What is Plaza Finance Testnet? Earn Points and Get Benefits

Plaza Finance is a platform designed to give users more control over their investments in Ethereum-based staking assets. To ensure everything works as intended, Plaza Finance has launched its Testnet, a testing environment where you can try out their tools and earn rewards. 

Whether you’re new to decentralised finance or have experience in crypto, the Testnet is an easy way to get hands-on experience with Plaza’s features.

Let’s dive into what Plaza Finance offers, how you can participate in its Testnet, and the benefits you can earn.

What Is Plaza Finance and How Does It Work?

Plaza Finance operates on the Base blockchain and focuses on creating programmable derivatives, tools that allow users to customise how they earn or manage returns on their Ethereum-based assets.

^{Source: Plaza Finance}

Key Products: bondETH and length

1. bonds: This product is for people who want predictable returns. By holding bondETH, you can claim regular payouts in USDC (a stablecoin) at the end of specific periods.
2. length: This product is designed for those looking for higher risk and potentially bigger rewards. levETH uses leverage to increase the potential returns on your staked Ethereum assets.

Both bondETH and levETH are built from staking assets like wstETH (wrapped staked Ethereum). These tools allow users to split the returns from their staking investments in ways that suit their needs, whether they want stable payouts or higher potential gains.

_{Source: Plaza Finance}

What Can You Do on Plaza Finance?

Plaza Finance has three main features:

1. Creations: Convert your staking assets (like wstETH) into bondETH or levETH.
2. Redemptions: Exchange your bondETH or levETH back into the original staking assets.
3. Coupon Claiming: If you hold bonds, you can collect USDC rewards at the end of each distribution period.

These tools let users manage their staking investments more flexibly, giving them the ability to tailor their risk and returns.

Read Also: How to Make Money Trading Crypto Futures: 5 Strategies for Success

How to Join the Plaza Finance Testnet

Joining the Plaza Finance Testnet is simple and only takes a few steps. Once you’re set-up, you can start using their features and earning rewards.

Step 1: Connect Your Wallet

To get started, visit the Plaza Testnet website and connect your wallet. If you don’t have a wallet yet, you can use options like MetaMask, which is free and easy to set up. Connecting your wallet lets you interact with the Testnet and access all of Plaza’s tools.

Step 2: Get Test Tokens

Once your wallet is connected, you’ll need test tokens to start exploring. Plaza provides Base Sepolia ETH, Plaza wstETH, and Plaza USDC as test tokens for free. Simply click the Get Test Tokens button on their platform, and you’ll have everything you need to begin.

Step 3: Use the Testnet

With your test tokens in hand, you can now explore Plaza’s features. Try buying and selling bonds and levETH to see how they work. By actively testing these features, you’ll earn Plaza Points, which are rewards for your participation.

Step 4: Join the Community

Engage with Plaza’s growing community by joining their Discord and Telegram groups and following them on Twitter. Being active in the community can earn you bonus points and keep you updated on new developments.

Step 5: Invite Friends

You can also earn additional rewards by inviting friends to join the Testnet. Share your unique referral link, and you’ll earn points for every friend who participates. This is a great way to grow the Plaza community while maximizing your rewards.

Why Participate in the Plaza Finance Testnet?

The Plaza Finance Testnet isn’t just about testing—it’s also an opportunity to learn, earn rewards, and be part of an exciting new project.

Gain Practical Experience

The Testnet gives you a chance to explore Plaza’s tools in a real-world setting without risking real money. This is a great way to understand how programmable derivatives work and how you can use them to manage your investments.

Earn Rewards

By participating in the Testnet, you’ll earn Plaza Points for completing tasks, joining the community, and inviting friends. These points could translate into future benefits when Plaza Finance goes live on its mainnet.

Contribute to the Project

Your participation helps Plaza improve. By testing features, providing feedback, and reporting any issues, you’re playing an important role in ensuring the platform is user-friendly and reliable.

Read Also: XRP vs. Ethereum: Analisis Komparatif untuk 2025

What Makes Plaza Finance Unique?

Plaza Finance is different from other platforms because it focuses on giving users more control over their staking investments. Here are a few things that set it apart:

1. Flexibility: With bondETH and levETH, you can choose the level of risk and return that works best for you.
2. Permissionless Design: Anyone can use Plaza Finance’s tools without needing special access or permissions.
3. Trusted Partners: Plaza works with Chainlink to provide accurate price data, ensuring that all transactions are transparent and fair.

The platform’s compatibility with other decentralized protocols also makes it easy to integrate with tools like decentralized exchanges or lending markets, giving users more options for using their derivatives.

Read more about Ethereum (ETH):

ETH to USD: Convert Ethereum to US Dollar

Ethereum (ETH), Market Cap, Price Today & Chart History

How to buy Ethereum (ETH)

Ethereum (ETH) Price Today

How to Stake Ethereum (ETH)

Trade Ethereum (ETH) Futures

Conclusion

Plaza Finance Testnet is an exciting opportunity to explore a new way of managing Ethereum-based staking assets. Whether you’re a seasoned investor or just getting started in the crypto world, the Testnet offers a hands-on experience with tools like bondETH and levETH.

By participating, you’ll not only learn how programmable derivatives work but also earn rewards and contribute to the development of a cutting-edge platform. If you’re ready to join, connect your wallet, get your test tokens, and start exploring Plaza Finance today.

Frequently Asked Questions

What is Plaza Finance?
Plaza Finance is a blockchain platform that allows users to manage Ethereum-based staking assets with customizable tools like bondETH and levETH.

How can I join the Plaza Testnet?
To join, connect your wallet to the Plaza Testnet, get test tokens, and start exploring features like buying and selling bonds and levETH.

What are Plaza Points, and how do I earn them?
Plaza Points are rewards for participating in the Testnet. You can earn them by testing features, joining the community, and referring friends.

Investor Caution 

While the crypto hype has been exciting, remember that the crypto space can be volatile. Always conduct your research, assess your risk tolerance, and consider the long-term potential of any investment.

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Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.