FAQ
General
What is Alvara Protocol? Alvara is a decentralized asset management platform where anyone can create, manage, and invest in tokenized investment portfolios (BSKTs) on-chain. It combines permissionless fund creation with gauge weight governance to create an open, competitive fund management ecosystem.
Do I need to sign up or create an account? No. Alvara is a decentralized application. You only need a Web3 wallet (MetaMask, Coinbase Wallet, etc.) to interact with the platform. No email, KYC, or registration required.
Which chains does Alvara support? BSKTs, staking, and DAO governance all operate on Ethereum mainnet. Base support is planned for Q1 2026. ALVA is also available on Avalanche.
BSKTs
What is a BSKT? A BSKT is a tokenized portfolio of ERC-20 tokens, built on the ERC-7621 standard. It functions like an on-chain index fund or ETF, managed by a single wallet address.
Can I lose money investing in a BSKT? Yes. BSKTs hold volatile crypto assets whose value can decrease. The manager's allocation decisions may not always perform well. Only invest what you can afford to lose.
Can the manager steal my funds? No. BSKTs are non-custodial. The manager can change the basket's token allocation (rebalance), but cannot withdraw investor funds. Only you can redeem your LP tokens.
Can I withdraw at any time? Yes. There are no lock-up periods for BSKT investments. You can redeem your LP tokens for ETH or underlying tokens at any time.
Why do BSKTs include ALVA? On Ethereum, BSKTs currently require a minimum ALVA allocation, which connects every basket to the Alvara ecosystem and creates organic demand for the token. With the upcoming Base deployment, including ALVA becomes optional but incentivized through reduced platform fees.
Creating & Managing BSKTs
How much does it cost to create a BSKT? The minimum seed capital is 0.1 ETH, plus a small creation fee (percentage of the deposit) and Ethereum gas fees.
Can I manage multiple BSKTs? Yes. There is no limit on the number of BSKTs a single wallet can create and manage.
Can I transfer management rights? Yes. Management rights are represented as an NFT and can be transferred to another wallet.
Staking & veALVA
What is veALVA? veALVA (vote-escrowed ALVA) is the governance token earned by locking ALVA. It provides voting power in gauge weight elections and earns staking rewards.
Can I unlock my staked ALVA early? For time locks: No. You must wait until the lock period expires to withdraw. For forever locks: No. Forever locks are permanent and irreversible.
Does veALVA decay? For time locks, yes, veALVA decays linearly as the lock approaches expiry. For forever locks, no, veALVA is permanent.
Which locks earn staking rewards? Locks of 3 months or longer earn staking rewards. 1-week and 1-month locks provide veALVA governance power but no staking rewards.
Can I add more ALVA to an existing lock? Yes. You can increase the locked amount at any time, which increases your veALVA balance.
DAO & Governance
How does gauge weight voting work? Each epoch, veALVA holders vote to allocate ALVA rewards across BSKTs. BSKTs that receive more votes earn a larger share of rewards, which flow to their depositors.
How often are epochs? Typically one week per epoch.
How do I claim DAO rewards? Navigate to the DAO page in the app, select the Claim Rewards tab, and claim per-epoch or batch-claim all pending rewards. Claims happen on Ethereum mainnet.
Do I need a minimum veALVA to vote? No minimum is required to vote. However, creating governance proposals requires more than 2,000 veALVA.
Security
Have the contracts been audited? Yes. Alvara Protocol's smart contracts have been independently audited by CertiK, QuillAudits, and Adevar Labs. Audit scope varies by component and deployment; see the Audits page for full report details.
What is MEV protection? MEV protection prevents front-running and sandwich attacks on your transactions. All swap operations in Alvara are MEV-protected automatically.
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