BSKT Lab

The BSKT Lab serves as the core infrastructure enabling widespread adoption of ERC-7621 token technology. Users utilize the lab to design and deploy new tokenized baskets on the blockchain. Secondary users can also employ the BSKT Lab to create and redeem BSKT LP tokens in existing baskets.

To mint a new ERC-7261, users connect a compatible web3 wallet and add the token contracts for the desired underlying tokens. ALVA is automatically included in each basket at a minimum weighting of 5%, with the remaining 95% customizable by the manager. Cross-chain basket creation will be supported in V2 by adding tokens from any compatible blockchain.

Once tokens with a combined weighting of 100% are added, the ERC-7621 is ready to be minted. Successful minting requires a minimum amount of 0.1 ETH (or equivalent). The creator can personalize their BSKT with any artwork of their choosing.

Upon minting, the ERC-7621 is held by the creator, granting access to both management rights and fees. The creator also possesses BSKT LP tokens representing their minimum 0.1 ETH capital investment. These tokens are tradable on AlvaraX and redeemable at NAV value via the BSKT Lab.

While the BSKT token is held by the creator, the underlying assets remain non-custodial. The creator only has access to personally contributed assets (i.e. 0.1 ETH minimum at deployment + any later contributions) represented by the BSKT LP tokens they hold.

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