Enzyme
Enzyme is a decentralized platform for managing assets that uses blockchain technology and runs on the Ethereum network. Enzyme provides unique features and strategies to assist network users and participants in building, creating, and managing their portfolios. The main goal of the project is to make the traditional model of managing assets less centralized and let users invest in any supported project or investment portfolio with no entry restrictions.
Anyone can use the infrastructure and obtain complete control over their assets with the greatest possible degree of transparency. Since there is no central authority running the network, each user has full control over their funds.
Enzyme was first called Melon and had the token ticker MLN. It hasn't changed at all, unlike the name of the project, which was changed in 2020. Melon was founded by Rito Trinkler and Mona El Isa in 2016. The project has its headquarters in Switzerland and began its ICO in 2017, one year after its establishment. After two years, in 2019, its team launched the first version of the Enzyme Finance protocol. The project became completely decentralized when Melon Council, an independent organization, took control of the network.
Enzyme aspires to do more than just make using DeFi easier. There are issues that it resolves and benefits that the entire DeFi industry can enjoy. Complete transparency about how strategies work: Transparency has been a popular word in the crypto industry ever since it started. Since Bitcoin's first block, there has been the idea that making all transactions public and easy to see could eliminate corruption, theft, scams, and other similar problems. Enzyme, on the other hand, goes a step further and tries to make sure that the performance of strategies is as open and clear as possible. Pushing adoption: Enzyme is also helping the DeFi and overall crypto and blockchain adoption by making strategies public and clear and making it easy to use different DeFi protocols and services.
The protocol consists of two layers, a fund layer, and an infrastructure layer, and includes a JavaScript library that enables web browser functionality.
The Fund Layer: The Fund Layer is where users create and administer funds that other users can invest in.
Each fund includes two parts:
The Hub - The hub is regarded as the central component of the fund layer, as it provides all the required tools for establishing a fund and tracks the components that comprise the funds.
The Spokes - The Spokes utilize smart contracts to describe the funds generated by each fund manager and to offer unique services to the funds.
The Infrastructure Layer: The infrastructure layer is managed by Enzyme's DAO, the Melon Council.
Enzyme is a blockchain-based, open-source, decentralized system that enables users to build and manage their own funds while allowing other users to invest in them without having to trust them. Enzymes can be used to invest money, and there is no minimum amount to invest. Users can also utilize MLN, the network's utility token, to propose and vote on changes to the protocol and its parameters as part of network governance.
| DATE | NEWS/EVENTS | IMPACT |
| 05/07/2021 | Enzyme gets listed on Binance, as well as announced its collaboration with Yearn. Finance | +30% Increase |
| 04/06/2021 | Rumors of Enzyme getting listed on Coinbase Exchange surged its prices | +50% Increase |
Enzyme wants to make a new standard for investing in asset management funds. This will get rid of the problems that come with traditional financial markets and management funds. Users can build and manage their own investment funds and invest in any portfolio they want. As the platform grows, there are more investment options, from ETFs to discretionary. Enzyme is an interesting project for DeFi investors and regular users who want to invest their money in a safe and audited ecosystem and keep full ownership of their assets.
