Alvara Protocol Testnet Launch: DeFi Reinvented

Alvara Protocol
2 min readApr 4, 2024

Alvara Protocol is proud to announce our official launch on testnet, marking a significant milestone in our mission to revolutionize decentralized finance. After extensive development, we are excited to invite users to experience the capabilities of our platform in a simulated test environment.

Unlocking the Future of Finance

With testnet now live, users have the opportunity to explore the platform firsthand. Testnet serves as a sandbox environment, allowing users to interact with our protocol, provide feedback, and help shape the future of Alvara and the impact we will have on both the DeFi and TradFi industries. We value the insights and suggestions from our community as we strive to refine and enhance our product, preparing it for both retail and institutional use.

Getting Started on Testnet

In response to the shutdown of the Goerli test network, we have migrated all contracts to the Sepolia test network. Users will need sepETH for gas fees and BTS contributions on the platform. Accessing sepETH is made easy through our integrated Sepolia faucet within the dApp. Simply follow the prompts to obtain sepETH tokens and start exploring the Alvara Protocol. Alternatively visit the official site.

Security and Audits

Ensuring the security of our platform is paramount, all Alvara Factory and BTS smart contracts have undergone thorough audits by industry-leading cybersecurity firm Quill Audits. You can review the full audit report here. Additional audits and comprehensive pentesting will be conducted prior to the mainnet launch.

Join the Excitement

To celebrate this milestone, we are hosting a BTS creation competition. Participants stand a chance to win 1 ETH as an initial BTS contribution, sponsored by Alvara. Join us on Twitter, like, and retweet to enter this huge competition and get ready to mint your exclusive BTS on mainnet.

Embracing the Future of Finance

At Alvara, we’re dedicated to revolutionizing the financial realm, by simplifying the processes, tearing down those old, complicated barriers, and introducing the ERC-7621 token standard. Join us as we unveil our innovative, fully decentralized solution, shaping a future where finance is transparent, efficient, and fair for everyone.

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.

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