ERC-7621 Token Technology
The ERC-7621, known as the Basket Token Standard, allows users to pull a collection of assets into a single, manageable
public basket called a BSKT.
The BSKT Lab provides a smart contract interfaces for ERC-7621 token deployment. Every BSKT, whether created manually or through the BSKT Lab, is automatically included on the Alvara Leaderboard.
The steps
Name your BSKT and add a logo to make it stand out. Be creative and welcoming to potential contributors. Provide detailed descriptions to illustrate your allocation strategy.
Select the tokens you want to include in your basket—any ERC-20 tokens for now, with the potential for tokens from different blockchain networks in the near future.
Decide on the percentage weighting of your chosen assets. You also have the option to set up automatic monthly rebalancing for added convenience.
Simplified creation process
Four easy steps to create your BSKT. We handle all of the complexity on the backend to process basket token creation.
Minting fees
The creation mechanism enables users to create (mint) new BSKT LP tokens at the net asset value (NAV) of the underlying assets with any BSKT. The Alvara Foundation charges a 0.5% fee for each new BSKT minted.
BSKT Creation
The minimum for initial minting of a new BSKT is 0.1 ETH. Once minted, the creator holds the BSKT token and associated BSKT LP tokens. These tokens represent the initial ETH deposited into the smart contract.
