Derivatives do $15B+ in daily volume, but funding rates, the backbone of perps, have never been directly tradable.
@pendle_fi’s new product, @boros_fi, changes that.
It isolates funding exposure from price, turning it into a standalone, liquid asset. Think: how options isolate volatility; this does the same for funding.
It’s the first real hedge for funding rate risk. Huge for traders, treasuries, delta-neutral protocols. LPs earn from swap fees, Pendle incentives, and positive carry.
Initial rollout is small ($10M cap, 1.2× leverage, Binance perps), but the roadmap includes @Bybit_Official, @HyperliquidX, $SOL, $BNB, and more.
Truthfully, this is more than a yield product. It’s a new primitive, designed for institutions, built into the core of DeFi.
It's early now. But Boros won’t stay quiet for long. 🔥
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