- bondETH offers a novel approach for risk-conscious users, providing a fixed USDC income stream derived from staked and restaked Ethereum liquid staking tokens (LSTs and LRTs).
- levETH presents a game-changing solution for long-term ETH bulls, offering leveraged exposure to Ethereum without the typical liquidation risks associated with other DeFi leverage products.
New York, NY — On April 29, Plaza Finance introduced bondETH and levETH, catering to the varied needs of investors. BondETH targets risk-averse users by providing predictable USDC returns derived from a diversified pool of staked Ethereum tokens. Meanwhile, levETH offers Ethereum enthusiasts a way to gain leveraged exposure to ETH's growth without the typical risk of liquidation inherent in traditional leveraged trading.
In a DeFi landscape often dominated by short-term trading strategies and confined user funds, these programmable derivatives present a solution. BondETH and levETH empower the creation of tailored financial instruments with customizable risk and reward profiles, thereby enhancing portfolio diversification and security. These assets transform staked and restaked ETH into liquid tokens seamlessly integrated into the wider DeFi ecosystem, boosting Ethereum's economic stability.
The significant interest shown by 600,000 testnet users and $1.5 million in early deposits highlights the demand for such innovative offerings. Plaza Finance's strategic partnership with Layer Zero, a leader in cross-chain interoperability, marks a crucial step towards extending these financial instruments beyond their initial network. This collaboration ensures the derivatives' efficient expansion across various blockchain platforms, enhancing their accessibility and influence.
Ryan Galvankar, founder of Plaza Finance, views this launch as a pivotal moment, establishing the firm at the forefront of DeFi innovation. This initiative is built on a $2.5 million pre-seed round led by Anagram Ventures in 2024. Looking ahead, Plaza Finance plans to further diversify its portfolio with derivatives like bondBTC, levBTC, and assets based on SOL and real-world assets, signifying a new direction in on-chain financial utility.
