Unpacking the Mechanics: How does the Alvara Protocol work?

Alvara Protocol
4 min readOct 18, 2023

Let’s dive into the Alvara Protocol — your gateway to decentralized fund management. Built on the innovative ERC-BTS (Basket Token Standard), Alvara provides a powerful solution that’s becoming the gold standard for anyone, whether you’re an individual or an institution, looking to create, manage, or sell a fund on the blockchain.

So, let’s break it down. In this article we’ll look at the core elements that set the Alvara Protocol apart. We’ll demonstrate how these features effortlessly fit together to transform not only DeFi, but the broader financial landscape.

First things first, what’s Alvara solving?

The Alvara Protocol is here to transform the world of fund management. How? By simplifying the processes, tearing down those old, complicated barriers, and introducing the ERC-BTS token standard. But what does this all mean? It means we’re making it easy for anyone to create, manage and sell funds, ensuring it’s straightforward, accessible, and competitive for all. A true meritocracy.

Alvara’s BTS Factory: Creating Tokenized Baskets

At the core of Alvara Protocol you’ll discover the BTS Factory — a powerhouse for creating tokenized baskets of assets. The BTS Factory offers an accessible and user-friendly interface, making it easy for both seasoned investors and those just starting in DeFi to design and mint ERC-BTS tokens. An ERC-BTS token represents your fund, granting you the power to kickstart your journey as a fund manager.

How it works:

Fund creation is as easy as connecting a compatible web3 wallet, such as Metamask or Trust Wallet, adding the token contracts of your chosen assets, choosing weightings and naming and branding your ERC-BTS.

The Leaderboard

After creation of a BTS, it’s performance metrics will be loaded on the fully public competitive leaderboard. Whether the BTS is minted from the factory contract, or coded by hand, Alvara recognizes the BTS just like how Opensea recognizes any NFT. Every BTS manager is displayed against everybody else, no matter their circumstances, background or education.

Alvara’s Marketplace: A Hub for Tokenized Baskets

The ERC-BTS Marketplace is the hub for buying and selling valuable BTS tokens, similar to an NFT auction site. Here, anyone who owns or creates a BTS token can list it for sale.

Explore a variety of ERC-BTS baskets created by others, each with its own unique composition and investment strategy. Alvara strives for transparency, offering detailed information about each fund listed for sale— allowing buyers to make informed decisions effortlessly.

What’s really neat is that when you buy one, you’re not just getting the token itself; you also score the rights to manage the fund and begin receiving the earnings it generates. Alvara has you covered from start to finish, whether you’re creating, managing, buying or selling your fund.

Alvara DAO: veALVA holds the power

Staking your ALVA tokens on our platform grants you entry to the Staking Rewards Vault (SRV) which is replenished with a percentage of all fees collected by the platform. However, the true reward is the veALVA you receive.

Alvara is a decentralized autonomous organization (DAO) that is governed by those holding veALVA. The Alvara DAO makes decisions regarding the distribution of the colossal ALVA reward stream — an impressive 44% of the token’s total supply.

Alvara: Game-changing technology

Alvara makes it easy for people from all walks of life to dive into fund management. With the ability to seamlessly create and mint BTS tokens, a career as a fund manager is within reach. It’s not just a solution; it’s a complete game-changer, transforming fund management into an accessible and democratic opportunity.

Mark your calendars: the TGLP sale for Alvara Protocol’s native token, ALVA, is scheduled for February 2024. Secure ALVA tokens and participate in this groundbreaking ecosystem from its earliest stages through to global prominence.

About Alvara

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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