New Standard for Decentralized Exchanges - Ethervista
Ethervista, a new protocol on the Ethereum chain these days
It is called Pump Fun of ETH
@ethervista's novel LP and fee mechanism solves the innovation problem of ETH DeFi by taking advantage of the opportunistic gap in the market.
#VISTA @ethervista released the white paper 2 days ago
#VISTAtoken has been on the fourth day and the increase has reached a thousand times
The current market value is stable at 16M
Market status Most of the project cycles are calculated in hours
Most of the project runs are calculated in days
@ethervista advocates fair launch and liquidity is locked for 5 days
The main innovative factors are:
Fair launch
100% of the supply is allocated to LP and locked for 5 days
Each exchange will charge an ETH fee, which is allocated to the liquidity provider
In contrast, Pump Fun earns $400,000 in fees every day in its own pocket
Economic model
VISTA is deflationary, with a supply cap of 1 million
It aims to reduce the token supply by burning it -
ETH revenue prevents a "death spiral" in the token value
The largest holder currently owns 5.8% of the supply
Function rollout
Futures will include ETH-BTC-USDC pools, lending, futures, and free flash loans
The user interface is nostalgic, and the graphics suggest futures, lending, and flash loans
Market penetration
It targets the market gap in Ethereum's current DeFi landscape, especially the lack of exciting new retail-oriented projects
This may expand to lending/flash loans for more mature retail traders
Ethereum has a good developer and user base.
Conclusion:
The market currently lacks new innovation and imagination, so everyone's enthusiasm for new things is still impulsive.
However, from the perspective of current products and market acceptance, it is still too early.
#VISTAinitial LP will be unlocked on September 4, when the price may plummet
Let's see whether the functions mentioned in the white paper will be improved and implemented in the future. Let's continue to pay attention.
