Blockchain asset management protocol Melon releases v2.0 of manager interface

Melon powers the full asset management stack in an entirely automated and democratized way; it allows anyone anywhere in the world to deploy their own fund, on-chain...

The Avantgarde Finance, a lead developer of blockchain asset management protocol Melon, recently announced the release of  v2.0 of the Melon Terminal (a.k.a. Melon Manager Interface).

As the lead developer of the Melon protocol, Avantgarde Finance developed a new browser-based and open-source interface to access the Melon protocol for Melon managers and investors. Major improvements in performance and stability have been made for v2.0 from Manager Interface v1.0.

v2.0’s interface runs on a new version of the Melon protocol (v1.1.0) deployed in February and vetted by the Melon Council through a protocol upgrade vote. Note this is the first release by Avantgarde Finance.

v.20 interacts with the protocol contracts using the melonjs library.

Melon Terminal Features

Browsing the Terminal as an Investor

In order to be able to subscribe to funds, investors need to log in with an Ethereum account; they can do so with Metamask, Frame, Coinbase Wallet, Dapper Wallet and Fortmatic (more to be added).

Once logged in, investors can visit the Invest/Redeem section of the fund they are interested in and make an investment request. This same interface allows for the redeeming of assets from the fund at any time.

It is possible to invest in a fund using any of the assets that the fund accepts as a subscription asset, as indicated in its factsheet. If wanting to invest in a fund using ether, users will need to wrap their ether to get WETH (which can be done in the wallet section).

Browsing the Terminal as a Manager

Here, managers will need to be logged in with an Ethereum account in order to create a fund. Once logged in with some ether in their wallet to pay for Ethereum and Melon gas; Managers will see a button in the top right corner to create a fund. The fund creation process is straightforward, and will require users to sign 9 transactions that will deploy the different components of their fund.

Operating a Melon fund is a way to:

Managers have access to the full feature set of Melon:

Invest/Redeem section

Admin section

Ruleset section

This section allows managers to deploy policies that will be enforced by the smart contracts throughout the lifetime of a fund. Users can deploy as many as they want; but once a policy is configured in the fund, it cannot be removed. This ruleset serves a simple purpose: providing guarantees to the investors of a fund on the behavior that can be adopted.

Currently, 6 policies are available (more to be added in the future):

Trade section

This section allows entering and exit positions in a portfolio (ie. rebalancing into the desired allocation). A Melon fund can hold any Melon supported asset (currently 19 assets, continually being expanded).

There are 3 ways for a Melon manager to trade on behalf of the fund: