On April 29, 2025, Plaza Finance launched its core protocol on Base, introducing bondETH and levETH. These are the first programmable derivative tokens on the network, designed to unlock new strategies for yield generation and leveraged exposure to Ethereum within the DeFi ecosystem.
bondETH offers a fixed USDC income stream from staked and restaked Ethereum liquid staking tokens. levETH provides leveraged exposure to Ethereum without liquidation risks, aiming to amplify users' exposure to Ethereum's growth.
Plaza Finance has partnered with Layer Zero for cross-chain expansion. Following $1.5 million in early deposits and strong community interest, this launch marks a leap in the utility of staked ETH.
Building on a $2.5 million pre-seed round in 2024, Plaza Finance plans future expansion with bondBTC, levBTC, and derivatives on SOL and real-world assets.