Plasma One
Self-custodial stablecoin neobank + Visa card on the Plasma L1 (XPL). Three tiers pay 2-4% cashback in XPL plus up to 5% yield on balances. Backed by Tether's Paolo Ardoino and Peter Thiel.
Farming Overview
Key Statistics
How to Farm Plasma One
- Download the Plasma One app (iOS live; Android shipping June 2026) and fund with USDT, USDC, or USDS
- Lite tier is free — 2% XPL cashback (capped $250/mo); good for testing with no lock-up
- Core ($120/yr or lock 20,000 XPL for 12mo) — 3% base + 5% on AI spend, bundles ChatGPT Go
- Platinum (lock 100,000 XPL for 12mo) — 4% base + 10% AI + 10% flights ($1,000/mo cap), bundles Claude Pro + ChatGPT Plus + travel perks
- Hold stablecoins for up to 5% baseline yield (10%+ via DeFi vault operators — not guaranteed)
- XPL cashback pays out weekly on Thursdays — an already-liquid token, not a speculative points balance
- Joined in the launch window? Core is free for year one (~$1,000 value)
About Plasma One
Plasma One is the flagship neobank product from Plasma, a Layer-1 blockchain purpose-built for stablecoins (launched Sept 2025 with $2B+ TVL, backed by Tether CEO Paolo Ardoino and Peter Thiel). The card went live June 17, 2026, issued by Rain (a Visa Principal Member) and accepted anywhere Visa works across 150+ countries (excluding the US). It is fully self-custodial — your stablecoin balance is owned and custodied by you. Unlike pre-TGE card programs, rewards here are paid in XPL, an already-liquid token trading at ~$0.10 (down ~94% from its $1.68 ATH), so the value proposition is real cashback + yield rather than a speculative future airdrop.
Why Use Plasma One?
- Cashback paid in XPL, a liquid token — immediate, realizable value rather than a speculative points balance
- Up to 5% baseline yield on idle stablecoin balances (10%+ via DeFi)
- Self-custodial Visa card — spend at any Visa merchant across 150+ countries without giving up custody
- Tier lock-ups (20K / 100K XPL) create XPL demand and unlock higher cashback + AI/travel bundles
- Backed by Tether's Paolo Ardoino and Peter Thiel — deep stablecoin-rail alignment
- Note: not available to US residents; XPL is well off its ATH, so weigh cashback value against token volatility
Similar Crypto Card Protocols
Frequently Asked Questions
What is Plasma One and how does it work?
Plasma One is the flagship neobank product from Plasma, a Layer-1 blockchain purpose-built for stablecoins (launched Sept 2025 with $2B+ TVL, backed by Tether CEO Paolo Ardoino and Peter Thiel). The card went live June 17, 2026, issued by Rain (a Visa Principal Member) and accepted anywhere Visa works across 150+ countries (excluding the US). It is fully self-custodial — your stablecoin balance is owned and custodied by you. Unlike pre-TGE card programs, rewards here are paid in XPL, an already-liquid token trading at ~$0.10 (down ~94% from its $1.68 ATH), so the value proposition is real cashback + yield rather than a speculative future airdrop.
How do I farm the Plasma One airdrop?
To farm the Plasma One airdrop, you should: Download the Plasma One app (iOS live; Android shipping June 2026) and fund with USDT, USDC, or USDS. Lite tier is free — 2% XPL cashback (capped $250/mo); good for testing with no lock-up. Core ($120/yr or lock 20,000 XPL for 12mo) — 3% base + 5% on AI spend, bundles ChatGPT Go. Platinum (lock 100,000 XPL for 12mo) — 4% base + 10% AI + 10% flights ($1,000/mo cap), bundles Claude Pro + ChatGPT Plus + travel perks. Plasma One is currently in the early farming stage with token live airdrop status.
What is the expected value of the Plasma One airdrop?
The Plasma One airdrop has an expected value rating of 3 out of 5 ($$$). The farming stage is early and the airdrop status is token live. Expected value ratings on The Farmers Market consider factors like protocol TVL, funding, team quality, and token economics.