Pendle has launched the funding rate trading platform Boros, which debuted on Arbitrum.
BlockBeats News, August 6th, Pendle launched the funding rate trading platform Boros on the Arbitrum network, supporting users to trade BTC and ETH on-chain funding rate yield. Boros now supports trading the funding rates of BTCUSDT and ETHUSDT on the Binance platform and will gradually expand to more assets (such as SOLUSDT, BNBUSDT), more platforms (such as Hyperliquid, Bybit), and more expiry time products in the future.
The platform initially supports the funding rate market of Binance's BTCUSDT and ETHUSDT perpetual contracts, with the following limits: a maximum open interest of $10 million nominal value per trading pair; an initial leverage limit of 1.2x. Users can hedge or speculate on future funding rate changes by buying and selling Yield Units (YU), similar to Pendle's YT mechanism.
Boros aims to become the core platform in the Pendle ecosystem focused on yield trading and plans to later integrate RWA yield products such as bonds and stocks to build a more comprehensive on-chain yield infrastructure. In the future, Boros will gradually expand to support more currencies, exchanges, and new features. The team also stated they will closely monitor market reactions and dynamically adjust parameters.
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