894402
Plaza Finance
@plazafinance #894402
The Public Square for On-Chain Bonds and Leverage ๐ | Live on @base Sepolia Testnet ๐ | https://plaza.finance | Yapping here /plazafinance
21977 Follower 577 Following
Plaza will support cbETH as an underlying asset backing bondETH and levETH at launch ๐
Coinbase Wallet users will also pay no gas on Plaza Finance on Base, sponsored by @coinbasewallet ๐
Weโre excited to work with Coinbase Wallet on advancing the composability of the decentralized financial system ๐ค
Coinbase Wallet users will also pay no gas on Plaza Finance on Base, sponsored by @coinbasewallet ๐
Weโre excited to work with Coinbase Wallet on advancing the composability of the decentralized financial system ๐ค
Here is a recording of the AMA covering bondETH and levETH dynamics, protocol security, Pre-Season, and Season 1 rewards and more!
https://x.com/i/spaces/1gqGvjPDaPBGB
https://x.com/i/spaces/1gqGvjPDaPBGB
Programmable derivatives are tokenized vault structures invented by Plaza ๐ก
They allow any asset to be split into profiles better suited for different investors, without sacrificing composability ๐ง
All programmable derivatives are decentralized, asset-backed, and composable โ
bondETH and levETH are the first programmable derivatives of ETH ๐ฃ
More on bondETH and levETH below ๐
They allow any asset to be split into profiles better suited for different investors, without sacrificing composability ๐ง
All programmable derivatives are decentralized, asset-backed, and composable โ
bondETH and levETH are the first programmable derivatives of ETH ๐ฃ
More on bondETH and levETH below ๐
Join the core devs for an AMA ๐๏ธ
All of your questions about bondETH/levETH, depositing into the Plaza, and Pre-Season/Season 1 Rewards will be answered ๐ค
When: Tuesday, March 18th at 12 pm ET
Where: X Spaces
Comment your questions below ๐
All of your questions about bondETH/levETH, depositing into the Plaza, and Pre-Season/Season 1 Rewards will be answered ๐ค
When: Tuesday, March 18th at 12 pm ET
Where: X Spaces
Comment your questions below ๐
Launching on Base ๐ต
894402
Plaza Finance
@plazafinanceยท5 days ago
๐จ MAJOR UPDATE ๐จ
Plaza will be launching incentivized pre-deposits into the protocol on @base MAINNET on March 24th at 2 pm ET ๐
This marks the end of the Pre-Season, and start of Season 1 rewards ๐
More info is below ๐
[1/10]
Plaza will be launching incentivized pre-deposits into the protocol on @base MAINNET on March 24th at 2 pm ET ๐
This marks the end of the Pre-Season, and start of Season 1 rewards ๐
More info is below ๐
[1/10]
๐จ MAJOR UPDATE ๐จ
Plaza will be launching incentivized pre-deposits into the protocol on @base MAINNET on March 24th at 2 pm ET ๐
This marks the end of the Pre-Season, and start of Season 1 rewards ๐
More info is below ๐
[1/10]
Plaza will be launching incentivized pre-deposits into the protocol on @base MAINNET on March 24th at 2 pm ET ๐
This marks the end of the Pre-Season, and start of Season 1 rewards ๐
More info is below ๐
[1/10]
๐จ Upgrade Alert ๐จ
We launched a major upgrade of our testnet deployment ๐
This is the last planned upgrade of testnet. We will be announcing the mainnet launch date and details this week ๐
Because this is a new set of contracts, your testnet token balances will reset to zero ๐ฃ
Your points balances are safe and unaffected ๐
More below ๐
We launched a major upgrade of our testnet deployment ๐
This is the last planned upgrade of testnet. We will be announcing the mainnet launch date and details this week ๐
Because this is a new set of contracts, your testnet token balances will reset to zero ๐ฃ
Your points balances are safe and unaffected ๐
More below ๐
Plaza will support wstETH as an underlying assets backing bondETH and levETH at launch ๐
Weโre excited by the work @lidofinance is doing to advance the composability of the decentralized financial system ๐ค
Weโre excited by the work @lidofinance is doing to advance the composability of the decentralized financial system ๐ค
Who will be holding bondETH and levETH on Base mainnet?๐ค
๐๏ธ for bondETH
๐ for levETH
๐ฏโโ๏ธ for both
๐๏ธ for bondETH
๐ for levETH
๐ฏโโ๏ธ for both
Plaza will support ezETH as an underlying assets backing bondETH and levETH at launch ๐
Weโre excited to work with @renzoprotocol on advancing the composability of the decentralized financial system ๐ค
Weโre excited to work with @renzoprotocol on advancing the composability of the decentralized financial system ๐ค
