Alvara Protocol, a decentralized platform powering money management infrastructure, today announced the official launch of its public mainnet, marking the implementation of the ERC-7621 basket token standard in a live production environment. This milestone enables anyone to create, manage, and trade tokenized investment baskets with unprecedented configurability and liquidity, fundamentally differentiating Alvara from traditional basket solutions. www.alvara.xyz
Benefits of ERC-7621: True configurability meets fund management
Unlike traditional basket solutions that rely on proprietary architectures and unapproved token standards, Alvara’s ERC-7621 implementation provides a standardized, Ethereum Foundation-certified framework that ensures seamless integration across the DeFi ecosystem. This standardization is important for institutional adoption and cross-protocol configurability.
Key differentiators:
Native Fungibility: ERC-7621 LP tokens are fully fungible ERC-20 tokens that can be used as collateral, traded on any DEX, or integrated into lending protocols. This is a feature that proprietary basket solutions cannot provide without custom integration. Transparent on-chain management: All basket configurations, rebalancing actions, and pricing structures are verifiable on-chain through the ERC-7621 standard, eliminating the opacity that plagues centralized basket products. Automated fee allocation: Built-in administrative fee mechanisms are automatically executed at the protocol level, eliminating the need for off-chain payment infrastructure and ensuring that custodians are compensated fairly and transparently. Permissionless infrastructure: Anyone can create a basket and become a fund manager without gatekeepers, approval processes, or minimum capital requirements, democratizing access in a way not possible with traditional platforms. Universal Liquidity Layer: By standardizing the representation of basket tokens, ERC-7621 enables a unified liquidity layer where all baskets can interact with the same DeFi primitives, dramatically reducing fragmentation.
“Other basket solutions on the market are inherently closed systems, creating siled products that are not interoperable with the broader DeFi ecosystem,” said Dominic Ryder, co-founder of Alvara Protocol. “With the mainnet launch, we are proving that ERC-7621 is not just a standard on paper, but a ready-to-operate framework that provides what the industry actually needs: a configurable, transparent, and truly decentralized money management infrastructure.”
Production-ready innovation
Mainnet launch includes:
Basket creation interface: Intuitive tool to launch custom tokenized baskets with configurable management parameters Liquidity provision mechanism: Seamless minting and burning of fungible LP tokens for contributions and withdrawals Automated rebalancing infrastructure: Smart contract-based portfolio adjustment with full transparency Cross-protocol integration: Native compatibility with major DEXs, lending protocols, and DeFi applications
Why ERC-7621 is important to the industry
While experimental standards like ERC-404 have gained traction, ERC-7621 has been officially recognized by the Ethereum Foundation and is positioned as the definitive standard for the tokenization basket due to its focus on fund management use cases. The protocol’s architecture overcomes significant issues plaguing existing solutions, including lack of composability, fragmented liquidity, opaque fee structures, and limited interoperability.
“We’re not just launching another basket product; we’re activating a new standard that the entire ecosystem can build upon,” Ryder continued. “That’s the fundamental difference. ERC-7621 creates a network effect that benefits everyone. Administrators have better tools, investors have more transparency, and the entire DeFi ecosystem gains new primates for innovation.”
availability
The Alvara Protocol mainnet is live and currently accessible at bskt.alvara.xyz. Developers interested in building on ERC-7621 have access to comprehensive documentation and integration guides on the platform.
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About the Alvara Protocol
Alvara Protocol is building a decentralized infrastructure for future basket management. By leveraging the ERC-7621 standard, Alvara eliminates traditional barriers to entry and creates a transparent, accessible, and configurable ecosystem where anyone can create, manage, and invest in tokenized baskets. This protocol represents a paradigm shift from centralized and opaque money management to open and permissionless financial infrastructure.
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