Programmable derivatives platform Plaza will be gradually closed today

According to Golden Finance, the programmable derivatives platform PlazaFinance announced that it will begin liquidation from now on August 28, 2025. The bondETH and levETH products that the agreement focus on were forced to terminate because they failed to obtain sufficient market recognition. The team will ensure that holders can redeem assets safely and have initiated a step-by-step liquidation process. The liquidation process will be carried out through CoWSwap, and the redemption price will be set fixedly based on the amount of ETH obtained from the liquidation.