Crypto index and basket protocols aim to allow users to gain exposure to a group of assets through a single token. On the latest episode of CryptoSlate’s SlateCast podcast, host Liam “Akiba” Wright and CEO Nate Whitehill spoke to Alvara Protocol co-founder Dominic Ryder about his project’s goal of creating an open standard for crypto baskets.
Ryder explained that Alvara Protocol has built a new token standard that takes time to get full approval, noting that even Vitalik has written articles about the ERC-6551, which is still pending. In contrast, the widely used ERC-20 itself took two years to finalize.
Alvara’s token standard, ERC-7621, intends to standardize how token baskets operate on Ethereum. According to Ryder:
“The idea of the ERC-7621 is to standardize and allow for a comparison of baskets of tokens against each other. At present, there’s a lot of people in this area, but everyone’s doing it a little bit differently.”
Facilitating scalability through decentr
We współpracy z: https://cryptoslate.com/podcasts/alvaras-erc-7621-token-standard-promises-a-robust-framework-for-crypto-indexes/
