With the upcoming launch of Prophecy’s central feature, Prophet Pools, their team hopes to improve the win rate of all participants within each of its lottery-like pools. Instead of the industry standard wherein a small minority win in lottery pools, Prophecy believes the majority should win. By default, around 60–90% of entrants into a Prophet Pool will win back more than they input, and even facilitate participants to create and customize those odds for more bespoke experiences for their end users.
As a developer platform, Alchemy excels by supporting the ambitions of teams like Prophecy Project while enabling them to solve new use cases. That’s why Alchemy is super excited to announce our partnership with Prophecy Project!
“It’s never easy trying to change an industry standard, but Prophecy Project seems to have found a way to make DeFi even more inclusive. Their core team has a bunch of folks who have a ton of experience in the ecosystem, so I’m excited for this launch. I think a lot of cool products are going to come from Prophecy,” said Paul Almasi, Co-Creator of Alchemy Amplify.
By leveraging Alchemy’s best-in-class platform, the Prophecy team will have access to the industry’s most scalable Ethereum API, allowing them to bring their game-changing application to users all around the world.
“Being able to access the industry’s most scalable Ethereum API for our upcoming Prophet Pools is a prospect the entire team is excited for. We’ve designed Prophet Pools to be the best of the best, truly industry leading in terms of what a DeFi product can deliver, and for this we wanted to reach out to the best of the best for API access. This partnership with Alchemy Amplify delivers on that and opens up so many new exciting pathways for both our projects,” said Apollo, Chief Marketing Officer of Prophecy.
While the Prophecy Project works on gamifying the DeFi experience, Alchemy’s developer platform will give them the reliability and performance they need to execute on their goals.
About Prophecy Project
The Prophecy team brings together years of collective experience in core blockchain development, software development, UX design, marketing, and the crypto industry as a whole. Prophecy is a DeFi ecosystem that launched at the end of 2020, and has an ever-growing community. Their sister suite of products - Retina - is set to launch in 2021. Soon to utilize a DAO structure labelled ‘Athens’, they focus on gamifying decentralized finance through their ecosystem of products. While Prophet Pools are the flagship product of Prophecy, their roadmap includes plans to deliver a swap, lending, privacy protocol, DAO governance, staking, and farming within the ecosystem. They are blockchain-agnostic and currently run on Polygon and Ethereum networks with more plans to offer more blockchains through 2021 and beyond.
Alchemy provides the leading blockchain development platform powering millions of users for 99% of countries worldwide. Our mission is to provide developers with the fundamental building blocks they need to create the future of technology and lower the barrier to entry for developers to build blockchain applications. Alchemy currently powers 70% of the top Ethereum applications and over $30 billion in on-chain transactions and has been featured on TechCrunch, Wired, Bloomberg, and numerous other media outlets. The Alchemy team draws from decades of deep expertise in massively scalable infrastructure, AI, and blockchain from leadership roles at technology pioneers like Google, Microsoft, Facebook, Stanford, and MIT.