Enzyme to Participate in Staking Summit in Dubai on April 28th
Enzyme is set to participate in Staking Summit in Dubai on April 28th-29th.
Refer to the official tweet by MLN:
Enzyme@enzymefinanceApr 20, 2025Enzyme is heading to Dubai 🇦🇪
Catch us at @StakingSummit and @token2049 next week, alongside other key events during Dubai Blockchain Week.
If you’re attending and want to talk vaults, tokenized finance, or just catch up, we’d love to connect.
Reach out to set up a meeting or… pic.twitter.com/IyrtKejenC
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.