What Is Enzyme (MLN)?

What Is Enzyme (MLN)? Complete Guide Review About Enzyme.

What Is Enzyme (MLN)?

Enzyme is an easy-to-use DeFi asset management system that funds, investment clubs, DAO treasuries and companies can plug into. It simplifies interaction with DeFi by acting as an aggregator of protocols and making your asset management experience seamless. The high customisability of Enzyme means you can use it to build pretty much anything in DeFi. This is why this like to think of it as a DeFi Operating System. If the interface doesn’t cater for your use case, most likely the smart-contracts do. Avantgarde Finance offers services to companies building in DeFi. If it’s not immediately obvious how it can be useful to you, get in touch with Avantgarde Finance about your use case and let show you.

Use it with an EOA like Gnosis Safe or Open Zeppelin to manage your DAO or company treasury. Plug into your suite of programmable policies which enable you to delegate trading & execution securely to a member of your team without having to worry about them going rogue. Use it to set up a vault which will run a DeFi strategy. Enzyme allows people to deposit into and subscribe to your strategy. Customise fees, set rules around deposits, redemptions and much more. Build any rules you like around deposits, assets being managed, fees and more.

Enzyme Storage Key Points

Coin BasicInformation
Coin NameEnzyme
Short NameMLN
Circulating Supply2,093,292.70 MLN
Total Supply1,824,437
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

DAOs

DAOs are struggling to find the time or the tools to manage their treasury efficiently and transparently. With Enzyme programmable risk management policies, they can delegate trading to a team member with very specific permissions to ensure efficiency whilst guaranteeing safety of the funds. Via this vault, that team member can access DeFi protocols to lend, borrow, provide liquidity, stake, programmatically or opportunistically. All activity is transparent and accounted-for in real-time.

Tokenholders in a DAO

Tokenholders often get little to no transparency on a DAOs treasury and how it is being managed. Enzyme provides them with a tool to propose and monitor the health of the DAO and it’s treasury at all times. Furthermore, tokenholders can be assured that DAOs are managing treasury assets with efficient, programmable guards in place.

Vault Managers

This allows anyone to build, scale and monetise investment strategies using the protocol’s non-custodial Vaults. These strategies can span the spectrum from traditional discretionary allocators to DeFi-native combinations of any of the primitives with which integrates. As a Vault creator, you can take advantage of the various building blocks offered by Enzyme without needing to have any software engineering background. This also enables depositors to connect to Smart Vaults too enabling them to be a part of your investment strategies whilst still keeping day-to-day control of their assets.

Depositors

It’s hard to keep up with the fast-changing investment opportunities in DeFi. Enzyme enables you to search for and deposit into Vault strategies in a completely non-custodial and transparent way. This enables you to capture the upside potential whilst freeing you from the day to day hassles of research and portfolio management. Critically, you can do this in a way where you are in control of your funds and able to exit any time you want.

Brief History

Enzyme has rebranded from Melon Protocol. The protocol has been on mainnet since Feb 2019 and was the first DeFi protocol to decentralise its governance. Enzyme v2 was launched to main net in Jan 2021 and is a completely re-architected protocol with modularity and extensibility at the core of its design.

Enzyme Protocol Fee

This release implements a protocol fee, which is charged by minting additional vault shares to an Council owned contract. Initially applied at 50 bps of AUM but can be bought back by the vault manager for 25 bps. Enzyme The Council owned shares can be bought back in the equivalent value of $MLN, either by the vault manager at 25 bps or by the Council at 50 bps. The $MLN is then burned. The “50% discount” encourages the vault manager to take care of this process rather than the Council having to.