Pendle has opened Boros, a new platform on arbitrum which allows users to directly exchange the financing rates of Bitcoin (BTC) and ether (ETH) of perpetual markets.
Boros allows users to move to the exposure of financing rates or to the short financing using “yield units” (YUS), which are structurally similar to existing pendle yield tokens. Each yu represents the financing yield carried out on 1 unit of theory, such as 1 ETH or 1 BTC, up to expiration, offering a mechanism to speculate or covered against changing financing conditions on Binance and other places of major derivatives.
The platform was launched with upgraded parameters of 10 million dollars of interest opened per market and a lever effect of 1.2x.
Additional lists (including soil and BNB) and integrations (such as hyperliquidal and bybt) are planned, but the team has deliberately punctuated growth to prioritize risk management and system validation.
For merchants who pay or earn funding costs on CEX, Boros offers a new hedge: short yu if funding should fall; Long if the rates should increase.
Liquidity supply is also developed. Boros vaults will allow LP to provide capital to the system and gain exchange fees, suspension incentives and positive transport of favorable changes in implicit APR.
These vaults reflect the fixed yield vaults of the pendle and should lead to liquidity bootstraps on the protocol in early phases.
Incitations on the pendle will be distributed in prorata to order the flow and theoretical full, with an open reference program and expense discounts that should follow in the coming weeks.
