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| Enzyme 
| #MLN
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| MLN Price: | $18.83 | | Volume: | $153.8 K | | All Time High: | $270 | | Market Cap: | $36.7 M |
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| Circulating Supply: | 1,949,564 |
| Exchanges: | 17
| | Total Supply: | 2,069,255 |
| Markets: | 25
| | Max Supply: | — |
| Pairs: | 28
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The price of #MLN today is $18.83 USD.
The lowest MLN price for this period was $0, the highest was $18.83, and the current live price for one MLN coin is $18.83157.
The all-time high MLN coin price was $270.
Use our custom price calculator to see the hypothetical price of MLN with market cap of BTC or other crypto coins. |
The code for Enzyme crypto currency is #MLN.
Enzyme is 6.3 years old. |
The current market capitalization for Enzyme is $36,713,350.
Enzyme is ranked #349 out of all coins, by market cap (and other factors). |
The trading volume is medium during the past 24 hours for #MLN.
Today's 24-hour trading volume across all exchanges for Enzyme is $153,766. |
The circulating supply of MLN is 1,949,564 coins, which is 94% of the total coin supply.
A highlight of Enzyme is it's limited supply of coins, as this tends to support higher prices due to supply and demand in the market. |
Enzyme adds fiat-to-crypto onramp!
We are delighted to announce that Enzyme now offers a robust and highly efficient fiat-to-crypto onramp, powered by Onramper. This new feature allows Enzyme users to buy crypto natively in-app, with support for more than 180 countries and over 95 fiat currencies. Payment is simple, easy and quick. Select from either $ETH or $MATIC, insert the amount you want to buy (eg. £100), and choose from popular payment methods such as Credit Card, Apple Pay or Google Pay. For every transaction, Onramper will automatically check which fiat onramp provider has the lowest fees, allowing Enzyme users to save money and choose their preferred option. In this blog, we discuss how asset managers can use this new integration to quickly and easily convert fiat to crypto in the Enzyme app. — What is Onramper? - Onramper is a fiat-to-crypto onramp aggregator, which implements all major onramps in a single solution. This allows Enzyme users to get global coverage of supported countries, payment methods, cryptocurrencies and fiat currencies. 180+ countries covered, 95+ fiat currencies supported (USD, GBP, EUR, etc.), 2 base cryptocurrencies supported ($ETH and $MATIC), 3 of the most popular payment methods (Credit Card, Apple Pay, Google Pay), — How does Onramper work? - Onramper has built intelligent order-routing engines to increase the success-rates of transactions by recommending the on-ramp that is most likely to result in a ... 
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Enzyme integrates with Aura Finance to boost yield and governance power of Balancer users
Today, Enzyme is excited to announce a new integration with Aura Finance. This new integration further expands our DeFi operating system, enabling Enzyme asset managers to boost the yield of their Balancer LP positions and earn additional BAL staking rewards. — What is Aura Finance? - Aura is an autonomous, non-custodial platform built to boost the yield and governance power of Balancer users and beyond. Aura Finance is designed to provide maximum incentives to Balancer liquidity providers and BAL stakers (into veBAL) through social aggregation of BAL deposits and Aura’s native token. For BAL stakers, Aura provides a seamless onboarding process to veBAL, by creating a tokenized wrapper token called auraBAL that represents the 80/20 BPT locked up for the maximum time in VotingEscrow. This can be staked to receive existing rewards (BAL and bb-a-USD) from Balancer, in addition to a share of any BAL earned by Aura, and additional AURA. This minting process is irreversible however users can trade their auraBAL back to BAL through an incentivised liquidity pool. For Liquidity providers, Aura abstracts complexity of depositing into the Balancer gauge system, providing a smooth onboarding process to all Balancer gauge deposits. Aura allows depositors to achieve a high boost through the protocol owned veBAL while also accumulating additional AURA rewards. The AURA token acts as a governance and incentivisation tool within t...
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Enzyme vault managers can now delegate GRT to earn rewards!
We are delighted to announce that Enzyme vault managers holding The Graph Tokens ($GRT) can now delegate to one or more Indexers on The Graph to earn rewards. By delegating GRT tokens, Enzyme asset managers will receive a portion of the indexing rewards and query fees that Indexers generate. This is a simple and seamless way to secure The Graph’s networking and earn rewards without needing to run a node yourself. — What is The Graph? - The Graph is a decentralized protocol for indexing and querying blockchain data. Anyone can build and publish open APIs, called subgraphs, making it possible to query data that is difficult to query directly. Blockchain properties like finality, chain reorganizations, or uncled blocks complicate this process further, and make it not just time-consuming but conceptually hard to retrieve correct query results from blockchain data. The Graph solves this with a decentralized protocol that indexes and enables the performant and efficient querying of blockchain data. These APIs (subgraphs) can then be queried with a standard GraphQL API. Today, there is a hosted service as well as a decentralized protocol with the same capabilities. Both are backed by the open source implementation of Graph Node. — Who are The Graph’s Indexers? - Indexers are node operators in The Graph Network that stake Graph Tokens (GRT) in order to provide indexing and query processing services. Indexers earn qu...
