Enzyme to Participate in Sibos in Miami on September 28th
Enzyme will participate in Sibos in Miami from September 28th to October 1st. Its team will discuss infrastructure for tokenized funds at the financial-services conference.Refer to the official tweet by MLN:The Enzyme team will be at Miami this year, one of the largest gatherings of financial services professionals in the world, bringing together over 10,000 people from 160+ countries.Our team will be there September 28 - October 1. Come find us at our booth or DM us to set… 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.