Ethervista is being described as the Pump Fun of ETH
ETH DeFi users are frustrated about the lack of innovation on mainnet
@ethervista novel LP & fee mechanism aims to address this by exploiting an opportunistic gap in the market
🧵(1/8)
ETH DeFi users are frustrated about the lack of innovation on mainnet
@ethervista novel LP & fee mechanism aims to address this by exploiting an opportunistic gap in the market
🧵(1/8)
VISTA (@ethervista) released its white paper 2 days ago
It promotes a fair launch with a liquidity lock of 5 days following analysis that most rugs take place between 2-4 days
It has since pumped beyond a $15m MC
But what are the key drivers for its interest?
/2
It promotes a fair launch with a liquidity lock of 5 days following analysis that most rugs take place between 2-4 days
It has since pumped beyond a $15m MC
But what are the key drivers for its interest?
/2
https://x.com/ethervista/status/1829925933643386937
i) Fair Launch
100% of the supply was distributed to the LP and locked for 5 days
Each swap takes a fee in ETH which is distributed to the Liquidity Providers - $25K was made within the first 5 hours
Comparatively, Pump Fun earns $400k in fees per day
/3
100% of the supply was distributed to the LP and locked for 5 days
Each swap takes a fee in ETH which is distributed to the Liquidity Providers - $25K was made within the first 5 hours
Comparatively, Pump Fun earns $400k in fees per day
/3
https://x.com/ethervista/status/1829983641553785178
ii) Economic Model
VISTA is deflationary with a capped supply of 1 million
It's designed to reduce token supply over time through burns - $200k burned today
Revenue in ETH prevents a "death spiral" in token value
The largest holder currently has 5.8% of the supply
/4
VISTA is deflationary with a capped supply of 1 million
It's designed to reduce token supply over time through burns - $200k burned today
Revenue in ETH prevents a "death spiral" in token value
The largest holder currently has 5.8% of the supply
/4
https://x.com/ethervista/status/1830418920760558055
iii) Feature Roll Out
Future inclusion of ETH-BTC-USDC pools, lending, futures, and fee-less flash loans
The user interface is nostalgic and the graphic hints at futures, lending and flashloans
No guarantees, but a possibility if it does well
/5
Future inclusion of ETH-BTC-USDC pools, lending, futures, and fee-less flash loans
The user interface is nostalgic and the graphic hints at futures, lending and flashloans
No guarantees, but a possibility if it does well
/5
iv) Market Penetration
It targets a market gap in Ethereum's current DeFi landscape, especially with the lack of exciting new retail faced projects
This could expand to lending/flashloans for the more sophisticated retail trader
Ethereum has a decent developer and user base that is pining for some innovation
/6
It targets a market gap in Ethereum's current DeFi landscape, especially with the lack of exciting new retail faced projects
This could expand to lending/flashloans for the more sophisticated retail trader
Ethereum has a decent developer and user base that is pining for some innovation
/6
https://x.com/0xCygaar/status/1830297312855531904
To participate you need to buy the tokens from the DEX on their website
1) Connect Ethereum Wallet (use a burner - it's new!)
2) Swap ETH for VISTA
3) LP the split (currently 0.006 ETH for 1 VISTA) - locked for 5 days
Chat feature has been integrated - beware of scam links!
/7
1) Connect Ethereum Wallet (use a burner - it's new!)
2) Swap ETH for VISTA
3) LP the split (currently 0.006 ETH for 1 VISTA) - locked for 5 days
Chat feature has been integrated - beware of scam links!
/7
Do I think this will do well?
It's early.
ETH DeFi users are frustrated so they're looking for something to use on mainnet
The initial LP unlocks on September 4th, so be careful as there could be a dump in price then
The UI is nostalgic, but I'll be monitoring the other feature roll out
That's where the real execution and value will be, beyond a DEX and whitepaper which address the current market frustrations
/8
It's early.
ETH DeFi users are frustrated so they're looking for something to use on mainnet
The initial LP unlocks on September 4th, so be careful as there could be a dump in price then
The UI is nostalgic, but I'll be monitoring the other feature roll out
That's where the real execution and value will be, beyond a DEX and whitepaper which address the current market frustrations
/8
If you found this useful it goes a long way dropping a like (and retweeting if you think it'll be useful for your audience too)
Disclaimer: I bought a smol bag of VISTA to support the innovation on ETH
Thanks for reading🙏
Disclaimer: I bought a smol bag of VISTA to support the innovation on ETH
Thanks for reading🙏
https://x.com/S4mmyEth/status/1830577612806082897
Update from the team on new token pairs being launched:
https://x.com/ethervista/status/1830647924738453704
Some additional context on OG holder (Frenulum) and speculation around the originator of the protocol:
https://x.com/CirrusNFT/status/1830652724020687014
Great TLDR on the proprietary DEX fees, and analogy to an innovative Uniswap on Ethereum
https://x.com/AzFlin/status/1830671008795140297
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