bondETH is powerful because it is asset-backed, decentralized, cross-chain composable, and earns high yield in USDC ๐ค
๐ฆ bondETH is overcollatoralized by the highest quality ETH LSTs and LRTs
โ๏ธ bondETH is governed by a decentralized and public protocol
๐ซ bondETH is an ERC20 token that can be bridged and used anywhere
๐ bondETH can trade to a market clearing yield so it always competitive
๐ฆ bondETH is overcollatoralized by the highest quality ETH LSTs and LRTs
โ๏ธ bondETH is governed by a decentralized and public protocol
๐ซ bondETH is an ERC20 token that can be bridged and used anywhere
๐ bondETH can trade to a market clearing yield so it always competitive
Plaza will support eETH as an underlying asset backing bondETH and levETH at launch ๐
Weโre excited to work with EtherFi on advancing the composability of the decentralized financial system ๐ค
Weโre excited to work with EtherFi on advancing the composability of the decentralized financial system ๐ค
Q1 Mainnet Launch, lock in ๐
levETH is never liquidated on the way down, so you can reap the rewards on the way up ๐ค
Programmable derivatives unlock cross-chain composability โ๏ธ
Take your yield (bondETH) or leverage (levETH) position anywhere ๐
Earn chain incentives while maintaining your exposure ๐
Borrow against or lend out your position for additional leverage or yield ๐
Be free from banks, institutions, or vaults that trap your funds ๐ฆ
Take your yield (bondETH) or leverage (levETH) position anywhere ๐
Earn chain incentives while maintaining your exposure ๐
Borrow against or lend out your position for additional leverage or yield ๐
Be free from banks, institutions, or vaults that trap your funds ๐ฆ
๐ Milestone Reached ๐
50m testnet transactions on http://testnet.plaza.finance ๐
The Plaza will be massive. Lock in, there is not much time left on testnet ๐
50m testnet transactions on http://testnet.plaza.finance ๐
The Plaza will be massive. Lock in, there is not much time left on testnet ๐
๐จ Upgrade Alert ๐จ
By popular request, there is now dark mode on the Plaza UI ๐ฆ
Verifiable proof that the devs listen to the community ๐ค
By popular request, there is now dark mode on the Plaza UI ๐ฆ
Verifiable proof that the devs listen to the community ๐ค
Programmable derivatives are tokenized risk-reward splits of vault assets ๐ง
For bondETH and levETH, ETH LSTs and LRTs sit securely in an on-chain vault, and the Plaza AMM splits the returns of that ETH between the two assets ๐ง
Programmable derivatives enable the creation of any return profile while maintaining asset-backed security and cross-chain composability ๐
The next generation of finance is global, decentralized, asset-backed, and composable. ๐ญ
Are you locked in for it? ๐
For bondETH and levETH, ETH LSTs and LRTs sit securely in an on-chain vault, and the Plaza AMM splits the returns of that ETH between the two assets ๐ง
Programmable derivatives enable the creation of any return profile while maintaining asset-backed security and cross-chain composability ๐
The next generation of finance is global, decentralized, asset-backed, and composable. ๐ญ
Are you locked in for it? ๐
based
188206
0xleo
@0xleoยท00:35 23/02/2025
This week I built
The third episode of /base-latam Radio, where we talk directly to latam-based builders and @base news.
In this episode with @!16438 we talk about the @plazafinance project. Here the recording ๐
https://x.com/baselatam/status/1892333484741431628
The third episode of /base-latam Radio, where we talk directly to latam-based builders and @base news.
In this episode with @!16438 we talk about the @plazafinance project. Here the recording ๐
https://x.com/baselatam/status/1892333484741431628
๐จ Upgrade Alert ๐จ
Better profit and loss (PnL) monitoring on testnet.plaza.finance ๐
Better data makes you a better investor ๐
Who has the most gains on Plaza? ๐ค
Better profit and loss (PnL) monitoring on testnet.plaza.finance ๐
Better data makes you a better investor ๐
Who has the most gains on Plaza? ๐ค
๐ Community Milestone ๐
Plaza has 150,000 Followers on X! ๐ฅ
We're incredibly excited by the amazing growth of the Plaza community. Testnet usage is rapidly climbing each day. ๐
This will be big, and we're just getting started. ๐
Plaza has 150,000 Followers on X! ๐ฅ
We're incredibly excited by the amazing growth of the Plaza community. Testnet usage is rapidly climbing each day. ๐
This will be big, and we're just getting started. ๐
Some cool use cases for bondETH...