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Win Rewards with the Enzyme Referral Program!
Today, Enzyme is very excited to announce the release of a brand new Referral Program. This initiative gives Enzyme users the opportunity to win up to $1,000 in MLN tokens per month, but only for a limited time. — TLDR - Enzyme has launched a Referral Program, Users can win up to $1,000 in MLN tokens, To be eligible, your wallet address must have been active on Enzyme before Dec. 31st, 2022), There are two options available for participation in the Enzyme Referral Program: “lite” (pays out $100 per vault) and “full” (pays out $200 per vault), To receive a payout, the vault will need to reach a minimum AUM of $10,000 (or equivalent value in tokens) within the first 30 days, Eligible users can receive a bonus AUM-based payment (ranging from 100%-500% of the initial reward) paid 180 days after the vault creation, — What is the Enzyme Referral Program? - The Enzyme Referral Program is a new initiative that allows Enzyme users to earn rewards by referring new vault owners to the platform. By participating, users can earn a one-time payout of $100 or $200 in MLN tokens, depending on the type of referral, as well as a bonus payment based on the assets under management (AUM) of the referred vault. This includes a maximum payout of up to $1000 in MLN tokens. The concept of the program had been discussed previously by the Enzyme Council and was formalised in ENZIP 13 and MFP 18, which were later passed thr...
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Enzyme adds Balancer to its DeFi operating system
Today, Enzyme is excited to announce that it has added Balancer to its ever expanding array of DeFi protocol integrations. With this integration, asset managers on both our Ethereum and Polygon deployments will have access to a number of attractive Balancer Pools. — What is Balancer? - Balancer is a decentralized protocol that provides DeFi liquidity infrastructure. Instead of limiting depositors to 50/50 pairs, Balancer enables the creation of multi-token pools with custom weight parameters (e.g. 80/20, 60/20/20). This enables depositors to choose their exposure to different tokens in a pool. Swap fees can also be fully customized: high volatility pools usually have higher fees while low volatility pools have lower fees. The single vault architecture unlocks features to slash gas costs, super-charge capital efficiency, unlock arbitrage with zero-token starting capital, and open the door to custom AMMs. Balancer Pools contain two or more tokens that traders can swap between. Liquidity Providers put their tokens in the pools in order to collect swap fees. Balancer adopts powerful features to slash gas costs, super-charge capital efficiency, unlock arbitrage with zero-token starting capital, and open the door to custom AMMs. Balancer provides developers with secure DeFi infrastructure. Builders can focus on what differentiates their product/protocol. Balancer handles low-level token accounting, gas optimizations, and to...
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Native ETH staking with Kiln is now available on Enzyme!
We are delighted to announce that Kiln’s native ETH staking is now available on Enzyme! This integration gives asset managers (with a minimum of 32 ETH) a human-readable way to access Kiln’s enterprise-grade ETH staking, to earn up to 15% APR rewards. — Who is Kiln? - With over $500m staked under management, Kiln is the leading enterprise-grade staking platform with a particularly strong track record. Kiln runs 2.1% of the Ethereum network, which includes 9,000+ validators with 0 slashing. Kiln offers a rewards guarantee SLA, ensuring a return of 99% of the network-average APR of ETH staking. Kiln’s products are non-custodial and its smart contracts are fully audited by Halborn. With more than 2.1% share of all ETH staked and heavy involvement within the community, Kiln has a strong track record running Ethereum validator nodes. Kiln is the leading enterprise-grade staking platform enabling institutional customers to stake Ethereum. — Why should I stake my assets? - In a Proof-of-Stake blockchain, staking consists of locking native tokens to earn the right to secure a chain, and earn a yield while doing so. It has overtaken mining and Proof-of-Work as the primary way to secure blockchain networks. With ETH staking, users lock ETH to fund a validator, which helps secure the chain by proposing new blocks and attesting other validators’ blocks, and earns a yield in the process. Staking generates the safe...
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The State of Enzyme’s Tokenomics
TLDR - MLN token is a utility token that accrues value by charging protocol fees; token inflation is used to fund protocol maintenance & development., Fees began for the first time with the launch of Enzyme v4 in March 2022. All v4 vaults now pay a 25 basis points (bps) fee on AUM. The protocol also accrues referral fees from various integrations with DEX’s and DeFi protocols., Network fees assure investors that maintenance, development and security practices are upheld to a high standard., Enzyme has shown tremendous growth in both absolute and relative terms vs its peers over the last 12 months, so it is crucial to keep the protocol standards higher than ever., Our goal through the market is to grow AUM in ETH terms so that we are nicely positioned for the next DeFi Summer., At our last AUM peak of $230m (assuming all vaults on v4), Enzyme would be annualising $575K-$1.15m in AUM based fees without including any referral fees., On 9th August, 2022, the Enzyme council approved the burn of 54,669 MLN tokens, worth approximately $1,500,000.00 at the time of writing, To date, the Enzyme council has burned 382,125 MLN tokens. This figure can be tracked here., Enzyme was first deployed to main-net (as Melon) three and a half years ago. The protocol’s governance methodology and its token’s economic utility have evolved over that time. This blog post will serve to aggregate the latest state of tokenomics and governa...
