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What is Alchemyfinance.io?

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Thunder
14/02/2023
5 Mins Read

The Arbitrum chain is a layer 2 scaling solution for Ethereum that provides fast, secure, and low-cost transactions. With its growing popularity, many DeFi projects are now being built on the Arbitrum chain, and Alchemyfinance is one of them.

What is Alchemyfinance?

Alchemy Finance is a decentralized platform building first on the Arbitrum blockchain and the adding BSC network, which uses AI to manage and curate a diversified basket of cryptocurrency assets. It is a cutting-edge platform that offers a range of innovative financial services, including yield farming, staking, and liquidity provision.

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The platform is designed to be open, transparent, and accessible to everyone, and it is committed to delivering high-quality products and services to its users. Whether you are a seasoned DeFi user or just getting started, Alchemyfinance is definitely worth considering.

What Makes Alchemyfinance Different from Other Projects?

Alchemyfinance stands out from other DeFi projects in several ways.

Firstly, it has a unique yield farming mechanism that allows users to earn rewards by providing liquidity to its pools. This mechanism is different from other projects, as it uses a combination of traditional yield farming and liquidity provision to maximize user rewards.

Secondly, Alchemyfinance offers a fully decentralized platform, meaning that users have full control over their funds and the platform is not controlled by any central authority.

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This Certificate is Proudly Presented To @Alchemy_Fi

Project Features

Yield Farming: Users can earn rewards by providing liquidity to Alchemyfinance’s pools.

The ROI

However, like with any bot, returns are predictable but not guaranteed. Some days the bot might produce an incredible 5% while others might result in a loss of -1%, either way, users can expect an average of 2.5% daily return on their deposit. And the roi is changed daily depending on the profit of the bot

Liquidity Provision: Users can earn rewards by providing liquidity to the platform’s pools.

Staking

Users can deposit stable coins such as USDC, BUSD and USDT and get a reward from it, enables up to 5% daily APR.

Decentralized Platform: Alchemyfinance is a fully decentralized platform, meaning that users have full control over their funds and the platform is not controlled by any central authority.

Highlights of the Alchemyfinance Project

The AI Trading

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Alchemy utilizes AI trading bots optimized for individual trading pairs (i.e. BNB-BUSD) and optimizes them with our own developers in order to maximize return and mitigate loss.
Alchemy sources bots from closed repositories on GitHub and optimizes the source code in order to prevent any errors or mistakes.
When Alchemy optimizes the source code, Alchemy devs perform a complete audit, and when appropriate, an overhaul of the source code to optimize the bot to trade the appropriate pair.
When a bot is in loss, Alchemy has the power to intervene and prevent any significant loss of funds in the trade.
At least one of 4 trading experts in the team monitors bot trading and records trade activity for review.
The primary trading strategy of Alchemy’s bots revolves around MEV, also known as maximum extractable value.
This incorporates trading practices including, but not limited to, front running, sniping, and DEX pair arbitrage.
Alchemy is more than happy to post profits and losses from the bot in our UI dashboard but we are refraining from revealing the pairs that our MEV/Flashbots operate on.
The risks, though mitigated, stiil exist. MEV and frontrunning in particular is volatile to our protocol if existing frontrunning bots are operating on the same DEX pair as our flashbots.
To mitigate this risk, the Alchemy team oversees all wallet TX activity and closely monitors a trading pair using tools like DEXScreener and DEXTools to monitor if there are any existing frontrunner bots on certain trade pairs.
A complete analysis is performed on each trade pair before we deploy our frontrunners, snipers or arbitrage bots into play. We take into consideration all factors including slippage, pair volume, and buy/sell fees or taxes.

The Pools

Alchemy offers users two separate investment pools on BSC and Arbitrum chain, all of which trade with optimized AI bots for each pool pair to earn daily rewards.
Here are the pools that Alchemy currently offers users to deposit into:
When depositing into a pool, initial capital will be locked up for 28 days and traded with for 28 days. The 28 day lockup ensures that Alchemy’s bots have enough time to produce a large enough return that will be able to cover withdrawals and support more new deposits coming in.
After 28 days, users are free to withdraw their initial deposit.
Users can withdraw their rewards to their wallet every 24 hours.
Alchemy will expand its pools and offer more token deposits in the future as the fund grows.
Users can expect a similar average ROI across each pool ranging from about 1% to beyond 5% per day.
Users can withdraw rewards to their wallet every 24 hours.
All pools have 2% of deposit fee for marketing and team
There are no withdrawal limits on any pool.

Referral

Alchemy offers users a referral program for onboarding anybody using their individual referral link.
Users will earn 10% of all referee rewards and these funds will be available in your dashboard immediately for withdrawal.
There is no limit on how much users can earn from referral commissions.
And you can make your own funds sending referrals to any investors.

Project Token

updating ….

Roadmap

-Stage 1

  • Website design (completed)
  • Complete smart contract (completed)
  • Community Building (completed)
  • Project KYC (completed)
  • Stable Coin Reward Protocol launch on Arbitrum (completed)
  • Partnership Announcement (completed)
  • Stable Coin Reward Protocol launch on BSC (not completed yet)
  • Alchemy Leverage Trading Protocol launch on Arbitrum (not completed yet)
  • Alchemy Leverage Trading Protocol launch on BSC (not completed yet)
  • Project Audit (in progress)

-Stage 2

  • More partnerships (not completed yet)
  • Alchemy DEX Launch on BSC & Arbitrum (not completed yet)
  • Alchemy Farm Launch on BSC & Arbitrum (not completed yet)
  • Global Marketing Campaign (not completed yet)
  • Listing on Coinmarketcap (not completed yet)
  • Listing on Coingecko (not completed yet)
  • Linting on Multichain (not completed yet)
  • Alchemy DAO Released (not completed yet)
  • New RoadMap Released (not completed yet)
  • Listing CEX

Project Socials

Website: https://alchemyfinance.io

Twitter: https://twitter.com/Alchemy_Fi

Telegram: https://t.me/official_AlchemyFi

Discord: https://discord.com/invite/mMGKrNr3gH

Final Thoughts

Alchemyfinance is a promising decentralized finance project that aims to provide a new type of finance platform that is open, transparent, and accessible to everyone. With its unique yield farming mechanism, fully decentralized platform, and user-friendly interface, Alchemyfinance is poised to become a major player in the DeFi space. Whether you are a seasoned DeFi user or new to the world of decentralized finance, Alchemyfinance is definitely worth keeping an eye on.

Through the above article, CryptoChill has helped you know about the Stader Labs and the highlights of the project.

Disclaimer: This post is not investment advice. You will be 100% responsible for your investment decisions.
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