Installing ALVR 20.4.3-2 installs alvr-19.1.0.r0.g969899c7-1

This is the version currently in the Chaotic-AUR repo, so the one you most likely would pick up with pacman or octopi (but they should offer you the available “options”).

Is available in the AUR.
I guess it will be a matter of hours for it to be built in the Chaotic-AUR.
If you don’t mind building it

paru alvr

should work. I don’t know why yay didn’t. Maybe for some reasons you ended up to the Chaotic AUR?
If you don’t see the new version in the Chaotic-AUR let’s say within the next 24hh, you should ask for it here:

Edit: you’ll have to ask for it in the thread above (if working from AUR), because it seems it was excluded appositely:

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