DeFi

plaza finance

@unhedged21 yapping about Plaza, the market, and the future 👇

https://youtu.be/hDLBDdxfSsg

Bookmarking @plazafinance to understand where the 10% yield on $ETH comes from

The Public Square for On-Chain Bonds and Leverage 📈 | Live on @base 🚀 | https://plaza.finance | Yapping here /plazafinance

A random walk down @safe ❇️ and open source tech research

Thanks for the overview!

cc @nocrimez.eth

It comes from the staking/restaking reward from ETH (3-4%), and levETH investors implicitly paying for the leverage through sales of ETH from the underlying asset vault.