Alchemy is a decentralized application (dapp) for participating in DAOstack DAOs (Distributed Autonomous Organizations). It is currently in alpha stage and is being used by a series of pilot DAOs launched. Anyone can make a DAO, and we encourage you to apply if you have the three crucial ingredients:
- A common mission
Alchemy’s initial versions make it easy for DAO members to carry out three simple actions:
- Make proposals for the DAO to take a specific action. A proposal is equivalent to a project pitch that contains an explanation of objectives, methods, costs and milestones of the proposed project.
- Predict whether a proposal is going to pass or not in the DAO. This helps guide the collective voting process by sorting and prioritizing the proposals. Predicting is also called staking.
- Vote on whether a proposal should be accepted or rejected.
Anyone can propose and predict, however, only people who hold reputation (voting power) in that specific DAO can vote (hint - you can propose a proposal to request reputation in any dao).