Token Overview
ALVA is the native utility token of the Alvara Protocol. It serves as the foundation for governance, staking, and the BSKT ecosystem.
Core Functions
1. Governance
Lock ALVA to receive veALVA, the protocol's governance token. veALVA holders vote in gauge weight elections each epoch, directing ALVA rewards to BSKTs. veALVA is also used for Snapshot governance proposals.
2. BSKT Fee Reduction
Including ALVA in a BSKT's allocation unlocks reduced platform fees. On Ethereum, a minimum ALVA percentage is currently required. With the upcoming Base deployment, this becomes a variable parameter — including ALVA is incentivized through fee reductions rather than being mandatory.
3. Staking Rewards
Stakers earn ALVA rewards proportional to their lock duration and amount. Rewards are funded by ALVA bought back from a percentage of platform fees. The reward system incentivizes long-term commitment to the protocol.
Token Properties
Standard
ERC-20
Maximum Supply
Fixed cap (not mintable beyond max supply)
Burnable
Yes, forever-locked ALVA is effectively removed from supply
Inflationary
No, supply is capped and deflationary via burning/locking
Multi-Chain Availability
ALVA is available on multiple chains:
Ethereum Mainnet: BSKT Lab, staking platform, governance, and DAO reward claims
Base: ALVA trading and DEX liquidity available; BSKT Lab deployment planned Q1 2026
Avalanche: ALVA trading and DEX liquidity available
ALVA can be bridged between Ethereum, Base and Avalanche via cross-chain bridges (Axelar / Squidrouter). DEX liquidity for ALVA is available on each supported chain. Your total ALVA balance across all chains is displayed in your Portfolio.
Deflationary Mechanics
ALVA has multiple deflationary forces:
Forever locks: ALVA locked permanently in the staking contract is removed from circulating supply
BSKT allocation: ALVA locked inside BSKTs reduces available supply
Fixed cap: No additional ALVA can be minted beyond the maximum supply
Over time, the effective circulating supply decreases as more ALVA is locked in staking contracts and BSKTs.
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