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Enzyme (MLN) is the 417th largest cryptocurrency in the world by market cap, valued at $52,055,060. The current price of Enzyme is $25.15, which is 1.248% higher than yesterday. Prices have ranged between $25.5 and $24.22 over the past 24 hours. All prices are listed in US dollars and accurate as of February 03, 2023 04:02 UTC.
Enzyme Finance, formerly known as the Melon Protocol, is a decentralized finance (DeFi) application built on the Ethereum blockchain. The platform brings asset management to the cryptocurrency community.
It allows users to deposit digital assets into actively managed funds and potentially earn passive returns.
Enzyme Finance opens these funds to individuals and markets them with complete transparency. Integrations with multiple DeFi applications also gives users exposure to DeFi from one platform. Investors can also establish their own fund. Actively managed funds in traditional finance are often limited to wealthy individuals, but Enzyme Finance seeks to change that.
The MLN token is used to pay for various functions within the Enzyme Finance ecosystem and is used for governance of the protocol.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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