⚡An intro to Ethervista

Rethinking Decentralized Exchange Dynamics for Sustainable Blockchain Growth

Abstract

Automated Market Makers (AMMs) currently encounter a notable challenge – they struggle to effectively encourage the long-term success of blockchain projects. The problem arises because token creators are encouraged to prioritize profits by rapidly withdrawing liquidity and discreetly selling tokens. Liquidity providers tend to prefer short-term commitments, withdrawing and selling their liquidity as token value rises. This misalignment in structure hampers the growth of projects designed for long-term success. Addressing this challenge is vital, as the current AMM model lacks the necessary incentives to foster continuous growth and resilience in the blockchain ecosystem

The Euler model and revenue sharing

At the core of Ethervista's revolution is the Euler Model, a new mathematical model that enables fee distribution in ETH, eliminating the need for clunky, token-based rewards. This model precisely calculates ETH rewards using a user’s Euler0 baseline, drastically reducing the computational load and gas costs, making it scalable even for millions of users. For the first time, rewarding liquidity providers and stakers with ETH—not tokens that depreciate over time—becomes not only possible but the standard

Each liquidity pool can implement customized fee structures for both liquidity providers (LPs) and the protocol itself, facilitating a "pay to play" model where users must contribute to the ecosystem before benefiting from it.

Protocol Fees

Protocol fees on Ethervista creates new opportunities by directing fees straight to the protocol, allowing markets to benefit from the revenue they generate. Since these fees are paid in ETH, they do not threaten the projects they support. Instead, protocol fees enhance the ecosystem by automatically funding each protocol’s smart contract and treasury with every swap.

This model establishes a sustainable revenue sharing stream that is not available with other Automated Market Makers. By focusing on long-term benefits rather than short-term gains, creators can rely on a steady income without needing to discreetly sell tokens to generate revenue.

Implications

The Euler Model introduces new possibilities for users and creators. For the first time, they can burn their liquidity and continue to earn rewards. In the past, creators had no reason to lock their liquidity, as it would use up their funds without any benefit. Now, they can earn rewards from their locked liquidity, which helps build user trust by reducing the risk of rug pulls.

The 5-day enforced liquidity lock mechanism provides a clear timeframe for projects to secure their liquidity, promoting transparency and giving users enough time to evaluate a project's legitimacy

Beyond, The Euler Model allows game developers to create liquidity pools specifically for in-game assets without the need to tokenize them, thereby avoiding the issues of value depreciation and security risks associated with traditional tokens. By restricting these liquidity pools to in-game assets, developers can implement a flat fee structure paid in ETH. This approach ensures that the in-game assets retain their value and stability, providing a reliable framework for players and enhancing the overall gaming experience.

VISTA: The first value-compounding deflationary token

The $VISTA protocol’s smart contract employs an on-chain mechanism where each burn event not only reduces the circulating supply but also gradually increases the token's price floor. This process is sustained by the ongoing acquisition and destruction of tokens, funded by transaction fees generated within the protocol. As a result, VISTA's mechanics serve as a hedge against inflation, linking activity to supply reduction and price floor enhancement. This strengthens VISTA's value with each transaction, fostering sustained growth and scarcity

Token Distribution

At launch, 100% of the total supply (1 million VISTA) was allocated to the VISTA/WETH pool, with 36,000 tokens autobought and burned as of this writing (2024 October 20). Most VISTA tokens are held by the Hardlock and Hardstake contracts, which together represent the top holders at 20%. With Ethervista's implementation of an anti-sniper fair launch, no single holder possesses an excessive share of the total supply

Ethervista aims to be an all-in-one DeFi platform, with upcoming expansions to include feeless flashloans, lending, and futures trading