Enzyme will participate in the "Staking Summit" in Dubai on April 28.

GateUser-f090498e · 2025-04-21T20:46:30+00:00

Enzyme, formerly known as Melon, is a decentralized protocol on Ethereum for asset management. It allows creating, administering, and investing in on-chain investment structures. Enzyme's native token, MLN, follows a burn and monetization model, with 300,600 tokens minted annually and distributed by voting. The Enzyme Council DAO adjusts the price of Asset Management Gas Units (AMGU) based on network conditions.

GateUser-f090498e

2025-04-21 20:46:30

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Enzyme will participate in the “Staking Summit” in Dubai, which will take place on April 28-29.

You can find more detailed information in the official MLN tweet:

Information about MLN

Enzyme, previously known as Melon, is a decentralized protocol built on the Ethereum blockchain designed for asset management on the network. The protocol allows users to create, administer, and invest in individual on-chain investment structures.

The Enzyme platform optimizes various asset management actions, such as fund creation, investment requests, and transaction execution. To utilize the platform’s services, users incur costs known as Asset Management Gas Unit (AMGU), which are paid in ETH. The governing body, Enzyme Council DAO, has the right to adjust the price of AMGU based on prevailing network conditions.

The native token Enzyme, MLN, follows a monetization and burning model. Every year, 300,600 MLN tokens are minted, the distribution of which is determined by voting. The primary purpose of these tokens is to compensate the work of developers and participants who support the platform’s operation. After receiving fees in ETH, the Melon contract buys MLN and conducts the burning procedure every 30 days.

MLN-2,63%

ETH-0,34%

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