London, April 2, 2026: Alvara Protocol, the infrastructure layer upon which the ERC-7621 Basket Token Standard (BSKT) is built, today announced the launch of its platform on Base, Coinbase’s Layer 2 network, as well as a comprehensive V2 platform upgrade introducing new features for basket creation, portfolio management and community governance.
The deployment marks a significant milestone for on-chain funds management, reducing transaction costs and faster execution to ERC-7621, and allowing anyone to create, manage and invest in tokenized multi-asset wallets.
Why Base: strategic alignment
Base’s high-performance infrastructure provides a robust environment for Alvara’s basket token ecosystem. The integration allows users to create and trade BSKT with significantly reduced gas fees while maintaining Ethereum’s security guarantees.
“Base represents the next step in making on-chain money management truly accessible,” said Callum Mitchell-Clark, co-founder of Alvara Protocol. “Lower costs mean more users can participate, whether they are managing their first shopping cart or starting a portfolio management business.”
Composability and scale
The expansion allows Alvara vaults to integrate with core native applications, helping to reduce gas costs and expand composability. On-base builders can now leverage Alvara’s yield primitives directly in their dApps.
This launch marks the first step in Alvara’s multi-chain roadmap, laying the foundation for continued ecosystem expansion.
V2 Platform Upgrade
Alongside the base deployment, Alvara is introducing a complete overhaul of V2:
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Cart templates and policy tags: Get started faster with pre-built frameworks
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Rankings and profiles of managers: performance rankings and dedicated pages
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Trust Layer: Gitcoin Passport Verification, X Verification, Xerberus Risk Assessments
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Streamlined UX: 1inch-powered deposit and trade flows with real-time quotes
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DAO Dashboard: Evaluate ALVA weights, rewards, and metrics in one place
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Community: Token Telegram for BSKT holders, multilingual support
Availability
Alvara Protocol V2 is now available on Base at alvara.xyz
About the Alvara Protocol
The Alvara Protocol is the infrastructure layer for on-chain fund management, built on the ERC-7621 Basket Token standard. The platform allows anyone to create, manage and invest in tokenized multi-asset portfolios with complete transparency and composability. For more information, visit alvara.xyz
Media contact:
Nathalie Marsan
(email protected)
Twitter/X: @AlvaraProtocol
This press release is for informational purposes only and does not constitute financial advice. Creating and managing shopping carts involves risks.
