Programmable derivatives platform Plaza will begin a gradual shutdown today
According to Jinse Finance, programmable derivatives platform Plaza Finance announced on August 28, 2025, that it will begin liquidation effective immediately. The protocol's flagship products, bondETH and levETH, have been forced to terminate due to insufficient market recognition. The team will ensure that holders can safely redeem their assets and has initiated a step-by-step liquidation process. The liquidation will be conducted via CoWSwap, and the redemption price will be fixed based on the amount of ETH obtained from the liquidation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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