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Building a Trading Bot on Enzyme — Update
Building a Trading Bot on Enzyme — Update - Written by Jeremiah McCurdy, Software Engineer at Avantgarde Finance A little over a year ago… Erin Koen (software engineer and head of Asset Management at Avantgarde Finance) created a trading bot that executes programmatically on an Enzyme vault. It was accompanied by a great how-to-article on using it to set up a bot of your own — which I will indeed be referencing here. So quick shout out to Erin Koen, who has given me permission to reuse material from his original article and who initially introduced me to his bot in the first place. You can find the bot repo here, and the original article just below. Building a Trading Bot on Enzyme Unfortunately, the current release of Enzyme (Sulu) made significant improvements that introduced breaking changes to the bot. Fortunately, I’ve made all the necessary updates to the bot, and this article will explain how to get it up and running on Enzyme once again. — What was wrong with the old bot - First off, let’s answer the question — why did the bot quit working? The old bot employed the Kovan testnet, which is no longer supported by Enzyme. To compensate I’ve made a bot that trades over the Polygon network, which makes it possible to test with almost negligible fees (I opened a vault and tested the bot for less than 0.20 USD), It was using Uniswap V2, and in order to transact over Polygon it needed to b...
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Enzyme User Representatives Elections Are Now Live!
TLDR: Starting on July 27th, 2022, eligible users will be able to nominate themselves to become Enzyme User Representatives (EUR) for the Enzyme Council, Users are considered eligible if they meet the eligibility criteria listed below, EURs are designed to collect, prioritise and deliver user feedback to the Enzyme Council on behalf of users, There are 2 EUR seats available currently; voting will end on September 12th at 23:59 BST, The History of Enzyme User Representatives The first-ever EUR elections took place in Q1 2020, when Felix Hartmann and Giel Detienne were nominated to join the Enzyme council. Both EURs have done a fantastic job, however, in that time period the number of users exploded and TVL on Enzyme grew from $2m to a high of $230m. In the spirit of equal representation, it’s only fair that we hold re-elections to make sure we are staying true to our goal of being user-representative. Therefore, we are happy to announce that starting on July 27th, 2022, users will be able to nominate themselves to become Enzyme User Representatives (EURs) for the Enzyme Council. Nominations for the position will close on August 17th. Voting will commence on August 24th, 2022 and continue until September 14th, 2022. The Enzyme council will confirm the successful applicants on September 15th, 2022. There are 2 seats available for qualifying applicants. You can find further information on the eligibility criteria, selecti...
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A secondary market for your Enzyme vault shares: the best of both worlds
TLDR: - Our V3 only allowed for minting and redemption of vault shares, and those ERC-20 tokens were not transferable to third parties., On our V4 Sulu, vault managers can enable an alternative option for depositors who want to exit by transferring their shares instead of going through the classic redemption process., By default shares are now transferable, but you can disable the feature if you prefer to prevent all transfers. Or you can opt for a middle ground and reserve the right to whitelist all secondary buyers before any transfer takes place., This new feature allows for the best of both worlds: the possibility of opening up a flexible secondary market without losing control over who owns what. Especially useful if you need to implement KYC checks and stay 100% compliant., — First off: how are shares created and burned in the first place? - In case you are not 100% aware of how Enzyme creates and destroys shares (i.e. minting and burning) here’s a convenient visual. Every time a new depositor deposits funds into a vault, new shares are minted by the protocol. The same happens on the way out as the same depositor can request a withdrawal, which triggers the burning of his/her shares and the fund redemption. This process used to be the only option until our V3. Since V4 we have created another option for depositors who want to liquidate their positions. Now shares can also be transferred to anyone outside the...
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 | Bank of England to Double Long-Dated Gilt Buy-Backs, QE Policy to See an...
After the British pound sterling tapped an all-time low against the U.S. dollar on September 26, the Bank of England (BOE) said it would halt its monetary tightening policy and start buying long-dated bonds again. Approximately two weeks later, the BOE detailed on Monday that it was doubling the size of its debt buy-backs by purchasing large sums of gilt-edged securities (bonds).BOE to Double Bond Purchases, UK Central Bank Adds New Temporary and Permanent Repo Programs to Enhance Liquidity
16 days ago, the British pound sterling reached a lifetime low against the greenback and the central bank of England decided to step into the fray and bolster the U.K.'s economy with stimulus programs. On September 28, Bitcoin.com News reported that the Bank of England decided to stop monetary tightening and it said it would start to purchase long-dated gilts, otherwise known as bonds.
Two weeks later, the BOE changed its mind and decided to double its efforts in terms of purchasing gilt-edged securities. On Monday, the BOE announced it would increase bond purchasing and told the public that on October 14, the central bank would reveal measures that will bring an 'orderly end' to the latest quantitive easing practices.
Japanese Bonds: Worthless without the BoJ propping them up with printed Yen.
Gilts: Worthless without the BoE stepping in with printed Pounds.
Italian bonds: Worthless without the ECB backstopping with printed Euros.
Global Fiats: Going to zero.
- Stack Hodler (@stackhodler...
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