Enzyme (MLN) is an Ethereum-based token for the Enzyme platform, designed for on-chain asset management. MLN is used to pay platform usage fees and incentivize participants. The Enzyme platform is a DeFi protocol that enables users to establish, manage, and invest in decentralized on-chain investment vehicles. It was created by Mona El Isa and Reto Trinkler to simplify and democratize finance. The MLN token plays a crucial role in maintaining and operating the Enzyme platform, with some fees stored in the Enzyme treasury to fund future development.
