. Dear Friends of Melon,

It has been a while since we last updated you on Melon! There are a few good reasons for that - a lot has been happening! In particular, the winding down of Melonport and the birth of an entire ecosystem surrounding Melon has taken a lot of adjusting!





We are very pleased to be playing a large role in that new ecosystem as Avantgarde Finance. After a short break this summer, many of the former Melonport team re-grouped to form Avantgarde Finance and made a proposal to the Melon Council DAO for the role of lead developer. After reviewing our three year proposed roadmap, we were delighted that the Melon Council DAO accepted the proposal. Going forward, our vision is to facilitate on-chain asset management through better user experiences and further protocol developments. With our first quarter in full swing, we wanted to give you an update on what’s been happening in the ecosystem! Melon "Firsts" in 2019 1st full feature on-chain asset management protocol to hit main-net 1st company to fully give up control and hand over to a DAO 1st company to over-deliver on roadmap on time and on budget In Feb 2019, the Melon protocol v1.0 was launched to Ethereum main-net making it the first full-feature on-chain asset management to hit main-net in history. In Q1 this year, Melonport became the first company in history to fully decentralize its governance model and dissolve the company behind it. Today it runs as the Melon Council DAO which is composed of technical experts (MTC: Melon Technical Council) and users (MEB: Melon Exposed Businesses). Furthermore, Melonport has now been dissolved and no longer exists as an entity.