Overview

Alvara Protocol is a decentralized finance platform revolutionizing asset management through its innovative, merit-based approach and robust governance model. At its core, Alvara operates as a decentralized autonomous organization (DAO), empowering ALVA token holders who stake their tokens to receive veALVA, which grants governance rights and enables participation in protocol management and development. The protocol introduces the ERC-7621, known as the Basket Token Standard (BTS), alongside the BTS Factory, which simplifies the creation and deployment of tokenized asset baskets, allowing users to pool various tokens into public, manageable baskets. These multi-asset funds are displayed on the Alvara Leaderboard, providing transparency through performance metrics and rankings, while fund managers earn fees as more investors contribute to their BTS. The governance model is enhanced by veALVA, which is used during weekly gauge voting events to allocate ALVA reward streams to eligible BTS platforms, ensuring a meritocratic and democratic decision-making process. Additionally, the protocol incorporates a fee-based system where 0.5% of creation fees are burned to reduce token supply, and 0.5% supports the Alvara Foundation, fostering ecosystem growth. While the protocol's services are neutral, concerns arise regarding the inclusion of non-Shariah-compliant tokens in BTS offerings, prompting caution in investment decisions. By blending innovative asset management tools, decentralized governance, and commitment to transparency, Alvara Protocol positions itself as a significant player in the DeFi landscape, empowering individuals and institutions to manage and invest in tokenized baskets efficiently.

Whitepaper & Documents