Conformational dynamics in bilobed enzymes can be used to regulate their activity. One such enzyme, the eukaryotic decapping enzyme Dcp2, controls the half-life of mRNA by cleaving the 5′ cap structure, which exposes a monophosphate that is efficiently degraded by exonucleases. Decapping by Dcp2 is thought to be controlled by an open-to-closed transition involving formation of a composite active site with two domains sandwiching substrate, but many details of this process are not understood. Here, using NMR spectroscopy and enzyme kinetics, we show that Trp43 of Schizosaccharomyces pombe Dcp2 is a conserved gatekeeper of this open-to-closed transition. We find that Dcp2 samples multiple conformations in solution on the millisecond-microsecond timescale. Mutation of the gatekeeper tryptophan abolishes the dynamic behavior of Dcp2 and attenuates coactivation by a yeast enhancer of decapping (Edc1). Our results determine the dynamics of the open-to-closed transition in Dcp2, suggest a structural pathway for coactivation, predict that Dcp1 directly contacts the catalytic domain of Dcp2, and show that coactivation of decapping by Dcp2 is linked to formation of the composite active site.enzyme dynamics | methyl groups | mRNA decay | protein NMR C onformational dynamics in enzymes often comprise the ratelimiting step in the catalytic cycle and thus are prime targets for regulatory cofactors (1-5). Bilobed proteins frequently use an open-to-closed transition to coordinate catalysis on their substrates following cellular cues such as posttranslational modifications or macromolecular interactions (6-8). A recent model proposes that the eukaryotic mRNA decapping enzyme Dcp2 is regulated by such a transition, where a composite active site is formed using conserved surfaces on each of the two N-terminal domains (9). According to this model, stimulating or inhibiting this conformational transition could regulate decapping. However, the structural details of this composite active site and the timescale of interconversion between closed and open states of Dcp2 are currently unknown. Moreover, whether coactivators use the composite active site to effect decapping is unclear.Degradation of eukaryotic mRNA is critical to many biological processes including development (10), stress response (11), clearance of the products of pervasive transcription (12), and quality control of gene expression (13). For example, it has been suggested that microRNAs (miRNAs) act primarily by destabilizing messages and it is known that Dcp2 is a vital component of miRNA-induced mRNA decay (14, 15). Further, an entire class of unstable transcripts was recently discovered that is sensitive to the exonuclease Xrn1, whose members are therefore likely products of decapping (12, 16). Each of the variety of pathways that utilize decapping relies on coactivator proteins that are believed to recruit messages to the decapping machinery and activate it.A model of decapping coactivation is emerging following recent work on the Saccharomyces cerevisiae coactivator...