Alvara Protocol

Alvara is building the infrastructure for the decentralization of tokenized basket management utilizing the new ERC-7621 basket token standard. At the core of Alvara's ecosystem is its BTS Factory, providing fund managers with the ability to design their own on-chain funds and mint BTS (Basket Token Standard) tokens. Investors will be able to contribute to and redeem from any BTS fund minted on-chain. When investors contribute to a BTS, they receive LP tokens which, in addition to representing their stake, play a crucial role in the governance revolving around every BTS fund. Alvara's leaderboard pulls the data for every BTS minted on-chain and allows users to track and filter by multiple parameters. The information on the leaderboard will be crucial for investors decisions regarding which BTS to invest in. When a fund manager wants to sell their BTS fund and the rights to all the management fees, the BTS can be listed on Alvara's marketplace where potential buyers can view, bid and buy. ALVA and veALVA are the two tokens driving Alvara's protocol, both key factors in the growth and governance of the ecosystem.