Author: Trissy

Compiled by: TechFlow

A new dark horse project $VISTA.

Pump fun has a new competitor on Ethereum. Ethereum supporters are facing difficulties, Vitalik tweeted that DeFi is no longer important, ETHBTC prices hit new lows, ETF capital inflows slowed, and the split of Layer 2 is like a broken mirror.

ethervista appears to be preparing to launch a new project initiated by crypto-native users, with a fair launch model (100% of the supply is allocated to liquidity providers).

Due to its unique launch and timing with the current market narrative, this project has the potential to be a strong contender as there isn’t much exciting happening on Ethereum right now.

breakthrough

They hope to become Pump Fun on Ethereum, allowing users to customize certain parameters when new tokens are released, while preventing liquidity from being quickly withdrawn through bonding curves and revenue sharing mechanisms.

They do this by setting a 5-day lockup period in the initial liquidity provision of new projects. According to research, most liquidity withdrawal events occur between 2 and 4 days.

The 5-day lock-up period starts when a project first adds liquidity on Ethervista, which ensures that token creators cannot withdraw liquidity before other providers.

  • Benefits to users and liquidity providers: This system enhances user confidence as it ensures the stability of the project in the critical early stages. Liquidity providers (LPs) also benefit from long-term fee income.

  • Custom ETH Fees: Unlike most AMMs that charge standard fees in tokens, Ethervista charges ETH fees on each swap and distributes these fees to liquidity providers and token creators, encouraging them to participate in the platform in the long term.

  • Encourages long-term development: The model discourages rapid withdrawals (often associated with rug-pulls) by introducing a delayed liquidity removal mechanism, ensuring that developers and investors benefit more from sustained activity and volume rather than just short-term fluctuations in price.

  • Smart Contracts and Customization: The platform allows creators to configure smart contracts to manage fees, which can be used for a variety of DeFi applications such as staking or automatic purchases, providing flexibility for project management and ensuring continued growth.

  • Advanced Features: Ethervista plans to expand its services to launch ETH-BTC-USDC trading pools, lending, futures, and fee-free flash loans, with the goal of becoming a comprehensive DeFi platform.

  • Native Token ($VISTA): Ethervista's native token, $VISTA, is a deflationary token with a total supply limited to 1 million. It is designed to reduce supply by continuously burning tokens through the protocol, thereby increasing the price floor, and its value will gradually increase over time.

risk

The initial unlocking of LPs is expected to occur around 2:30 pm UTC on September 4, which may trigger a short-term sell-off.

However, the team has not yet released specific details about the $VISTA token burning mechanism. They have stated that this is a deflationary model, and as more revenue is generated in the form of $ETH, the price will rise (which prevents a vicious cycle in price), but the specific details are still not disclosed.

I suspect they may wait until closer to the LPs unlock date to reduce selling pressure, which I think is a smart strategy.

The sell-off due to front-end issues made for a somewhat volatile launch, but this is common with new project launches and not a red flag to me.

My opinion

I invested when the project was worth about $2.5 million, and now it’s worth between $7 million and $10 million (TechFlow note: the current market value is around $30 million), so I still have a lot of room to grow. I still believe this project has the potential to achieve a major breakthrough.

I used some tools and looked for smart investors and wallets on social platforms, but found that there were not many people to follow. However, it attracted some key people I followed when investing in the early stage.

Since it needs to be purchased on a decentralized exchange (DEX) and there are certain technical barriers, this means that as prices rise, the technology is constantly being optimized.

The team has taken a lot of inspiration both visually and technically from CurveFinance, a proven successful model. I look forward to seeing their new plans for lending and futures products.

One psychological factor for the success of new token launches on Vista is that people generally have a larger transaction base on Ethereum than Solana.

I accidentally bought about 3-4x the amount I would have bought on the new Solana project, mainly because Ethereum's valuation was higher compared to Solana.

I guess other people are in a similar situation, and tend to round up to 0.5 or 1 ETH when trading. Most of the real big players are active on Ethereum, and they are reluctant to move to Solana because they are not familiar with the environment there, so there is a lot of smart money that may flow in on a large scale.

Another reason I am bullish on this project is that I think the market is starting to bottom here, and projects that perform strongly early in the market usually maintain momentum in subsequent cycles.

While this is a riskier investment, I would prefer more information to make a decision, but too much information could mean a significantly lower return :)