Learn about Enzyme & earn $1 MLN - Coinbase Earn

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Written by

wantumeni

C.R.E.A.M.

2 years ago

In community: Cryptocurrency and Blockchain(7b7f)

Topics: Enzyme, MLN, Coinbase, Learn and Earn, Defi, ...

Enzyme $MLN learn and earn campaign is live since April 2022.

What is Enzyme?

MLN is an Ethereum token that powers Enzyme (formerly known as Melon Protocol), a protocol that aims to facilitate on-chain asset management for the DeFi ecosystem. MLN allows users to build, share, and explore DeFi investment strategies (called “vaults”) while filtering by historical performance and risk profiles.

Before taking the quiz, make sure to learn about Enzyme. Even though I provide the answer to this extremely easy quiz, the whole point is to learn something new.

How to take the quiz?

You first have to sign up to Coinbase and go through the required KYC, make sure to have your ID card or passport next to you. In some cases the verification process can take a few days so be patient.

Once you're all set and that you have been verified, you can now take the quiz to which you will find the answer below:

How does the MLN token burn mechanism work?
Vault managers owe a 0.25% annual fee on the sum of all assets in a vault, payable in MLN; these tokens are then taken off the
market and burned

If you successfully complete the quiz, you should receive $1 worth of MLN as a reward.

Thanks for reading. Stay tuned for new projects and opportunities to earn more crypto.

Disclaimer: All information found on this article is for informational purposes only. I do not provide any personal investment advice so please make your own research before proceeding to any investment/trading actions.