# Protocol Eligibility

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Data as of September 2021
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Protocol assessment will evaluate quantitative factors, qualitative factors and risks. Since evaluating the protocols is more complicated than evaluating assets, we will separate the evaluation into two levels: 

* The basic qualification is the first fundamental assessment for protocols. We can give a score clearly, and this score can be applied to other relevant strategies.
* Specific qualification is the second step in assessing complicated protocols. Again, the fund managers can determine the relevant factors and select the suitable protocols at their discretion without rating with scores. 

In the assessment process, every protocol has to pass the basic qualification assessment. Then the shortlisted protocols will be given to the fund managers for the specific qualification assessment. Although the fund managers have the final authority to select the suitable protocols, they cannot add new protocols that haven’t gone through the basic qualification assessment process. 

{% content-ref url="/pages/HpXb5BwXhZOYMcGWzaJA" %}
[Layer 1 Protocol Eligibility](/avareum/investment-strategies/avareum-money-market-fund/eligibility/layer-1-protocol-eligibility.md)
{% endcontent-ref %}

{% content-ref url="/pages/1IR7eKcWfpY5rh5PG6RI" %}
[Layer 2 Protocol Eligibility](/avareum/investment-strategies/avareum-money-market-fund/eligibility/layer-2-protocol-eligibility.md)
{% endcontent-ref %}


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