Enzyme to Hold AMA on X on October 19th
Enzyme will host an AMA on X with Diva on October 19th at 15:00 UTC.
Refer to the official tweet by MLN:
Enzyme@enzymefinanceOtt 18, 2023Join our Spaces tomorrow with @divastaking, hosted by @TokenBrice âš¡ï¸
We'll be discussing Diva's 'Early Stakers Initiative' powered by Enzyme, which has already generated 15,000+ $ETH and $stETH worth approx $25M.
Set a reminder 👇https://t.co/UzOdgYltm3
MLN Info
Enzyme, previously known as the Melon Protocol, is a decentralized protocol built on Ethereum dedicated to on-chain asset management. It empowers users to establish, administer, and invest in tailored on-chain investment structures.
The Enzyme platform streamlines various asset management activities such as fund creation, investment requests, and transaction executions. To avail platform services, users incur a cost called the Asset Management Gas Unit (AMGU), payable in ETH. These fees converge into the Melon engine contract. The Enzyme Council DAO, a governing body, holds the authority to adjust the AMGU price in response to the prevailing network conditions.
Enzyme’s native token, MLN, adheres to a mint and burn model. Every year, 300,600 MLN tokens are minted, with their distribution determined through a voting process. The fundamental purpose of these tokens is to reward platform maintainers and developers. The Melon engine contract, after amassing ETH fees, procures MLN/ETH and subsequently burns the acquired MLN every 30 days.