Brand spanking new, hot off the press, fresh
off the line. Our content is always like that, newer and more improved each day. But what about
cryptocurrencies. One’s that the markets haven’t caught onto yet. Here at our homebase, like Ricky
Bobby we feel if you aint first, your last. So are you ready for your new favorite coins & crypto
channel? Because it’s time for Chico Crypto! Alchemy, the medieval forerunner of chemistry,
based on the supposed transformation of matter. It concerned particularly attempts to convert
base metals into gold.
Alchemists are always in search of the philosopher’s stone, the tincture,
the one true powder & today we bring it to you. With the alchemist coin. Their twitter profile
read’s.. It’s one true mission is to find the philosopher's stone & use it to explore the
galaxy. Ok so what does this do Chico? Well as we can see from the pinned tweet.
“Mint the first
Crucible. It is an NFT called a "UniversalVault" and it allows for locking LP tokens on multiple
liquidity reward programs simultaneously” Yes this is another bad freaking booty,
NFT project getting deeply integrated with decentralized finance. And this one…is brand
spanking new, just released. Tell us more?? Alchemist coin, is creating the next generation staking contracts with NFTs. Instead of staking
with smart contracts. You stake with an NFT. Liquidity pool tokens, for example from
uniswap, with half alchemist coin and ethereum, can be converted into their NFT crucible
aka the Universal vault.
You can then take this NFT & potentially use it with other
liquidity reward programs at the same time. From alchemist coins pinned tweet they say
which ones. Of course their initial LP pool is built with Uniswap, so you could
earn LP rewards with Uniswap but then also earn rewards from sushiswap, ampleforth
& their own aludel programs concurrently. I wonder why ampleforth? Well
the pinned tweet also says the smart contracts for this are based on
their upcoming geyser v2 contracts. So, I’m sure some of you are like
why having you shown us a website or UI? Is this even live or is it just an idea? Well one of the developers, Stephane, thegostep
on twitter tweeted this back in the middle of February.
That the transmuter was deployed…and
then scrolling down they said “Theres no UI for this yet – but you can use the CLI from the GitHub
repo. Welcome to the Alchemist training program… So the code is there, it’s live. There isn’t a
UI yet…but let me tell you it’s coming. And it looks cleaner than a bumsickle. February 25th,
a James William on Twitter said “Designs for the new Alchemist homepage are looking fantastic….with
a leak of that home page. And then a week before this an Ethen on twitter posted about some designs
for the liquidity mining as well, slick rick too… Then just 3 days ago, the 5th…a developer
for it posted this in their Discord, a picture of the front end UI and the
words “'I’ll be pushing the updates over the weekend so it's live”…1
day after this, the coin’s twitter posted this “Wallet integration! Which wallet
would you prefer for "crucible minting"? And then just yesterday, wallet integration
with the likes of metamask is getting moving with a picture posted of how it looks on the UI..
Public UI deployment is coming, unleashing the NFT
crucibles from just to those who are technical, to the world of non technical defi
users….SO I’m sure some of you are looking for alchemist coin on Coingecko,
or another crypto metrics website. Well you are not going to find it….this is brand
spanking new…but this is a good thing…why?& t Well the Coingecko listing will be
just another boost this month. It gives the project the opportunity to draw
in millions of eyes that visit the site, by being the “hot” and trending new NFT coin.
So when could that gecko listing be arriving?? March 4th this was posted in the Discord.
FYI all, Coingecko got back to us and are waiting on a website. So hopefully once
the front end is up we can move on with the CG application. And then below another
person said “Yes when the front is ready, it will be fast. In fact, our application
has been processed but it is paused for now” So, the website goes live,
Uniswap-esque UI for a new form of NFTs & then Coingecko
right after. The 1-2 punch….
Could there be a knockout with the alchemist
coin?? Well who exactly is behind this project?? Going to their website alchemist.wtf
it takes you straight to their github, which contains everything about the
project so far, including the mainnet contract addresses for each piece, erc20
token, crucible, crucible factory & more.. But at the top, who is the last person that
worked on this. It was thegostep. Who is this?? Well we can see from this twitter
that it has the same picture, and it’s a Stephane. This twitter
is owned by Stephane Gosselin, experienced ethereum researcher and developer
giving multiple talks at devcon, he’s the protocol architect for numerai, helping design their
erasure ethereum data & staking platform.
Going to his github activity, he is very
active…of course slamming away on alchemist, but also governance with snapshot, working with
some ampleforth stuff, and even flashbots….yes the gostep is the the creator of the flashbots
research and development organization, attempting to solve the MEV, miner
extractable value crisis hitting ethereum. Going to the ether research
post on this from thegostep. It’s a very deep and throughout introductory
presentation done in November of 2020. But look who is thanked at the bottom. It says
“We exist thanks to the continued support of members of the MEV Pi-Rate Ship and Paradigm.
And a specific person below that. Charlie Noyes. Paradigm as in the venture capital firm led
by Matthew Huang & coinbase co-founder Fred Ehrsam. Charlie Noyes is one
of their lead researchers… Who was the last person Mr. Noyes retweed on his
twitter. None other than @thegostep. Stephane. So is Charlie an alchemist?? Well
he hasn’t publicly stated it, but he is close to Stephane. Chico can only
speculate, but Charlie’s last research paper was posted February 5th, titled MEV &
me….and in it he specifically mentions Flashbots as a solution to mitigate MEV.
What was his research paper just before this? Well it was titled none other
than “Uniswap’s financial…..alchemy” The paper dives into Uniswap Liquidity
pools, and their Fee alchemy…remember what alchemist coin does.
It takes Uniswap
LP tokens, and transforms them into crucible NFTs…putting the DeFi into NFTs & possible
connections to the big names in the crypto space. But don’t worry, I’m not forgetting about the
other big DeFi NFT name. NFY. Non Fungible Yearn. Had a rightful cooldown after a hype surge,
but this project is one I’m holding onto. Why? Well their NFTs, for transferable yield
bearing stakes…is pretty far along. They have had it live, the staking and unstaking of NFY
and LP tokens, transforming them into the NFTs. They have had a DEX build, for the trading of the
NFTs live for some time. They are ready to move to more LP tokens, besides just ETH & NFY. And like I
showed last week, March is big for these guys too, governance is coming real soon & right after
that is the project integration contract. But on twitter, there were some Telegram and
According to to a connected member, their are some tentative executions
coming. Including a partnership with Rari…Rari Capital that is. Rari is ranked pretty high…#212 on coingecko,
and an over 140 million dollar marketcap. And it would make sense this partnership, as going
to Rari’s website, they are about yield, built on top of the industries biggest products, and are
more than just a yield aggregator. Could that more, be integrating yield bearing NFT assets?
Highly possible, Cheers I’ll see you next time! you