:

• Subscribes to pool/oracle events and normalizes them into the schema from #001

• Maintains exactly-once processing via block/tx cursors and reorg-safe checkpoints

• Derives per-position health metadata for the client bot (LTV/threshold deltas)

• Exposes a job queue for actionable liquidations and alert hooks for edge cases

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⌛ In Progress

Oracle integration Chainlink as primary feed with Pyth fallback. Implementing max-age guards, stale-price reverts, and a registry so feeds can be added/removed per market without redeploys. Simulation tests cover primary/fallback switches and boundary conditions.

Safety Module Secure multisig for privileged actions, mtToken staking flows, proportional rewards via the distribution manager, and the slashing path for covering shortfalls. Current work is on staking/unstaking state transitions and emission math.

Liquidation Bot (client) Position-health evaluator, execution routing, and flash-loan path (Morpho-inspired) to close under-collateralized debt promptly. Adding notification webhooks and guardrails for race conditions and stale quotes.

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Released: 03 Oct 2025 (UTC) · Update #002