jakiro
Author: William M. Peaster, Bankless; Compilation: Tao Zhu, Bitchain Vision
During this cycle, two apps stand out in terms of gaining widespread attention: Polymarket on Polygon and Pump.fun on Solana.
Of course, as a forecasting market, Polymarket has been taking advantage of the conspiracy of the 2024 U.S. presidential election cycle.
In the case of Pump.fun, it positioned itself as the center of the Solana memecoin space with its token launcher system and in the process became the fastest-growing application in cryptocurrency history.
Can Polymarket and Pump.fun maintain their current momentum in 2025 and beyond?This is an open question.But a new project, Ethervista, bets that a system like Pump.fun on Ethereum can move forward after some modifications.
Let’s quickly learn all about this new Ethereum Token Hub!
How does Ethervista work?
Ethervista is similar to a combination of automated market makers (AMMs) like Uniswap and token startup platforms like Pump.fun, but there are some unique features.
-
Unlike traditional Ethereum decentralized exchanges (DEXs) that charge fees in ERC-20 tokens, Ethervista implements custom fees paid in ETH.The fee is distributed between liquidity providers and token creators to incentivize trading volume rather than short-term price action.
-
Ethervista distributes its accrued ETH gains to liquidity providers using a mathematical model based on “Euler’s quantities”.Even if liquidity changes frequently, the system can achieve effective reward allocation, thereby allocating to many users at the lowest gas cost.
-
The initial liquidity provider becomes the creator, able to configure pool settings, fees, and on-chain metadata.Creators can permanently lock these settings for transparency and security.
-
Creators can allocate accrued ETH fees for their pool to specific smart contracts that can be used in a variety of DeFi applications such as token repurchase and destruction or community vault construction.
-
Unlike Pump.fun, which unlocks a new project based on liquidity threshold ($63,000 market capitalization), Ethervista implements a 5-day liquidity lock-up period for a new project to resolve most “rug pulls” occurring in the first few days after project launchfacts within.
-
Creators can also limit token transactions to Ethervista, making similar scams harder to deceive investors by limiting the ERC20 transferFrom feature to Ethervista router addresses.
What is VISTA?
VISTA is the native token of the Ethervista platform.Its supply cap is 1 million tokens and has a built-in mechanism to reduce the supply of circulation over time.
That is, every transaction on the Ethervista platform incurs fees paid in ETH, part of which is used to purchase and destroy VISTA tokens.This process of continuous destruction will reduce the total supply, and it also aims to gradually increase the price bottom line of the token, aiming to create a compound value effect.
At the time of writing, VISTA is trading at about $15 per token — currently down 44% from its original peak of $27.60 — with a market cap of $15.6 million.Its deflation has been fully launched as the agreement has destroyed more than 23,000 VISTAs, bringing the current total supply just below 977,000.
Browse the Ethervista Platform
1. Redeem
In the Redemption tab, you can trade ETH, VISTA, and more.In the “Redeem Tokens” section, select the token to be redeemed (for example, ETH exchange VISTA or vice versa) and enter the required amount.The interface also displays detailed information, such as your current balance.After setting the amount, click the “Redemption” button to complete the transaction using your wallet.
2. Liquidity
In the Liquidity tab, you can manage your liquidity pool.To deploy liquidity, select the required token and amount in the Liquidity Deployer section and click the Deployment button to complete the operation.
3. Starter
In the Launcher tab, the creator can configure and start a new pool.You can select the token pair for which you want to create a pool and set the purchase and sale fee at the dollar value.You can also choose to define the specified address to which the accumulated fees will be sent.After everything is set up, you can complete the configuration and start the pool by clicking the “Start” button.
4. Reward interface
The Rewards tab allows you to track and claim income from liquidity pools.You can view the current reward, historical reward, and the status of the current pool.To receive a reward, select the token you want to withdraw and click the “Cake” button.
What should I pay attention to in the future?
There are some open questions around Ethervista, such as whether its smart contracts are audited.There are also speculations on Crypto Twitter that the project’s creators have been selling out VISTA, although this claim has not yet been confirmed – perhaps just a fallen investor who found VISTA cashed out early.
In addition, there is a problem that the first VISTA liquidity unlock will take place tomorrow September 4th.Will the tokens sell as liquidity enters the market?Can it recover its momentum and rebound after that?
The answer to these uncertainties remains to be seen.But it is clear that Ethereum has a lot of demand for such a platform, as it has been one of the biggest consumers of gas on the web since Ethervista was launched as users flock to this new project.
Meanwhile, let’s see what happens next.Ethervista has announced plans to deploy on Ethereum Tier 2 (L2) and launches upcoming features such as ETH-BTC-USDC pools, lending and flash loans.How will these advancements affect its adoption among more mature traders?
Furthermore, with its deflation model, can VISTA’s value continue to grow over time, or will the continued slowdown in memecoin ultimately limit the platform’s ability to attract new projects and users?
We will wait and see what will happen next, but one thing is for sure – Ethervista has already made waves.Stay tuned, as this may be just the beginning.
