Alvara Product Update: March 2024

Alvara Protocol
3 min readMar 28, 2024

In our latest strides towards enhancing user experience and functionality, we’re excited to share the recent developments on the Alvara platform:

Completed:

  1. Migration to Sepolia Test Network: In response to the cessation of the Goerli network, we have now migrated our smart contracts to the Sepolia network.
  2. Deployment of Test Tokens: We’ve deployed a number of test tokens on the Sepolia network, including UNI, SAND, MANA, FLOKI, VEMP, CULT, UNI, MATIC, LINK, and of course ALVA, serving as essential components for testing ERC-7621 creation.
  3. Liquidity Provision: Liquidity of test tokens has been provided on Sepolia Uniswap v2, ensuring seamless trading and testing experiences for our users.
  4. UI Enhancements: Our UI has undergone improvements including the implementation of a dark theme version on the homepage enhancing accessibility and visual appeal.
  5. Backend API Integration: We’ve implemented a backend API to fetch contract events from smart contracts, facilitating the accurate display of BTS activity for users.
  6. Live Pricing Data Integration: CoinGecko’s API for live pricing data has been integrated, providing users with up-to-date market information to mirror mainnet pricing.
  7. UI Responsiveness: Several improvements have been made to enhance UI responsiveness across different pages, ensuring a smooth and seamless browsing experience for users.

Ongoing Tasks:

  1. Leaderboard Page Development: We’re currently finalizing development of the leaderboard, ensuring accurate data feeds and rankings for each metric.
  2. Remaining Token Deployments: Deployment of remaining test tokens, along with the implementation of slippage logic in the BTS factory contract.
  3. CoinGecko API Integration: We’re continuing to integrate CoinGecko’s API to provide comprehensive market data and insights to our users.

We are progressing according to schedule with testnet release planned for April 4th 2024. We eagerly anticipate introducing Alvara to the broader community and will ensure to keep you updated every step of the way. Should you have any questions or feedback, please don’t hesitate to reach out to us.

If you represent a project and would like to have your token included in the testnet dropdown menu, we encourage you to reach out to us. We’re always looking to expand and enhance our offerings, and we welcome the opportunity to collaborate with innovative projects. Please don’t hesitate to get in touch with us to discuss further details. We look forward to hearing from you!

About Alvara Protocol

The Alvara Protocol is a decentralized platform that utilizes the ERC-BTS (Basket Token Standard) to create and manage funds on the blockchain. Alvara offers a comprehensive fund Factory and Marketplace, with a transparent leaderboard showcasing the performance of every BTS created. ALVA and veALVA tokens assume crucial roles in driving the ecosystem’s growth and governance with veALVA holders wielding significant influence over the substantial ALVA reward stream. Removing traditional barriers, Alvara fosters a democratic meritocracy in crypto investing, enabling full lifecycle fund management, from creation to ownership transfer, within its seamless framework.

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