Pendle has launched the funding rate trading platform Boros, which debuted on Arbitrum.

On August 6th, Pendle launched the funding rate trading platform Boros on the Arbitrum network. This platform enables users to trade the on-chain funding rate yield of BTC and ETH. Currently, Boros supports trading the funding rates of BTCUSDT and ETHUSDT on the Binance platform and is planned to 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 focuses on the funding rate market of Binance's BTCUSDT and ETHUSDT perpetual contracts, with the following limits: a maximum open interest of $10 million in 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 dedicated to yield trading and plans to integrate RWA yield products like bonds and stocks later to build a more comprehensive on-chain yield infrastructure. In the future, Boros will continuously expand to support more currencies, exchanges, and new features. The team also mentioned that they will closely monitor market reactions and adjust parameters dynamically.