Author: s4mmy.moca, Moca Network researcher; Translated by: 0xjs@Golden Finance
Ethervista has been described as the Pump.Fun of ETH.
Ethereum DeFi users have been frustrated by the lack of innovation on the mainnet, and Ethervista’s novel LP and fee mechanisms aim to address this by exploiting opportunity gaps in the market.
Ethervista released its white paper 2 days ago. It advocates a fair issuance with a liquidity lock-up period of 5 days. Because analysis shows that most abscondence occurs within 2-4 days. The market value of Ethervista token VISTA has exceeded 15 million US dollars.
Why people care about Ethervista
What are the key drivers?
1. Fair launch
100% of the supply is allocated to LPs and locked for 5 days;
Each swap is charged a fee in ETH, which is distributed to liquidity providers, earning $25,000 in the first 5 hours;
By comparison, Pump.Fun is taking in $400,000 per day.
2. Economic Model
VISTA tokens are deflationary, with a supply cap of 1 million;
It reduces the token supply through burning — $200,000 was burned on September 2;
ETH revenue prevents a “death spiral” in token value;
The largest holder currently owns 5.8% of the VISTA token supply.
3. Upcoming features
Contains futures, lending, futures, and free flash loans for the ETH-BTC-USDC pool;
The user interface is nostalgic, with graphics suggesting futures, lending, and flash loans;
There are no guarantees, but if done right, there are possibilities.
4. Market Penetration
It targets a market gap in Ethereum’s current DeFi landscape, especially the lack of exciting new retail-oriented projects;
This can be expanded to provide lending/flash loans to more sophisticated retail investors;
Ethereum has a decent developer and user base that is hungry for some innovation.
How to participate in Ethervista
To participate in Ethervista, you need to buy tokens from the DEX on their website:
1. Connect to Ethereum wallet; 2. Exchange ETH for VISTA; 3. LP deployment (currently 0.006 ETH corresponds to 1 VISTA) - locked for 5 days
Chat functionality is integrated, but beware of scam links.
Will Ethervista do well?
It’s still early days. ETH DeFi users are frustrated, so they’re looking for something they can use on mainnet.
The initial LPs will unlock on September 4th, so be careful as the price may plummet by then.
The UI is nostalgic but I'll be watching for other features to roll out. That's where the real execution and value lies, not just a DEX and a whitepaper that solves current market frustrations.
