According to Mars Finance, on August 6th, Pendle launched the funding rate trading platform Boros on the Arbitrum network, allowing users to trade the funding rate returns of BTC and ETH on-chain. Boros now supports trading the funding rates of BTCUSDT and ETHUSDT on Binance, with plans to gradually expand to more assets (such as SOLUSDT, BNBUSDT), more platforms (such as Hyperliquid, Bybit), and more expiration times. In the initial phase, the platform supports the funding rate market for Binance BTCUSDT and ETHUSDT perpetual contracts, with the following restrictions: the open interest limit for each trading pair is $10 million nominal value; the initial leverage limit is 1.2 times. Users can hedge or speculate on future funding rate changes by buying and selling Yield Units (YU), a mechanism similar to Pendle's YT. Boros aims to become the core platform focused on funding yield trading within the Pendle ecosystem, and plans to later integrate RWA yield products such as bonds and stocks, creating a more comprehensive on-chain yield infrastructure. In the future, Boros will gradually expand to support more currencies, exchanges, and new functions, with the official team stating they will closely monitor market reactions and dynamically adjust parameters.

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