Pendle’s Boros, launched as its TVL surpasses $7 billion, allows institutional and DeFi traders to hedge funding rate exposure on Binance’s perpetual contracts using innovative Yield Units.
Pendle introduced its new product Boros, enabling institutional and DeFi traders to long or short Yield Units (YUs) to hedge funding rate exposure on Binance's BTC and ETH perpetual contracts. The product operates under a $10 million open interest cap with 1.2x leverage, coinciding with the platform's TVL surpassing $7 billion. Future plans include expanding asset coverage and integrating with platforms such as Hyperliquid and Bybit.