Pendle Launches Boros: On-Chain Funding Rate Trading on Arbitrum
Pendle Launches Boros: On-Chain Funding Rate Trading on Arbitrum
🎯 Funding Rates Go DeFi
Pendle has launched Boros on Arbitrum, introducing the first on-chain market for trading funding rates. The platform enables users to trade and hedge funding rates from major perpetual markets, starting with BTC and ETH on Binance.
Key features:
- Introduces Yield Units (YUs) for trading funding rate exposure
- Initial leverage capped at 1.2x with $10M per market OI limit
- Permissionless markets with settlement at maturity
- LPs earn Pendle incentives, swap fees, and APR
Notable use case: Protocols like Ethena Labs can use Boros to hedge funding rate exposure for stablecoin yields.
Future roadmap includes expansion to more assets, exchanges, and potential integration of real-world assets.
First on Arbitrum, @boros_fi by Pendle brings funding rates onchain This new DeFi yield primitive lets users trade funding rates and soon bonds, equities, and RWA rates, marking a major step in merging DeFi and TradFi into Finance Boros Everywhere. Arbitrum Everywhere
Introducing Boros, Pendle’s new platform for trading funding rates 🔗 pendle.medium.com/boros-introduc…
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