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Summary of Alvara Protocol
- Created ERC-7621 (Basket Token Standard) and BTS Factory
- Enables anyone to create tokenized multi-asset funds and become a fund manager
- Funds are displayed on a public leaderboard with performance metrics
- Investors can contribute to funds and fund managers earn management fees
- Fund managers can create proposals for changes, and investors vote using BTS LP tokens
- Creates a meritocratic democracy within fund management
- No specific numbers or figures mentioned in the text
- No case studies, anecdotes, or examples mentioned in the text
Introducing Alvara Protocol: Pioneering the Future of Decentralized Finance
Alvara Protocol has pioneered the ERC-7621 (Basket Token Standard) and BTS Factory, empowering anyone to craft their own tokenized multi-asset fund and assume the role of a fund manager. All created BTS funds are showcased on a fully transparent leaderboard, where other investors can monitor performance metrics and opt to contribute to the fund. As more investors contribute to the fund, the fund manager’s management fees increase proportionally. The fund manager retains the authority to submit proposals for changes to the fund, and other investors can utilize their BTS LP tokens to vote on these proposals, fostering a genuinely meritocratic democracy within fund management.