Pendle launches the Boros platform, supporting funding rate trading and Hedging.

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Odaily News Pendle announced the launch of the Boros platform. The platform aims to support on-chain funding rate trading and hedging, initially supporting funding rate trading for perpetual futures of Bitcoin and Ether on Binance. Users can participate in the market with leverage, conducting directional trading on funding rates or risk hedging. Previously, Pendle's TVL had surpassed $7 billion. The Boros platform will launch with a $10 million open contract cap and 1.2x leverage, with plans to gradually add more assets like SOL, BNB, and integrations with Hyperliquid and Bybit in the future. Liquidity providers can also earn PENDLE incentives, trading fees, and other rewards through Boros Vaults. Pendle's CEO and co-founder TN Lee stated that Boros offers a scalable, permissionless method for funding rate hedging and trading. The underlying architecture of Boros is designed to support various forms of yield, including yields from DeFi protocols, TradFi, and off-chain assets.

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