Coin overview
MLN overview
About MLN
Whitepaper
Coin-related
Price calculator
Price history
Price prediction
Technical analysis
Coin buying guide
Crypto category
Profit calculator
Trade-related
Buy/Sell
Deposit/Withdraw
Spot
Margin
USDT-M futures
Coin-M futures
Trading bots
Copy trading
Earn
Pre-market
Coin updates
Enzyme news
Enzyme flash
Events Calendar
ICO
Airdrop
Other products
BRC-20 prices
Crypto directory
Crypto encyclopedia
Crypto glossary
What is Enzyme (MLN)?
Enzyme basic info
What Is Enzyme?
Enzyme, formerly known as Melon Protocol, is an asset management protocol built on the Ethereum blockchain. Originating in July 2016 from Melonport AG, a company based in Zug, Switzerland, Enzyme represents a significant shift in the world of digital asset management. It was designed to democratize the field of asset management, traditionally dominated by professional financial advisors and firms. By leveraging the power of blockchain technology, Enzyme lowers the barriers to entry, making it possible for a broader range of investors to participate in asset management.
The rebranding from Melon Protocol to Enzyme signified a commitment to innovation, resilience, and a user-friendly approach. The platform's goal is to enable participants to create, manage, and invest in digital asset funds in an open, competitive, transparent, and decentralized manner. This approach not only simplifies the process of asset management but also injects a level of accessibility previously unseen in the traditional finance sector.
Resources
Official Documents: https://docs.enzyme.finance/
Official Website: https://enzyme.finance/
How Does Enzyme Work?
At its core, Enzyme's functionality is driven by smart contracts on the Ethereum blockchain, ensuring a high degree of automation and minimal human intervention. The platform's architecture is divided into two primary layers: the Fund Layer and the Infrastructure Layer. The Fund Layer is responsible for the creation and management of funds within the protocol. It consists of the Hub, which monitors Enzyme funds, and Spokes, which use smart contracts to define and provide services to these funds. This layer is where users interact with the Enzyme blockchain, utilizing tools for managing their funds or vaults.
The Infrastructure Layer, governed by the Enzyme Council DAO, is the backbone of the protocol. It includes essential contracts for asset price management, MLN to ETH conversions for computational payments, and more. This layer ensures the smooth operation of the entire blockchain and adheres to the rules set by the Enzyme Council. The Enzyme platform allows for the creation of various types of vaults, including public, private, and hybrid, catering to different investor needs and preferences.
What Is MLN Token?
MLN is the native cryptocurrency of the Enzyme platform. Its primary function is to serve as a compensation token for network participants, including developers and maintainers. The tokenomics of MLN involve a controlled inflationary model, where up to 300,600 new MLN tokens can be minted each year to fund protocol development and growth. This approach ensures that the ecosystem continues to evolve and improve over time.
MLN tokens are also used for paying asset management fees within the platform, including fund creation, investment requests, and asset redemption. Additionally, projects seeking integration with the Enzyme network require MLN tokens to enable necessary features. The token's value is intrinsically linked to its utility and the overall usage within the network, making it a vital component of the Enzyme ecosystem.
What Determines Enzyme’s Price?
The price of Enzyme (MLN), like any cryptocurrency, is influenced by a complex interplay of various factors, pivotal in the volatile and dynamic world of blockchain and digital assets. One of the primary determinants is market demand, which is significantly influenced by the utility and adoption of the Enzyme platform. As Enzyme facilitates decentralized asset management on the Ethereum blockchain, its attractiveness to investors, asset managers, and DeFi enthusiasts directly impacts MLN's demand. The more users and projects engage with Enzyme for managing digital assets, the higher the potential demand for MLN tokens. This demand is further fueled by the unique features of Enzyme, such as its ability to create and manage diverse investment strategies and its integration with leading DeFi projects, which can attract a broader user base and increase token utility.
Another critical factor in determining Enzyme's price is its tokenomics, a term that combines 'token' and 'economics.' The MLN token has a controlled inflationary model, where a fixed number of tokens are minted annually to support network development and growth. This approach to token supply can influence its scarcity and value. Furthermore, the activities of the Enzyme Council DAO, which governs the protocol, also play a significant role. Decisions regarding protocol upgrades, feature additions, and partnerships can significantly impact investor perception and confidence, thereby affecting the price. Additionally, broader market trends in the cryptocurrency sector, regulatory changes, and technological advancements in blockchain also contribute to the fluctuations in Enzyme's price, making it a dynamic asset in the ever-evolving crypto landscape.
MLN supply and tokenomics
Links
What is the development prospect and future value of MLN?
The market value of MLN currently stands at $38.53M, and its market ranking is #556. The value of MLN is not widely recognized by the market. When the bull market comes, the market value of MLN may have great growth potential.
As a new type of currency with innovative technology and unique use cases, MLN has broad market potential and significant room for development. The distinctiveness and appeal of MLN may attract the interest of specific groups, thereby driving up its market value.
Is MLN worth investing or holding? How to buy MLN from a crypto exchange?
How to get Enzyme through other methods?
What is Enzyme used for and how to use Enzyme?
Learn about other cryptos
![What is ZINC(ZINC)](https://img.bitgetimg.com/multiLang/coinPriceLogo/527fef0207526e8950055e01c17ab7021710522155473.png)
![What is Zus(ZCN)](https://img.bitgetimg.com/multiLang/coinPriceLogo/4fb635c83cf4318cf7df15a133c4ee401710522155544.png)
![What is The Currency Analytics(TCAT)](https://img.bitgetimg.com/multiLang/coinPriceLogo/a1d63915011386143ddf9bcd16a4c4d61710435743885.png)
![What is PlayChip(PLA)](https://img.bitgetimg.com/multiLang/coinPriceLogo/abb4aa3e89b1c75098fbb69175e134361710435744025.png)
![What is Conceal(CCX)](https://img.bitgetimg.com/multiLang/coinPriceLogo/e4b54950ffc3709a7273d8b800b4ef641684399411915.732.png)
![What is S4FE(S4F)](https://img.bitgetimg.com/multiLang/coinPriceLogo/e023b6b4f0d8d3f0c534185d127f88651710435744144.png)
![What is Elamachain(ELAMA)](https://img.bitgetimg.com/multiLang/coinPriceLogo/f1d828a97f75f514e9bcc15b3b5299571692859982681.734.png)
![What is AICHAIN(AIT)](https://img.bitgetimg.com/multiLang/coinPriceLogo/54ce34d82b40cb84c90afa272171ee7e1710694893810.png)
![What is eXPerience Chain(XPC)](https://img.bitgetimg.com/multiLang/coinPriceLogo/c2ce5ee17f77ad98a8886372adb7e72a1710435744472.png)
![What is Aditus(ADI)](https://img.bitgetimg.com/multiLang/coinPriceLogo/1c61bcef289da3c59bd648f12da834231711213324912.png)
![What is Theta Network(THETA)](https://img.bitgetimg.com/multiLang/coinPriceLogo/847a0aaadc9ccd4365dde1348284b9811710262942165.png)
![What is Smart MFG(MFG)](https://img.bitgetimg.com/multiLang/coinPriceLogo/1e5f6fa9e41c095fb8b10a162006e7f41711213324966.png)