Pendle’s Boros don start funding rate trading for BTC & ETH
Pendle don launch Boros, new platform for Arbitrum wey dey allow traders speculate or hedge di funding rates for Bitcoin (BTC) and Ethereum (ETH) perpetual contracts. Di protocol dey issue Yield Units (YUs) wey each one represent one unit of notional principal, wey dey allow users lock future funding rate returns. For launch, Boros limit open interest to $10 million per market and enforce max leverage of 1.2x. Di team plan to gradually add support for more assets like Solana (SOL) and Binance Coin (BNB), plus integrate with more derivatives venues like Hyperliquid and Bybit, while dem dey focus on risk management and system validation. Liquidity providers fit deposit for Boros vault to earn trading fees, PENDLE token incentives, and positive carry from APR changes. PENDLE rewards dey allocated based on order flow and notional volume, with referral and fee rebate programs wey go follow. This funding rate trading platform dey give traders focused tool to manage funding rate exposure outside centralized exchanges.
Bullish
Da launch of Boros dey expand DeFi derivatives options by allowing traders to directly trade and hedge BTC and ETH perpetual funding rates for Arbitrum. Yield Units and PENDLE incentives go likely attract liquidity, boost protocol adoption. Similar launches—like GMX’s perpetual contracts—don drive user growth and trading volume, wey suggest say e get positive impact for market demand and deeper DeFi integration. For both short and long term, the new funding rate trading tool fit improve capital efficiency, draw speculative flows, and reinforce bullish sentiment inside crypto derivatives markets.