What is Enzyme (MLN)?
Enzyme (MLN) is a decentralised on-chain asset management system that operates on the Ethereum blockchain. This innovative platform enables individuals and communities to create, manage, and monetise investment strategies, leveraging the latest advancements in decentralised finance (DeFi) through Enzyme Smart Vaults.
Key Features of Enzyme
Decentralised Asset Management
Enzyme empowers users to oversee their assets in a fully decentralised manner. By using Smart Vaults, depositors can maintain control of their investments without relying on a central authority, ensuring a non-custodial approach.
Low Trust Model
The platform’s structure allows for minimal trust between parties. This is particularly beneficial for users who are cautious about sharing their investment strategies and assets. With on-chain data available, users can independently verify performance and fees associated with their investments.
Governance Structure
Governance of the Enzyme protocol is conducted by the Enzyme Council, which comprises the Enzyme Technical Council and user representatives. This approach facilitates inclusive decision-making that prioritises the interests and needs of the users.
Tokenomics of MLN Tokens
Mint and Burn Model
Enzyme utilises a mint and burn model to manage its MLN tokens. A fixed amount of MLN tokens are issued annually, which are then allocated based on community votes. This model supports the platform’s sustainability by aligning the incentives of holders and users.
Utility of MLN Tokens
MLN tokens play a crucial role in the Enzyme ecosystem. They are used to compensate users who maintain the platform and reward developers focused on enhancing user experience. Users are required to pay an Asset Management Gas Unit (AMGU) in ETH for various services, including executing investment requests and establishing funds.
Performance Transparency
Enzyme ensures that its users have access to real-time performance data. By leveraging the Enzyme subgraph, users can retrieve important reporting information such as trade history, deposits, and withdrawals. This transparency promotes trust and accountability within the platform.
Relevant Resources
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