1. Stacking decentralized on-chain USDC yield ๐งฑ
2. Parking assets between trades to earn USDC yield ๐ ฟ๏ธ
3. Lending out bondETH to earn additional yield ๐ค
4. Levering up bondETH to speculate on ETH lending yields โก
5. Bridging across chains to deposit in a yield vault ๐ซ
You have the freedom to do whatever you want with bondETH, it's never trapped in Plaza ๐ฆ
What will you do with bondETH? ๐ง
1. Stacking decentralized on-chain USDC yield ๐งฑ
2. Parking assets between trades to earn USDC yield ๐ ฟ๏ธ
3. Lending out bondETH to earn additional yield ๐ค
4. Levering up bondETH to speculate on ETH lending yields โก
5. Bridging across chains to deposit in a yield vault ๐ซ
You have the freedom to do whatever you want with bondETH, it's never trapped in Plaza ๐ฆ
What will you do with bondETH? ๐ง
Composability is powerful because it frees your on-chain assets from being trapped in a single platform, asset, or chain ๐ฆ
Programmable derivatives are composable representations of the risk-reward split of an asset like ETH, BTC, SOL, or RWAs ๐ง
Take bondETH and levETH anywhere and use them to borrow, lend, trade, deposit, bridge, etc. ๐ซ
You can't do that with Hyperliquid perps or your Aave lending position, but you can with Plaza ๐
Programmable derivatives are composable representations of the risk-reward split of an asset like ETH, BTC, SOL, or RWAs ๐ง
Take bondETH and levETH anywhere and use them to borrow, lend, trade, deposit, bridge, etc. ๐ซ
You can't do that with Hyperliquid perps or your Aave lending position, but you can with Plaza ๐
levETH is levered ETH ๐
Liquidation-free and cross-chain composable ๐ค
How? Read below ๐
Liquidation-free and cross-chain composable ๐ค
How? Read below ๐
Plaza is building the first platform for programmable derivatives - tokenized vault structures that enable any risk-reward profile on any asset while maintaining cross-chain composability. ๐ง
What does that mean for you? ๐ค
Better on-chain assets that couldn't previously exist like a decentralized bond that pays USDC income (bondETH) and liquidation-free leverage that doesn't gate your assets to a single perps dex (levETH). ๐
Freedom to move your leverage and yield assets anywhere - swap them on a DEX, bridge them, lend them out, borrow against them, deposit them in a vault. Do whatever you want. ๐ฆ
What does that mean for you? ๐ค
Better on-chain assets that couldn't previously exist like a decentralized bond that pays USDC income (bondETH) and liquidation-free leverage that doesn't gate your assets to a single perps dex (levETH). ๐
Freedom to move your leverage and yield assets anywhere - swap them on a DEX, bridge them, lend them out, borrow against them, deposit them in a vault. Do whatever you want. ๐ฆ
๐จ New Testnet Rewards ๐จ
For those of you who couldn't claim the limited mint NFT for Level 7 - 1,000 points, we've added a Discord role for you ๐
We've also added Discord roles for 2,000 and 2,500 points earners ๐
Discord roles may entitle you to future rewards ๐
Final testnet push before mainnet, are you locked in anon? ๐ค
For those of you who couldn't claim the limited mint NFT for Level 7 - 1,000 points, we've added a Discord role for you ๐
We've also added Discord roles for 2,000 and 2,500 points earners ๐
Discord roles may entitle you to future rewards ๐
Final testnet push before mainnet, are you locked in anon? ๐ค
If you missed the AMA, here is the recording ๐ค
https://x.com/plaza_finance/status/1887924818806284504
https://x.com/plaza_finance/status/1887924818806284504
๐จ Upgrade Alert + New Rewards Opportunity ๐จ
Remember when we said you should hold some bondETH on testnet? ๐ค
You can now claim the USDC yield accrued by holding bondETH daily (quarterly on mainnet)๐ฐ
Earn 4 points per day for claiming bondETH coupons on testnet ๐
Happy testing ๐ฅ
Remember when we said you should hold some bondETH on testnet? ๐ค
You can now claim the USDC yield accrued by holding bondETH daily (quarterly on mainnet)๐ฐ
Earn 4 points per day for claiming bondETH coupons on testnet ๐
Happy testing ๐ฅ
Where bondETH's yield come from? ๐ค
1๏ธโฃ The staking and restaking yield of ETH LSTs and LRTs backing bondETH
2๏ธโฃ Levered investors paying for their leverage
More below ๐
1๏ธโฃ The staking and restaking yield of ETH LSTs and LRTs backing bondETH
2๏ธโฃ Levered investors paying for their leverage
More below ๐
Mark your calendars... ๐๏ธ
... for an AMA with the Plaza Core Devs ๐
When: Friday, 2/7 at 1 pm EST
