AlvaraX

AlvaraX operates as a decentralized orderbook exchange (DEX) specifically designed for trading BSKT LP tokens. Users have the opportunity to deposit liquidity by pairing BSKT LP tokens with ETH or other assets, enabling them to earn fees based on the trading volume. AlvaraX not only facilitates arbitrage opportunities but also encourages active trading with minimal fees.

When a user invests capital in a BSKT on Alvara's platform, they receive unique BSKT LP tokens, representing their stake in the corresponding BSKT. Subsequently, BSKT LP holders can contribute these tokens to the basket's AlvaraX liquidity pool either independently or in conjunction with its paired asset (ETH/USDT/AVAX/BNB). In return for providing liquidity, the LP holder is issued HiveX LP tokens, reflecting their ownership share in the liquidity pool.