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Plaza Finance was the first platform for programmable derivatives — customizable splits of the risk and return of any tokenized asset, issued as cross-chain composable tokens. It operated on Base and offered two products, bondETH and levETH, sharing a pool of staked and restaked ETH. The project was wound down in 2025.

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Plaza Finance

Plaza Finance was the first platform for programmable derivatives — customizable splits of the risk and return of any tokenized asset, issued as cross-chain composable tokens. It operated on Base and offered two products, bondETH and levETH, sharing a pool of staked and restaked ETH. The project was wound down in 2025.

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Maintainer signals as of 8/11/2026

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About Plaza Finance

Plaza Finance built programmable derivatives infrastructure on Base, enabling customizable splits of the risk and return of any tokenized asset, issued as cross-chain composable tokens. Its two flagship products, bondETH (a perpetual bond backed by ETH offering steady, predictable USDC income) and levETH (liquidation-proof leveraged ETH exposure), shared a single pool of staked and restaked ETH. The platform served retail and crypto-native users seeking either conservative fixed income or leveraged directional exposure to ETH without liquidation risk. Plaza attracted around 600,000 testnet participants and reached $2M in peak TVL, but was wound down in 2025 after failing to sustain usage beyond the testnet period; the team states no token was ever launched and all user funds were returned in full. The team is now building a new venture called EQX Labs.

About Plaza Finance

Plaza Finance built programmable derivatives infrastructure on Base, enabling customizable splits of the risk and return of any tokenized asset, issued as cross-chain composable tokens. Its two flagship products, bondETH (a perpetual bond backed by ETH offering steady, predictable USDC income) and levETH (liquidation-proof leveraged ETH exposure), shared a single pool of staked and restaked ETH. The platform served retail and crypto-native users seeking either conservative fixed income or leveraged directional exposure to ETH without liquidation risk. Plaza attracted around 600,000 testnet participants and reached $2M in peak TVL, but was wound down in 2025 after failing to sustain usage beyond the testnet period; the team states no token was ever launched and all user funds were returned in full. The team is now building a new venture called EQX Labs.

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