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Plaza Finance
@plazafinance
Where bondETH's yield come from? 🤔 1️⃣ The staking and restaking yield of ETH LSTs and LRTs backing bondETH 2️⃣ Levered investors paying for their leverage More below 👇
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Plaza Finance
@plazafinance
How does bondETH pay yield in USDC? 🧐 Plaza runs a decentralized and permissionless auction to swap ETH LSTs and LRTs to USDC for bondETH coupon payments. Read more about the design here: https://docs.plaza.finance/protocol-mechanics/coupon-auction
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Plaza Finance
@plazafinance
Why does bondETH pay a USDC yield? Because we all want $ income! It's easier for tradfi investors to understand. It's easier for you to pay bills and life expenses with USDC rather than ETH. You don't take ETH price risk on the income from your assets.
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Plaza Finance
@plazafinance
If you haven't done so already, you should hold some bondETH on testnet... might be helpful for taking advantage of release dropping tomorrow 👀 https://testnet.plaza.finance/earn
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