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Enzyme Finance Defi Review: On-chain Asset Management

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About Enzyme Finance

Enzyme Finance is a decentralised asset management infrastructure built on Ethereum. Using Enzyme Smart Vaults, individuals and communities can build, scale and monetise investment (or execution) strategies that employ the newest innovations in decentralised finance.

The live Enzyme price today is $97.14 USD with a 24-hour trading volume of $32,441,656 USD. Enzyme is up 3.45% in the last 24 hours. The current CoinMarketCap ranking is #187, with a live market cap of $174,137,628 USD. It has a circulating supply of 1,792,738 MLN coins and the max. supply is not available.

Enzyme Finance Facts

Enzyme Finance Facts
Defi Coin NameEnzyme Finance
Short Name MLN
Total Supply500,000,000
SourceClick Here To View Source
Chat Option Click Here To Visit Chat
ExplorersClick Here To View Explorers
Official WebsiteClick Here To Visit


Too many DeFi projects to follow? Too busy to put your own money to work? Find a vault with a proven track record on Enzyme, and free yourself from the day-to-day hassles whilst retaining full custody of your assets. You can filter strategies by assets, risk and performance, and find one that fits your risk profile.


Enzyme Finance enables you to retain custody of your assets at all times. Your money goes where you want it to, whenever you want.


Enzyme Defi Coin provides full transparency about how strategies are performing, together with information about how they’re set up, operated and composed.


Enzyme empowers you to build and scale vaults based on the investment strategies of your choice – from discretionary and robo to ETFs and market making. Security is our priority. The second generation smart contract-enforced platform is thoroughly tested and audited before any mainnet deployments are made.


Enzyme Finance provides an easy, secure and low cost way of setting up and operating your vault. With its in-built accounting tools, it also enables you to report back in real-time to depositors.


Enzyme Defi Coin connects you to a pool of potential savers, making it easier to attract and build a community of supporters. This means you can focus on what you do best – developing investment strategies.

DeFi Integrations

Enzyme gives you access to a large universe of DeFi tokens and protocols. Want to earn yield by lending or providing liquidity, or invest in an insurance mutual? No problem. You can do it all through Enzyme.

  1. Uniswap and Liquidity Pools
  2. Kyberswap
  3. Paraswap
  4. Synthetix
  5. Compound Lending
  6. Aave Lending
  7. Curve Liquidity Pools
  8. Alpha Finance
  9. Yearn Vaults

200+ Supported Tokens

You asked, they listened. Enzyme now has 200+ tokens, with liquidity from the ecosystem’s best decentralized exchanges. Take positions in any listed token.

Enzyme Token (MLN)

Enzyme Finance was formerly known as Melon Protocol. The token has a new icon and name, but the MLN ticker and contract address stays the same. MLN is used to pay for various functions throughout the vault creation process and investment lifecycle. There is currently a proposal in front of the Enzyme Council to substantially change the token economic model.

Are there any fees on Enzyme?

At the moment, the protocol is transitioning towards an AUM based fee which is expected to be implemented in Q3 2021. The fee will be 25bps on Assets Under Management and will directly align interest between users of the network and the value of MLN token which primarily incentivizes development, maintenance and security of the network.

Why use Enzyme?

Enzyme Defi Coin enables Depositors to interact with Vaults in a way which is non-custodial and requires minimal trust between parties. Vault Managers can be bound to performing certain actions or forbidden from others. Furthermore, live accounting is available for both performance and fees which is provable with on-chain data using the Enzyme subgraph. The subgraph also enables us to retrieve other useful reporting data (e.g. trade history or deposits/withdrawals) and make them transparently available to users. Policies such as fees or behaviours around investments can be quickly configured and imposed at a Vault level. Vaults can delegate trading and other Vault functions to third-party addresses.

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Crypto investments come with high risk and you should always exercise caution when investing in any crypto asset. Investing in crypto carries a high level of risk, and may not be suitable for all investors. Any investment decisions made by you are made at your own risk and we are not responsible for any losses that may occur. Before investing, we recommend you consult a financial advisor to understand the risks and rewards associated with investing in crypto.

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