TLDR
- ERC-7621 enables fully fungible ERC-20 LP tokens for cross-DeFi integration.
- The mainnet allows anyone to create and manage tokenized investment baskets.
- On-chain transparency ensures verifiable fees, rebalancing, and fund actions.
- The launch introduces a permissionless framework for decentralized fund management.
Alvara Protocol has launched its public mainnet, deploying the ERC-7621 basket token standard into live production. The launch allows users to create, manage, and trade tokenized investment baskets with full transparency and interoperability. This release brings a new level of composability and liquidity to decentralized finance (DeFi), setting a foundation for open, standardized fund management infrastructure across the Ethereum ecosystem.
ERC-7621 Standard Introduced to Live Environment
The Alvara Protocol mainnet introduces ERC-7621, a standard designed to support tokenized investment baskets that operate seamlessly across DeFi applications. This framework allows developers and fund managers to build products that can interact with lending platforms, decentralized exchanges (DEXs), and liquidity protocols without custom integrations.
Unlike traditional or proprietary basket systems, ERC-7621 issues fully fungible ERC-20 liquidity provider (LP) tokens. These tokens can be traded, staked, or used as collateral, making them compatible with existing DeFi protocols. The standardized nature of ERC-7621 promotes cross-protocol functionality, reducing the need for isolated solutions.
According to Alvara Protocol co-founder Dominic Ryder, “Other basket solutions in the market are essentially closed systems. With our mainnet launch, we’re proving that ERC-7621 isn’t just a standard on paper—it’s a production-ready framework that delivers what the industry actually needs: composable, transparent, and truly decentralized fund management infrastructure.”
Transparent and Permissionless Fund Management
The mainnet implementation enables on-chain transparency for fund managers and investors. Every action within the ERC-7621 framework—basket creation, asset rebalancing, and fee allocation—is recorded and verifiable on-chain. This structure ensures that fund operations remain open and auditable without centralized intermediaries.
Automated fee mechanisms are integrated into the protocol’s smart contracts. Managers receive compensation directly through the blockchain, eliminating the need for off-chain settlements. This model supports a permissionless environment where anyone can establish a basket and manage funds without requiring approval or minimum capital thresholds.
The system’s permissionless design aims to democratize access to digital fund management, enabling both small and institutional participants to operate under the same transparent conditions.
Tools and Functionalities Available on Mainnet
Alvara’s mainnet release includes a set of practical tools to support fund management operations. The Basket Creation Interface provides a simple way to design tokenized baskets with specific asset compositions and management parameters. Liquidity mechanisms allow minting and burning of LP tokens that match deposits and withdrawals, keeping all actions consistent with ERC-20 behavior.
Automated rebalancing functions maintain portfolio targets using smart contracts, ensuring transparent and timely adjustments. Cross-protocol integration is another key feature, providing compatibility with major DeFi applications such as decentralized exchanges and lending markets.
Developers can access full documentation and integration guides through the Alvara platform at bskt.alvara.xyz. These resources are aimed at supporting projects that want to adopt or extend the ERC-7621 standard in their systems.
Setting a New Standard for Tokenized Baskets
Alvara Protocol positions ERC-7621 as the reference framework for decentralized fund management. The standard’s recognition by the Ethereum Foundation provides a trusted foundation for further adoption. It addresses challenges such as fragmented liquidity, opaque operations, and limited interoperability that have affected earlier basket solutions.
“The launch is not only about a new basket product,” said Ryder. “It’s about activating a new standard that the entire ecosystem can build upon.”
Alvara’s open architecture encourages collaboration and development across DeFi projects. With its mainnet now live, the protocol aims to strengthen the connection between fund managers, investors, and decentralized applications through a unified, transparent infrastructure.
Users and developers can now access the mainnet and explore ERC-7621 basket creation at www.alvara.xyz. The team also provides community channels on X (Twitter) and Telegram for ongoing updates and collaboration.