Where: https://x.com/plaza_finance
Comment your questions below ๐
... for an AMA with the Plaza Core Devs ๐
When: Friday, 2/7 at 1 pm EST
Where: https://x.com/plaza_finance
Comment your questions below ๐
Yesterday was the biggest liquidation event in crypto history. Today prices recovered. ๐
We designed levETH exactly for this scenario - so you don't get stopped out of your trade during a short-term drawdown, and can play for the recovery ๐ฅฝ
Launching on Base soon and expanding everywhere ๐
https://cointelegraph.com/news/crypto-market-liquidation-bybit-10b
We designed levETH exactly for this scenario - so you don't get stopped out of your trade during a short-term drawdown, and can play for the recovery ๐ฅฝ
Launching on Base soon and expanding everywhere ๐
https://cointelegraph.com/news/crypto-market-liquidation-bybit-10b
pp
real ones say it back
real ones say it back
levETH is cross-chain composable levered exposure to $ETH LSTs and LRTs ๐ง
More below ๐
More below ๐
bondETH is a decentralized high-yield bonds backed by $ETH LSTs and LRTs that pays income in $USDC ๐ค
More below ๐
More below ๐
NFTs are cool but have you heard about programmable derivatives? ๐
Asset-backed โ
Cross-chain composable โ
Flexible return profiles โ
Aggregated Liquidity โ
Decentralized โ
Permissionless โ
Powering levETH and bondETH โก๏ธ
Learn more here: https://docs.plaza.finance ๐
Asset-backed โ
Cross-chain composable โ
Flexible return profiles โ
Aggregated Liquidity โ
Decentralized โ
Permissionless โ
Powering levETH and bondETH โก๏ธ
Learn more here: https://docs.plaza.finance ๐
Lock in - dropping in 5 minutes ๐
894402
Plaza Finance
@plazafinanceยท23:19 27/01/2025
๐จ Rewards Alert ๐จ
Testnet users can claim the fourth NFT reward (Level 7 - 1000 points) tomorrow, 1/28 at 12 pm ET ๐๏ธ
Here is the link: https://testnet.plaza.finance/rewards ๐
This will be a limited mint to 2500 unique NFTs and the NFTs will be tradable on @opensea, so get them while they're available ๐
We're looking forward to seeing community members rocking Plaza profile pics ๐ค
Testnet users can claim the fourth NFT reward (Level 7 - 1000 points) tomorrow, 1/28 at 12 pm ET ๐๏ธ
Here is the link: https://testnet.plaza.finance/rewards ๐
This will be a limited mint to 2500 unique NFTs and the NFTs will be tradable on @opensea, so get them while they're available ๐
We're looking forward to seeing community members rocking Plaza profile pics ๐ค
๐จ Rewards Alert ๐จ
Testnet users can claim the fourth NFT reward (Level 7 - 1000 points) tomorrow, 1/28 at 12 pm ET ๐๏ธ
Here is the link: https://testnet.plaza.finance/rewards ๐
This will be a limited mint to 2500 unique NFTs and the NFTs will be tradable on @opensea, so get them while they're available ๐
We're looking forward to seeing community members rocking Plaza profile pics ๐ค
Testnet users can claim the fourth NFT reward (Level 7 - 1000 points) tomorrow, 1/28 at 12 pm ET ๐๏ธ
Here is the link: https://testnet.plaza.finance/rewards ๐
This will be a limited mint to 2500 unique NFTs and the NFTs will be tradable on @opensea, so get them while they're available ๐
We're looking forward to seeing community members rocking Plaza profile pics ๐ค
๐ Milestone Reached ๐
100k Discord Community Members ๐
Thank you for your support. We're just getting started ๐
Join the fun: http://discord.gg/plazafinance
100k Discord Community Members ๐
Thank you for your support. We're just getting started ๐
Join the fun: http://discord.gg/plazafinance
๐จ Upgrade Alert ๐จ
We launched a major upgrade of our testnet deployment ๐
This upgrade was focused on security and includes all recommended changes from our audit with Zellic ๐
Because this is a new set of contracts, your testnet token balances will reset to zero ๐ฃ
Your points balances are unaffected ๐
We recommend you get some bondETH in your wallet over the next few days for an upcoming feature release ๐
Happy testing on the upgraded deployment ๐ฅณ
We launched a major upgrade of our testnet deployment ๐
This upgrade was focused on security and includes all recommended changes from our audit with Zellic ๐
Because this is a new set of contracts, your testnet token balances will reset to zero ๐ฃ
Your points balances are unaffected ๐
We recommend you get some bondETH in your wallet over the next few days for an upcoming feature release ๐
Happy testing on the upgraded deployment ๐ฅณ
We believe the world deserves transparent financial products ๐
