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.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	MLN-USD MLN-USD	coinbase	AA	1.35USD	2.98%	25,442.68MLN	494	1.31USD	1.39USD
2	MLN-USD XMLNZUSD	kraken	AA	1.37USD	4.18%	5,220.84MLN	343	1.31USD	1.39USD
3	MLN-USDT MLN_USDT	gateio	A	1.36USDT	3.55%	1,858.10MLN	207	1.31USDT	1.37USDT
4	MLN-BTC XMLNXXBT	kraken	AA	0.0₄1667BTC	2.65%	579.45MLN	103	0.0₄1624BTC	0.0₄1667BTC
5	MLN-EUR XMLNZEUR	kraken	AA	1.20EUR	5.97%	712.21MLN	23	1.13EUR	1.26EUR
6	MLN-USDT mln_usdt	lbank	C	1.36USDT	3.20%	251,072.18MLN	82,921	1.31USDT	1.37USDT
7	MLN-EUR MLN-EUR	bitvavo	B	1.17EUR	2.36%	17,139.93MLN	355	1.15EUR	1.20EUR
8	MLN-USDT MLN_USDT	coinw	-	1.35USDT	3.45%	16,012.97MLN	1,706	1.30USDT	1.36USDT
9	MLN-USDT mlnusdt	huobipro	C	2.92USDT	14.03%	10,613.85MLN	687	2.56USDT	2.92USDT
10	MLN-USDT MLNUSDT	coinex	C	1.34USDT	1.95%	423.96MLN	1,395	1.32USDT	1.34USDT
11	MLN-EUR MLNEUR	bit2me	B	1.26EUR	11.25%	712.21MLN	23	1.13EUR	1.26EUR
12	MLN-INR MLNINR	coindcx	-	131.15INR	-1.75%	128.05MLN	18	133.48INR	138.38INR
13	MLN-USDT MLNUSDT	latoken	D	1.35USDT	2.21%	41.66MLN	18	1.32USDT	1.36USDT
14	MLN-USDT MLN_USDT	poloniex	C	1.00USDT	-16.67%	32.86MLN	7	1.20USDT	2.90USDT