Melon Protocol AMA with Crypto Society

4 min readOct 28, 2020

Join us on November 3rd at 16:00 CET

Join us on Tuesday, November 3rd here in the Crypto Society chat room for our 5th AMA with Melon Protocol, an open-source protocol that enables anyone to set up and manage a pooled asset vehicle on-chain, at a fraction of the cost of traditional funds. Melon automates the cumbersome back office and intermediary functions required in traditional finance using smart contracts

Melon is an Ethereum-based protocol for decentralized on-chain asset management. It is a protocol for people or entities to manage their wealth & the wealth of others within a customizable and safe environment. Melon empowers anyone to set up, manage, and invest in customized on-chain investment vehicles.

The event will feature Mona El Isa, formerly the co-founder and CEO of Melonport AG which developed Melon, the on-chain asset management protocol. Mona is a former star-trader at Goldman Sachs, promoted to Vice President by the age of 26, and made the “top 30 under 30” list in Trader Magazine in 2008 and Forbes Magazine in 2011 after profitably trading the 2008 and 2011 crashes.

About Melon

Melon is a fully decentralized asset management protocol that removes complexity and cost for managers and their investors empowering them to focus purely on the best investment opportunities. Melon allows anyone to set up, manage, and/or invest in a fund of digital assets in a secure, robust, and permissionless manner. It enables asset managers to create their own customizable investment vehicles on Ethereum in a matter of minutes and for just a few bucks. without the need for back-office or financial intermediaries.

The Melon protocol is a set of smart contracts, that each performs a specific functionality of an investment fund: accounting, investment/redemption, assets custody, trading, fee distribution, etc. Once bundled together through a Hub contract, the set of smart contracts are able to work together to implement the behavior of the fund and to enforce the rules of that fund.

These smart contracts set the parameters for the fund, enabling fund managers to make decisions about the investable asset universe, risk management rule-sets, management and performance fees, data feeds, permitted investors and which exchanges to use, etc. This is opposed to being written in a legal fund prospectus and operated and controlled by back-office and financial intermediaries. Investors are thereby assured that the pooled digital assets will be managed and administered exactly as specified in the set-up of the on-chain investment vehicle.

Melon also enables investors to have a direct relationship with the investment fund which is typically prohibited in the traditional asset management world.

The whole process of setting up a Melon fund currently costs a few hundred $ (in Ethereum and Melon gas costs). And, once it’s up and running, the funds can be set up and discovered through The Melon Terminal and monitored via the Melon Monitoring Tool. The Monitoring Tool makes it will make it possible to view historical on-chain data easily and eventually extract reports over any historical time period which are typically required for investor and regulatory reporting.

Most excitingly, Melon’s lead developer Avantgarde — has been head down during 2020 working on the v2 release which is expected only weeks from now. Mona will join us to discuss some of the work they’ve been doing, what exciting new DeFi features to expect, and much more!