Enzyme to Participate in Ethereum Community Conference in Cannes on July 1st
Enzyme will co-host the “Sunset & Assets” event with Sygnum Bank and Nexus Mutual on July 1st at 17:30 UTC in Cannes, during the Ethereum Community Conference. Refer to the official tweet by MLN: Sygnum just joined the party ☀ï¸🍸We’re co-hosting Sunset & Assets with and during !📍 La Croisette, Cannes 📅 July 1, 7:30 PM 🥂 Open bar, curated crowd, real conversationsSpots are limited → MLN InfoEnzyme, 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.