|Total Value Locked||24H|
|in ETH||4.6K ETH||+2.6%|
|in BTC||115 BTC||+2.6%|
|ETH Locked||1.6K ETH||+30 ETH|
|% Supply Locked||< 0.01%|
Melon is an open-source, community-run protocol for asset management on Ethereum. Melon lets users create, manage, and invest in decentralized funds composed of ETH and ERC20s. V1.0 of Melon was deployed to mainnet in early March 2019, and weeks later, Melonport - the entity that built the protocol - wound down as planned, leaving maintenance and governance of the Melon protocol to the Melon Council, a DAO built on Aragon and composed of various stakeholders. Melon’s native token, MLN, aims to align the incentives of users, holders, and protocol maintainers by coupling the token's value with network usage through a buy and burn mechanism. MLN’s inflation is fixed at 300,600 per year, which is used to fund protocol development and projects building on Melon, who may submit Melon Funding Proposals for approval by the Melon Council. Melon protocol users don’t need to hold MLN; instead, they pay protocol fees in ETH. This covers Ethereum gas costs and Melon's asset management gas fees. The latter - which is adjusted through Melon’s governance process - is converted to MLN and burned by the Melon Engine smart contract. Melon has undergone a number of independent audits, and identified issues have been addressed. Due to the complexity of the protocol’s smart contracts, bug bounties are ongoing and future audits may be performed.
The best way to interact with Melon with Melon Terminal built by Avantgarde Finance where you can set up and manage your own fund and browse or invest in existing funds.