Fund management in crypto has remained mostly off-chain or centralized

@AlvaraProtocol is changing that with a fully decentralized basket protocol built on its own ERC 7621 standard 🧺

It enables anyone to launch customizable, actively managed portfolios for almost any token available

Managers control allocations, rebalancing, and strategy, while earning a 1% annual fee based on AUM (TVL), but paid monthly

Users gain exposure through Basket LP Tokens (ERC 20), which function like shares in the overall portfolio.

When a basket is created using the ERC 7621 standard, the holder defines the underlying token mix and allocation strategy.

Users can then deposit into the basket and receive LP tokens that represent their proportional ownership of the entire portfolio.

For example, if a basket consists of ETH, AAVE, and PENDLE, a user who deposits capital receives LP tokens tied to that specific mix. Diversification is the feature, nicely packaged under a single contract.

These tokens are fully redeemable at NAV, tradable on Alvara’s orderbook DEX, and composable with other DeFi protocols.

Whether it’s blue-chip assets, memes, yield-focused strategies, or RWAs, Alvara makes it possible to create transparent and verifiable baskets of literally any combination of tokens.

Each basket includes a 5 percent allocation of the native utility token.

$ALVA supports staking and governance through a vote escrowed veALVA model.

The Ethereum mainnet launch is scheduled for mid-August, with full discretionary basket control 🤝

Version two, coming later this year, will introduce DAO controlled baskets where LP holders vote on fund decisions.

The design also allows for future expansion into tokenized stocks, T-Bills, FX, and other financial instruments

With ERC 7621 pioneered in-house, Alvara holds a first-mover advantage and is positioning itself as the foundational layer for onchain asset management.