On September 1, the X account @ethervista released a project white paper titled "The Ethervista Standard: Rethinking Decentralized Exchange Dynamics for Sustainable Blockchain Growth". On September 2, the native token VISTA of the Ethervista project rose from 0.5 to a maximum of 30 US dollars, a 60-fold increase.

So what is the origin of Ethervista?

In short, Ethervista is a new type of decentralized exchange built for Ethereum and layer-2 networks.

The main problem with current automated market makers (AMMs) is that token creators are incentivized to prioritize profits by quickly withdrawing liquidity and secretly selling tokens. Liquidity providers tend to prefer short-term commitments, withdrawing and selling their liquidity as the value of the token rises. This structural misalignment hinders the growth of projects designed for long-term success.

To address these issues, Ethervista proposed a new standard.

According to its white paper, the Ethervista standard is the first to pay custom fees only in native ETH. This fee is cleverly distributed to all liquidity providers and token creators in a specific pool, using a novel mechanism for each swap that enables it to distribute rewards to millions of users with minimal gas costs. The creator fee is a protocol fee that can be allocated to smart contracts and vaults. Various use cases include automatic purchases, staking rewards, and many other DeFi applications.

A key feature of this model is that market makers and creators benefit from trading volume rather than token price, incentivizing long-term rather than short-term price action. Investors benefit from a delayed liquidity removal mechanism that prevents developers from rapid "rug pulls." This approach not only reduces the risk of sudden market volatility, but also enhances the overall success of their investment.

I will not go into more detail about the technical model here. You can study the official white paper: https://x.com/ethervista/status/1829925933643386937

In addition, Ethervista also plans to expand beyond traditional pools and move towards establishing an ETH-BTC-USDC pool, providing lending, futures, and fee-free flash loans, aiming to become a full-scale decentralized application.

VISTA, which has soared overnight, is the native currency of Ethervista DEX, with a supply cap of 1 million. VISTA is a value-compounding deflationary token. The smart contract of the Ethervista protocol implements an on-chain process that not only reduces the circulating supply through each burning event, but also gradually increases the floor price of the token. This effect is maintained by continuously acquiring and destroying tokens through the fees generated by each transaction within the protocol. Therefore, VISTA's mechanism acts as a hedge against inflation, and by linking activity to a reduction in supply and an increase in the price floor, each transaction strengthens the value of VISTA, driving continued growth and scarcity.

To summarize briefly, what are the key factors that have attracted public interest in Ethervista?

1. Fair launch

  • Ethervista allocates 100% of the supply to liquidity providers and locks it for 5 days to prevent the project from suddenly withdrawing funds.

  • The fees collected from each swap are distributed to liquidity providers in the form of ETH. - Earned $25,000 in the first 5 hours.

2. Economic Model

  • VISTA is deflationary and has a supply cap of 1 million.

  • It is designed to gradually reduce the token supply through burning — $200,000 was burned today.

  • ETH revenue prevents a “death spiral” in token value.

3. Function launch

  • The future will include ETH-BTC-USDC pools, lending, futures, and zero-fee flash loans.

  • Ethervista also features SuperChat, a global real-time chat integrated directly into the DEX platform, enabling users to quickly exchange information.

4. Market Penetration

  • It fills a market gap in Ethereum's current DeFi landscape and may expand into more areas such as lending

  • Ethereum has a decent developer and user base that is hungry for some innovation.

All the above introductions are not investment advice. The initial LP unlocking will take place on September 4, which may cause a price crash. The project is still in its early stages, and success or failure is possible. However, Ethereum has been lacking innovation in this cycle, and these new attempts will more or less bring freshness and valuable confidence to investors.

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