Pendle has opened Boros, a new platform on Arbitum that allows users to directly trade the funding rates for Bitcoin (BTC) and Ether (ETH) eternal markets.
Boros lets users go long or short with exposure to financing speed using “dividend units” (YUS), which structurally resembles the existing dividends. Each YU represents the realized funding outcome of 1 unit of nominal, such as 1 ETH or 1 BTC, until the outlet, offering a mechanism to speculate or hedge against changing funding on binance and other major derivatives.
The platform was launched with uncovered parameters of $ 10 million open interest. Market and 1,2x leverage.
Additional lists (including sun and BNB) and integrations (such as Hyperliquid and Bybit) are planned, but the team has a deliberate pace of prioritizing risk management and system validation.
For dealers who pay or earn financing fees at CEXS, Boros offers a new hedge: Map Yu, whose financing is expected to fall; Long if prices are expected to spike.
Liquidity insurance is also in focus. Boros Vaults allows LPS to deliver capital to the system and serve swap fees, commuteincitaments and positive transports from favorable shifts in implied Apr.
These vaults mirror the pendant’s fixed yield vault and are expected to operate protocol-side liquidity stopping in early stages.
Pendal -incitaments will be distributed pro rata to order stream and perception -filled, with an open referral program and fee discounts to be followed in the coming weeks.
