MLN is an Ethereum token that powers Enzyme (formerly known as Melon Protocol). Enzyme is a global infrastructure enabling businesses and institutions to develop tokenized products and financial strategies through Vault-as-a-Service platforms and Financial Instruments protocols. MLN powers the Enzyme infrastructure, serving as the native token to facilitate payments across vault operations and the full investment lifecycle.

Reserve Rights (RSR) is the central governance token of the Reserve ecosystem. Reserve is a platform for creating DTFs (Decentralized Token Folios), which are the decentralized, self-custody, onchain version of ETFs. DTFs created on Reserve are called RTokens, and there are two types: Yield RTokens and Index RTokens. When staked on any Yield RToken or locked on any Index RToken, RSR holders gain governance rights to propose and vote on basket and configuration changes. For Yield RTokens, staked RSR serves as overcollateralization, providing first-loss capital in the unlikely case of a collateral default in exchange for a portion of revenue. RSR tokens can also be held unstaked if preferred.