Ethena’s open competition is the latest example of tokenized RWAs getting increasingly used in the crypto-native, decentralized finance (DeFi) world. Most recently, DeFi lender MakerDAO announced plans to invest $1 billion of backing assets of the DAI stablecoin in tokenized Treasury products, while ArbitrumDAO, an ecosystem development organization of Ethereum layer-2 Arbitrum, finalized a similar contest to allocate the equivalent of 35 million of ARB tokens in tokenized offerings.
Alvara Protocol Launches on Base with Major V2 Platform Upgrade, Bringing Onchain Fund Management to Coinbase’s Layer 2
London, 2 April 2026: Alvara Protocol, the infrastructure layer powering the ERC-7621 Basket Token Standard (BSKTs), today announced the launch...
