Total value of the locked pendle (TVL) reached a record of $ 8.27 billion, while its native token pendle climbed 45% in last week to $ 5.6 at the rear of the new protocol yield traffic platform.
Bitcoin financing rates of an average of around 10% annualized this week and about $ 80 billion in open interest, according to dunes, more than 8 billion dollars change long and shorts each year.
Boros packs those who give assets on an exchangeable chain called yield units (Yus)Let the traders disappear for a long time or the prices themselves.
Boros can be used for numerous preliminary strategies, including floating cover financing payments in fixed rate or lock high yields during volatile periods.
In his first two days, Boros attracted deposits of more than 283 Weth (approximately $ 1.1 million) and 6.4 WBTC (about $ 750,000) In its chests, the data shows.
The activity on the deployment of Pendle arbitrum has increased in parallel with the launch, with active addresses reaching 1,428, well above the monthly average, and buyers and sellers multiplying on decentralized exchanges according to Theie data.
While Boros currently supports BTC and ETH financing rates, the plans are to extend to other floating yields such as toilet rewards and tokenized cash bills.
Pendle performance and the total locked value also came to the back of the hyperliquid ecosystem. The company joined the hyperliquidal at the end of last month. Since then, Kinetiq Khype, the largest liquid token on the hyperliquid hyperevm, attracted $ 221 million of total locked value.
Pendle Token, during last week, considerably surpassed the wider market of cryptocurrencies, as measured by the Coindesk 20 index (CD20), which increased by 13.15% over the period.
