Question 1

What is it?

Accepted Answer

Enzyme (MLN), formerly known as Melon Protocol, is an Ethereum-based token associated with the Enzyme platform. The platform is a significant project that is specifically designed for on-chain asset management.

**Enzyme Token (MLN):** MLN is the native utility token of the Enzyme platform. It serves as the economic layer of the platform and is used to incentivize various actors within the ecosystem. The MLN token is primarily used for paying the platform usage fees, and these paid fees are either burned or stored in the Enzyme treasury, reducing the overall supply and potentially increasing the value of the remaining tokens.

**Enzyme Platform:** Enzyme is a decentralized finance (DeFi) protocol that enables users to establish, manage and invest in decentralized, customizable on-chain investment vehicles. It incorporates traditional aspects of asset management but operates on the Ethereum blockchain. It allows anyone to set up, manage and invest in digital asset management strategies in an open, competitive, and decentralized manner, essentially representing a fusion of classic finance concepts and emerging blockchain technology.

Question 2

What is it used for?

Accepted Answer

The MLN token plays a crucial role in maintaining and operating the Enzyme platform. As mentioned earlier, it's used to pay platform usage fees, and it's also used to incentivize participants in the Enzyme ecosystem.

Apart from this, the Enzyme treasury, which stores some of the MLN fees, funds future development and maintenance of the platform. This allows the platform to continue to grow and evolve in response to the needs and demands of the DeFi sector.

Question 3

Who created it?

Accepted Answer

Enzyme was created by Mona El Isa and Reto Trinkler. El Isa, a former Goldman Sachs star trader, and Trinkler, a blockchain developer, co-founded the project with the goal of simplifying and democratizing finance.

#	Instrumen	Bursa	Skor Tolok Ukur	Harga	Perubahan 24j	Volume 24j	Trading 24j	Pembukaan 24j	Tertinggi 24j
1	MLN-USD MLN-USD	coinbase	AA	1,33USD	-0,46%	24.189,36MLN	460	1,34USD	1,39USD
2	MLN-USD XMLNZUSD	kraken	AA	1,33USD	0,17%	4.882,00MLN	275	1,33USD	1,39USD
3	MLN-USDT MLN_USDT	gateio	A	1,33USDT	-0,90%	1.319,40MLN	163	1,35USDT	1,38USDT
4	MLN-EUR XMLNZEUR	kraken	AA	1,15EUR	1,38%	858,13MLN	40	1,13EUR	1,26EUR
5	MLN-BTC XMLNXXBT	kraken	AA	0.0₄1651BTC	-0,12%	131,45MLN	37	0.0₄1653BTC	0.0₄1669BTC
6	MLN-USDT mln_usdt	lbank	C	1,33USDT	-0,30%	249.011,09MLN	82.808	1,34USDT	1,37USDT
7	MLN-USDT MLN_USDT	coinw	-	1,35USDT	1,68%	15.122,58MLN	1.706	1,32USDT	1,36USDT
8	MLN-EUR MLN-EUR	bitvavo	B	1,16EUR	2,16%	14.776,47MLN	316	1,14EUR	1,20EUR
9	MLN-USDT mlnusdt	huobipro	C	3,49USDT	36,23%	12.635,88MLN	830	2,56USDT	3,70USDT
10	MLN-EUR MLNEUR	bit2me	B	1,15EUR	1,58%	858,13MLN	40	1,13EUR	1,26EUR
11	MLN-INR MLNINR	coindcx	-	135,97INR	-0,42%	509,69MLN	32	136,55INR	139,00INR
12	MLN-USDT MLNUSDT	coinex	C	1,36USDT	5,35%	433,17MLN	1.395	1,29USDT	1,37USDT
13	MLN-USDT MLNUSDT	latoken	D	1,33USDT	1,14%	83,68MLN	39	1,32USDT	1,37USDT
14	MLN-USDT MLN_USDT	poloniex	C	1,00USDT	-16,67%	0.7735MLN	4	1,20USDT	2,90USDT