Plaza Finance Airdrop

Plaza Finance: Project Wind-Down & Final Claims Initiated

Plaza Finance has announced its official wind-down, marking a significant development for the project and its community. As of August 28th, 2025, Plaza Finance has begun the process of closing operations, and the liquidation phase is now complete. This means any potential future airdrops or incentive programs directly from Plaza Finance are no longer applicable.

However, users who held bondETH and levETH can now claim their ETH as part of the liquidation process. This is the final and most crucial action for asset holders.

Prior to this wind-down, Plaza Finance had focused on providing real yield to bondETH holders through USDC coupon distributions.

Key Developments & Final Actions

The primary focus for Plaza Finance users is the immediate and final action required due to the project’s wind-down.

• Project Wind-Down Confirmed: Plaza Finance officially announced its wind-down on August 28th, 2025. This decision concludes the project’s mission of building a platform for programmable derivatives like bondETH and levETH.

  • Official Wind-Down Announcement
  • More Wind-Down Information
  • Team’s Reflection on the Wind-Down

• Final ETH Claim for bondETH & levETH: The liquidation phase is complete, and holders of bondETH and levETH can now claim ETH for their assets. This is the last opportunity to redeem your holdings.

  • Claim Rate: 1 bondETH = 0.02239588698 ETH and 1 levETH = 0.53799184078 ETH.
  • Claim Link: You can claim your ETH at https://t.co/sLiOkK7iz5

Past Coupon Claims & Snapshots

Before the wind-down, Plaza Finance was actively distributing USDC coupons to bondETH holders based on snapshots. While these were yield distributions rather than airdrops of a new token, they represent past claimable events for asset holders.

• First bondETH USDC Coupon Claim: Initiated on August 6th, 2025, distributing ~$20k in USDC. Eligibility was determined by holding bondETH at the July 27th snapshot block or by providing bondETH liquidity.

  • First Coupon Claim Announcement
  • Bug Fix for LP Claimers

• July 27th Snapshot: A snapshot for the first bondETH USDC coupon was taken on July 27th, 2025, at 12 PM ET.

  • Snapshot Confirmation
  • Snapshot Reminder

Key Event Summary

Event Type	Date (YYYY-MM-DD)	Details	Relevant Tweet Link
Project Wind-Down	2025-08-28	Plaza Finance officially announced its wind-down.	Link
Final ETH Claim	2025-08-28	Liquidation complete; claim ETH for bondETH/levETH.	Link
Coupon Claim (Bugfix)	2025-08-13	Frontend bug fixed, enabling LPs to claim 7/27 USDC coupon.	Link
Coupon Claim (Live)	2025-08-06	First bondETH USDC coupon claim went live for 7/27 snapshot holders.	Link
Snapshot Taken	2025-07-27	Snapshot for the first bondETH USDC coupon distribution.	Link

For any remaining bondETH or levETH holders, it is critical to visit the provided claim link immediately to redeem your assets.