Plaza Finance contributed the following description of Plaza:

Plaza is a platform for programmable derivatives built as a set of Solidity smart contracts on Base. It offers two core products: bondETH and levETH, which are programmable derivatives of a pool of ETH liquid staking derivatives (LSTs) and liquid restaking derivatives (LRTs) such as wstETH. Users can deposit an underlying pool asset like wstETH and receive levETH or bondETH in return, which are represented as ERC20 tokens.

BondETH and levETH represent splits of the total return of the underlying pool of ETH LSTs and LRTs, giving users access to composable profiles of risk and return that better suits their needs and investment style.

Zellic conducted a security assessment for Plaza Finance from February 13th to February 14th, 2025. During this engagement, Zellic reviewed Plaza's code for security vulnerabilities, design issues, and general weaknesses in security posture.