CryptoInternet

Enzyme Finance or Melon: The On-chain arrangement

Crypto assets are different from cryptocurrencies, that we have already discussed in our previous blog, we have also been aware about the transaction policies and protocols of the blockchain network.

So, the next question that is stuck in our mind is, is there any way to gain full authority over your Crypto assets?  How can we have full ownership of our own crypto assets and can adjust their investment plan? Is there any finance for our crypto asset that can fit our investment strategies?

Let’s find out quickly about an awesome financial strategy that could really help our risk analysis about crypto assets and its profitability criteria!

What is meant by enzyme finance?

Enzyme Finance or Melon Protocol is not the same one about which we study in our chemistry period, But it is an Ethereum based finance protocol that helps to select and choose the type of crypto asset that has a good return and profitable investment. Enzyme finance helps to distribute the centralized asset management concept, where you have to consult with a financial advisor and have to remain dependent upon their choices.

Instead, it helps to filter out such notions and makes the system decentralized and peer-to-peer. It has been made with a concept of a globalized way to connect more users who can select those crypto assets that can be accessed in a much simpler way. If you are interested in simplified bitcoin trading click here.

Creation of Enzyme Finance

Enzyme finance was previously known as Melon Protocol and was created by a Switzerland based digital company MelonPort in 2016. The founder of this crypto finance protocol was Mona El Isa and Rito Tinkler, Rito Tinkler is a prodigious mathematician whereas Mona is the former vice-president of Goldman Sachs, an investment banking company which functions at investment and securities of money.

In 2019, after raising the $2.9 million Initial Coin Offering, Melon Port launched the Enzyme Finance Protocol which is managed by the Melon Council, a DAO (Decentralized autonomous Organization).

How does Enzyme Finance work?

Like the name ‘enzyme’, it is an on-chain asset management system that helps to initiate the investment procedure at much lower transaction fees and helps the common investors to invest in a much easier way through the project’s web portal. Enzyme finance creates a cycle of investment through vault creation processes that help to work as a stable payment system for various operations.

It also helps the user to gather funds from the other users and vice-versa, it creates a balance circuit between the common users who want to invest and create an investment portfolio. Also, enzyme finance educates its customers through creating a roadmap in the form of blogs and articles.

Is enzyme coin a good investment?

We know that Enzyme uses a smart contract-based platform, that means the Enzyme finance is based upon sets of smart contracts, whose computation methodology is based upon Ethereum blockchain.

It uses two layers for operation and has its own JavaScript libraries for web support.

  • Fund Layer

Fund layer helps in launching and management of fund invested by the one users’ group into the account of other users’ group

It again is divided into two parts:

  • Hub- It is the core of the fund layer, which contains the operating tools that help in setting up and tracking the elements that build funds.
  • Spokes- It is used to designate the functions of the created funds with the help of smart contracts.
  • Infrastructure Layer

It is governed by the Melon council which keeps an eye over price feed, MLN buying for ETH computation fees and price sources to have information about the sources of funds.

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Rupesh Kumar

First, I am an online marketing professional, as well as a night time gamer with a wide array of interests. Aside from constantly writing about games, I also enjoy writing about my other hobbies such as fitness, cooking, home DIY projects and travel. Contact me at gamerssuffice@gmail.com

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