Enzyme lets you build and scale your investment strategies, especially for ETFs & market making.
Table of Contents
What Is Enzyme (MLN)?
Enzyme is a simple to use DeFi management system that enables investing clubs, DAO treasuries, and companies to easily link to each other. It easily incorporates with DeFi by being an aggregator of protocols, making your operations experience smooth.
The high level of programmability of Enzymes can allow you to create almost anything in DeFi.
How Does Enzyme Work?
In traditionally regulated markets, managed funds need to deposit a minimum initial investment. Additionally, managed-fund institutions charge hefty management fees, which sustain these made-for-professionals funds out of reach for the average user.
To address this issue, Enzyme was developed to decentralize the traditional asset management field. Enzyme aims to develop a system that average consumers can trade at their own risk without the interference of large institutions. The platform enables users to develop, share, and evaluate investment strategies based on individual needs.
MLN is the standard ERC20 token and is primarily used for utilities. MLN is used to pay for various services throughout the ecosystem.
The History Of Enzyme
The ‘Melon Protocol’ rebranded as enzyme in 2019. As of early 2021, the enzyme v2 protocol was released to mainnet and is a completely re-architected protocol with modularity and extensibility at its core.
Is Enzyme (MLN) A Good Investment?
Over 1,400 new vaults have been created by Enzyme, and the assets-under-management (AUM) has increased from $0 to $230 million. Between collaborations and innovations, Enzyme can continue to grow in users and adoption, making it an attractive incentive to hold the coin for the long run.
As you can see on the graph below, the highest that MLN has ever reached is $247 back in January 2018, and then it dropped and stayed at low levels for a couple of years until in September it reached another spike of $153. Right now, it’s trading below $30 which makes you wonder if in the future MLN will see another all time high.
To stay up to date with the current MLN price data, click here.
Should You Buy Enzyme (MLN)?
Enzyme is trusted by the likes of Unslashed Finance, FWB DAO, Human DAO and many more. Based on their whitepaper they have a lot more partnerships they would like to explore.
If you have done research on the team, vision, whitepaper and you are satisfied with what Enzyme has accomplished so far, then potentially it could be a great investment for the long term. Perhaps invest small, and wait for market direction before buying more.
Cryptocurrencies can be risky, so invest wisely and be careful with your hard earned money. As a rule of thumb, never invest money you can’t afford to lose.
The Enzyme Whitepaper
Enzyme released a whitepaper that describes the solutions that it is trying to solve, as well as proposed adoption dates for it.
If you want to read the Enzyme whitepaper click on the button below.
How Many Enzyme (MLN) Coins Are There in Circulation?
Enzyme has a total supply of 2.07 billion MLN coins.
How Can You Buy Enzyme (MLN)?
It’s actually quite easy to buy MLN coins. All you need to do is follow these four basic steps:
- Create an account on a cryptocurrency exchange that lists MLN. Below we share some of these exchanges.
- Complete the identity verification process. Some exchanges require a scan of an identity document such as a passport or driver’s license.
- Transfer money from your bank account to the crypto exchange. The exchange may accept other payment methods, but bank account transfers typically have the lowest fees.
- Once the money is available in your account with the exchange, select the “buy” option to purchase MLN.
Where Can You Buy Enzyme (MLN)?
The best places to purchase MLN are at: