Melon protocol v1.0 launches on Ethereum main net

Decentralized asset management protocol Melon ($MLN) has launched version one of its smart contract system on the Ethereum main net. The Melon protocol allows users to:

• Set up a technology regulated and operated fund (TROF) on the Ethereum main net
• Define a ruleset which will govern the behavior of your fund: fee structure, risk engineering profile, authorized subscription assets, investor whitelist etc.
• Choose the decentralized exchanges you want to be able to trade on
• Trade against the Melon Engine
• Invest in your own fund, or in other existing Melon funds
• Redeem shares you own in a Melon fund
• Track and observe your fund’s metrics (NAV, GAV, share price all computed on-chain)
• Calculate and collect on-chain management and performance fees
• Permanently close a fund

Users can access Melon, and the associated Melon Manager Interface through the projects GitHub.