plaza finance

🚨 MAJOR UPDATE 🚨

Plaza will be launching incentivized pre-deposits into the protocol on @base MAINNET on March 24th at 2 pm ET 🎉

This marks the end of the Pre-Season, and start of Season 1 rewards 📊

More info is below 👇

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

Users can deposit WETH, wstETH, cbETH, ezETH, weETH, and rETH to earn 10 Plaza Points per $ per day (20%+ APY) 🤑

Users who deposit earn a 0.01x multiplier each day, so rewards compound over time 📈

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Users who refer depositors will receive 10% of the Plaza Points earned by the depositors they refer (additive only) 🤝

You can find your referral link on testnet.plaza.finance/rewards 👈

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At protocol launch, pre-depositors will receive 70% of their deposited assets in bondETH and 30% of their deposited assets in levETH, which represents exposure equal to the ETH LSTs and LRTs they deposited 📈

Depositors can then freely trade to the side of the market they prefer, and all users may freely trade bondETH and levETH 🔄

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Depositors may withdraw their funds at any time but will forfeit the Plaza Points they earned for depositing in Season 1 ⚠️

Your Pre-Season points are safe ✅

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Pre-Season Points and Season 1 Points are separate to ensure that testnet testers are fairly rewarded for their contributions to the Plaza 🤝

There will be a new leaderboard for Season 1, and the Pre-Season leaderboard will be locked and remain public for transparency ✅

Pre-Season rewards will be distributed along with Season 1 and Season 2 rewards at the end of Season 2 👀

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If you've been testing Plaza with a burner wallet, now is a good time to connect your main wallet as a Linked Account to guild.xyz/plaza-finance to ensure your social multipliers apply for mainnet rewards 👀

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Read the full Season 1 Points Guide here: https://docs.plaza.finance/plaza-points-pp/season-1-guide 📖

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Pre-Deposits are capped at $10m USD worth of ETH LSTs and LRTs. All depositers will receive a 10% points boost once the deposit cap is reached 👀

We expect the cap to fill quickly so be ready on 3/24 at 2 pm ET with your supported ETH LSTs and LRTs 🏃‍♂️

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