Alvara Protocol Major Release — Version 0.0.2
Date: October 16, 2024
We are pleased to announce significant enhancements to the Alvara Testnet. These updates focus on improving the user experience, particularly in the portfolio section, where managers can now view all their BTS details, including those they have contributed and those they manage.
Key Updates:
- Portfolio Overview:
Users can now see distinct sections for open, closed, and managed BTS, providing a clear overview of their current portfolio and its details. - Wallet Address Visibility:
Users who are not BTS managers can view the wallet address directly in the URL by being redirected from the BTS activity sections. Additionally, clicking on ‘Explorer’ will take them to Etherscan for transaction details. - UI Improvements:
We’ve made several enhancements to the user interface to improve overall user experience.
New Functionality: Portfolio Module
We’ve introduced a new Portfolio module where users can view all BTS details related to their wallet. This feature allows for a seamless experience in managing portfolio details. A user’s BTS will appear under ‘Open BTS Position’ when they contribute and will move to ‘Closed BTS Position’ once they redeem.
- List and Card Views:
Users can switch between a list view and a card view for better navigation and interaction, enhancing overall usability. Each view offers a different perspective while maintaining consistency across the interface. - Mobile Compatibility:
We’ve improved mobile compatibility specifically for the Portfolio module, with plans to enhance responsiveness across other modules as we progress.
New Functionality: 7-Day Performance
The leaderboard now features a 7-day performance tracker! Users can monitor the performance of any BTS over the past week, displayed as a percentage and through a dynamic graph. Positive changes will be highlighted in green, while negative changes will appear in red. This feature allows users to make smarter investment decisions based on real-time trends.
Backend Enhancements and New Feature Implementations
We have made significant improvements to the backend system to ensure real-time processing and enhance overall performance. Previously, users experienced delays in leaderboard updates when BTS was created, as well as actions like Contribute BTS, Update BTS, Redeem in ETH, and Redeem in Tokens. Now, all these actions reflect instantly for a seamless user experience.
Key Improvements Include:
- Real-Time Event Handling: Immediate updates across the platform based on relevant events.
- Optimized Cron Jobs: Streamlined processes to improve efficiency and resource utilization.
- Retry Mechanism for RPC URLs: Introduced to ensure system reliability and reduce request failures.
- Custom Router Implementation: Completed integration with newly deployed smart contracts, resolving previous pricing issues.
- Staging Environment Setup: Established for testing and validating changes before production deployment.
- New ERC-20 Tokens Added: Expanded token compatibility with multiple new ERC-20 tokens.
- 7-Day BTS Calculation Functionality: Implemented for better tracking of BTS performance.
- Enhanced Backend Structure: Restructured for greater scalability and maintainability.
- Resolved Monthly Data Issues: Addressed and fixed discrepancies in monthly data reporting.
These updates, along with various UI and functional enhancements, ensure a more robust and responsive system, laying the groundwork for future scalability.
Our team has worked diligently to bring this major release to life, and we’re excited for the new opportunities it will unlock.
About Alvara Protocol
The Alvara Protocol is a decentralized platform that utilizes the ERC-7621 (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.
