What is Alchemy?

Alchemy is an application for participating in the budgeting and resource allocation of DAOs.

Alchemy’s initial versions make it easy to carry out three simple actions:  

1. 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. 
2. 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.
3. Vote on whether a proposal should be accepted or rejected. 

Anyone can propose and predict in any DAO. However, only people who hold reputation (voting power) in a specific DAO can vote in it.