What is Ethervista?
Ethervista is a DEX on Ethereum - similar to Uniswap, but with a different fee model. Instead of taking a percentage of each swap in tokens, Ethervista charges a flat fee in ETH (typically $5-$15 per transaction).
This matters because:
- Rewards are paid in ETH, not inflationary tokens
- Liquidity providers benefit from transaction count, not token price speculation
- No sell pressure from people dumping reward tokens
Where Bonzi Fits
Bonzi ($BONZI) was the first memecoin launched on Ethervista - essentially the platform's mascot token. It uses the same fee mechanics as other Ethervista pools, plus an additional burn mechanism.
The burn is automatic and on-chain. Each transaction reduces circulating supply slightly. This has burned ~2.17% of total supply since launch.
The Euler Model
How does the contract track who gets what share of fees? It uses something called the "Euler model" - a mathematical trick to avoid recalculating every user's balance on every transaction.
Simplified: When you stake LP tokens, the contract records the current "Euler value" (say, 1.2). Later, fees raise it to 1.5. Your reward = your LP tokens × (1.5 - 1.2). This avoids expensive loops through all stakers, cutting gas costs ~99%.
This isn't unique to Ethervista - similar math exists in other DeFi protocols - but it enables efficient fee distribution without the contract running out of gas.
Hardstake / Hardlock
Optional feature: lock your tokens or LP position for ≥14 days to earn a larger share of the fee pool. The tradeoff is obvious - you can't withdraw during the lock period.
This exists to reward committed capital over mercenary liquidity that farms and dumps.
Anti-Rug Measures
Ethervista enforces a 5-day liquidity lock on new token launches. Creators cannot pull liquidity for 5 days after launch.
Why 5 days? According to the team, most rug pulls happen within 2-4 days of launch. This doesn't prevent all scams, but raises the bar.
→ More on Ethervista security features (Gate.io)Common Questions
Yes. A $10 flat fee on a $50 swap is 20%. On a $5000 swap, it's 0.2%. This model favors larger transactions. Whether that's good or bad depends on your perspective - it discourages wash trading and bot spam, but makes the DEX less accessible for small amounts.
Rewards drop proportionally. ETH rewards come from trading activity - no trades, no fees, no rewards. This is more honest than emission-based models that promise fixed APYs until the treasury empties.
Smart contract risk (all DeFi). Impermanent loss for LPs. Volume dependency for yield. Token price can still go to zero for market reasons. The 5-day lock helps but doesn't eliminate scam risk for new tokens. DYOR.
Ethervista contracts are on Etherscan. BONZI contract: 0xd6175692026bcd7cb12a515e39cf0256ef35cb86. The burn events are visible on-chain.