So... all of Plaza's smart contracts are now public to view ๐
Check them out here: https://github.com/Convexity-Research/plaza-contracts ๐ค
Read about how they work here: https://docs.plaza.finance ๐
So... all of Plaza's smart contracts are now public to view ๐
Check them out here: https://github.com/Convexity-Research/plaza-contracts ๐ค
Read about how they work here: https://docs.plaza.finance ๐
Some people don't like the volatility of $ETH and prefer steady returns. We made bondETH for them. ๐๏ธ
Some people want more volatility than $ETH without the risk of getting liquidated. We made levETH for them. ๐
Some people want a free financial system where they don't have to trust governments or institutions to access better financial products. We made Plaza for them. ๐ฆ
Some people want more volatility than $ETH without the risk of getting liquidated. We made levETH for them. ๐
Some people want a free financial system where they don't have to trust governments or institutions to access better financial products. We made Plaza for them. ๐ฆ
Rollups are to blockchains as programmable derivatives are to tokenized assets ๐ง
Programmable derivatives are a paradigm shift in scaling tokenized assets that provide customized risk-reward profiles, better capital efficiency, and no liquidity fragmentation ๐ญ
Programmable derivatives like bondETH and levETH inherit the trust and liquidity of the underlying asset, ETH ๐
Read more about programmable derivatives here: https://docs.plaza.finance ๐
Programmable derivatives are a paradigm shift in scaling tokenized assets that provide customized risk-reward profiles, better capital efficiency, and no liquidity fragmentation ๐ญ
Programmable derivatives like bondETH and levETH inherit the trust and liquidity of the underlying asset, ETH ๐
Read more about programmable derivatives here: https://docs.plaza.finance ๐
๐ Milestone Reached ๐
100k followers on X ๐
Thank you for your support. We're just getting started ๐
100k followers on X ๐
Thank you for your support. We're just getting started ๐
Comment below...
๐๏ธ if you're team bondETH
๐ if you're team levETH
๐๏ธ if you're team bondETH
๐ if you're team levETH
๐Milestone Reached ๐
10m bondETH and levETH transactions on https://testnet.plaza.finance ๐คฏ
You're so early. We're honored and excited by the incredible growth. We will build a better financial system together ๐ค
10m bondETH and levETH transactions on https://testnet.plaza.finance ๐คฏ
You're so early. We're honored and excited by the incredible growth. We will build a better financial system together ๐ค
bondETH is a crypto-native assed-backed high-yield bond that yields $USDC ๐ง
โ Overcollatoralized by $ETH LSTs and LRTs
โ Income in $USDC
โ Cross-chain composable across DeFi and able to be self-custodied
โ Market set yield
โ Governed by a decentralized protocol
Welcome to a new era of protecting and growing your wealth without having to trust banks or governments ๐ค
โ Overcollatoralized by $ETH LSTs and LRTs
โ Income in $USDC
โ Cross-chain composable across DeFi and able to be self-custodied
โ Market set yield
โ Governed by a decentralized protocol
Welcome to a new era of protecting and growing your wealth without having to trust banks or governments ๐ค
Sherlock let us know that our audit competition has the most signups of any competition they've run before, and they've worked with the likes of Aave, Optimism, Maker, and more ๐คฏ
Thank you for your support in ensuring the protocol security of the Plaza for all global citizens ๐ค
The Plaza continues to expand ๐
Here's the link: https://audits.sherlock.xyz/contests/682
Thank you for your support in ensuring the protocol security of the Plaza for all global citizens ๐ค
The Plaza continues to expand ๐
Here's the link: https://audits.sherlock.xyz/contests/682
If you are levered long and token prices fall, with old-school leverage like perps you get liquidated โ ๏ธ
With next-gen leverage like levETH, if you are levered long and token prices fall, your position will go down but you are never stopped out of your trade. If ETH goes back up, so does your position ๐ก๏ธ
Learn more at https://docs.plaza.finance/plaza-assets/leveth-levered-ethereum ๐
With next-gen leverage like levETH, if you are levered long and token prices fall, your position will go down but you are never stopped out of your trade. If ETH goes back up, so does your position ๐ก๏ธ
Learn more at https://docs.plaza.finance/plaza-assets/leveth-levered-ethereum ๐
