Project Stone Transmutation

"Project Stone Transmutation" is our response to the challenges and opportunities that have shaped the Alchemist journey. We remain committed to retaining the core ideas and essential parts of our original model. A key shift is the 1% inflation every two weeks, with all inflation now directed as esMist (EscrowedMist) – it's a strategic decision to align incentives for our community. The esMist model provides a 1-year linear vesting period, enabling tokens to be vested in a vault according to predetermined ratios.

Escrowed Mist (esMIST) can be:

• Staked for farming more esMIST.
• Vested to transform into MIST tokens over 1 year linear

MultiplierPoints (MP) is a mechanism to reward long-term holders. Tokens staked accrue points continuously. On unstaking, a proportion of MP is deducted, ensuring the value of the remaining points.

A few Challenges We Identified:

• Addressing inflationary pressures through strategic measures.
• Tackling the complex task of distributing undistributed MIST.
• Enhancing our token distribution mechanisms to mitigate adverse effects.
• Overcoming governance difficulties and other challenges.

The integration of EtherTulips amplifies our path forward. We're bringing the EtherTulips community and team into the Alchemist family. Both Alchemist & EtherTulips stem from our shared creator, aiming to synergize our efforts and expand our capabilities. The EtherTulips team, post-integration, will be a key part in shaping the new governance layer for our incubation model based on our new tokenomics.

With this evolution, we aim to:

• Transition to a more agile and responsive tokenomics/governance model, tailored to the needs of our short council terms.
• Lay a resilient foundation that supports continuous growth and evolution.

By combining our strengths, refining our token approach, and building a united community, "Project Stone Transmutation" sets the stage for a stronger and more aligned Alchemist journey.