We present a complete guide to understanding Enzyme Finance Crypto and it’s technology in the field of cryptocurrency development. We include helpful explanations, illustrated guides, historical data, and technical details. This article is brought to you by Digital Financial Market
Last Updated: 5/31/22
Enzyme (MLN) Finance
Enzyme is a decentralized blockchain platform built on the Ethereum Network. The Enzyme network is intended to provide advanced portfolio management capabilities and software to its users. This platform allows users to share and distribute portfolio trading strategies as a community using the MLN token as currency for the network.
Enzyme Finance was Formerly called Melon Finance, hence the token signature remains as MLN.
Key Points about Enzyme Finance
- Decentralized Financial Platform
- Users can share Trading Strategies with the community
- Ethereum-Based Token for Portfolio strategies
- Formerly called Melon Finance
See Enzyme Finance Official Website
Enzyme (MLN) Finance Price Chart
How To Use The Enzyme Application
Navigate to the Enzyme app at app.enzyme.finance.
Use the Connect Button to connect your Wallet Using Metamask, Coinbase Wallet, or other popular Ethereum Wallets. Some browsers only support WalletConnect.
You will know when you have connected when the Connect button changes to an address (Likely 0x…..) that matches your connected wallet.
Select your network by selecting the Network dropdown and selecting either Ethereum or Polygon.
Use the main Dashboard to Navigate trading tools. See picture below:
History of Enzyme Finance
Enzyme Finance originates from the foundation of a Decentralized Autonomous Organization (DAO) called the Melon council. The private company Melonport first developed the foundation for a blockchain in 2016 along with Founders Rito Trinkler and former Goldman Sachs Executive Mona El Isa.
This blockchain was named Melon Protocol and established on the Ethereum Network as an ERC-20 token as early as 2017.
After building a new protocol to base the blockchain, Melon rebranded to Enzyme protocol in 2019, but kept the token MLN and extended DAO.
Enzyme Finance FAQ
Is Enzyme Crypto The Same as Melon Crypto?
Yes, Melon Protocol restructured from Melon DAO to Enzyme Finance in 2019, but kept the same MLN token.