Boros

@ModestusOkoye @pendle_fi @DarkLord_gr more coming soon!

lovely to see @pendle_fi has recorded deep growth despite market corrections V2 is still cooking and I am curious to see how curators will lever up on PTs/YTs also @boros_fi is another goldmine which most people are not seeing yet (grateful to @DarkLord_gr for all the insights he shares about his Boros positions)

@pendle_fi Job’s not done

@crypto_linn @pendle_fi full send

Key Takeaways from @pendle_fi 's Community Call and H1 2026: • ze auto-looping is the surface-level feature: The deeper objective is to convert PTs from passive fixed-yield instruments into reusable collateral primitives across Aave, Morpho and Euler, that changes Pendle’s addressable market from yield trading to the broader architecture of onchain credit formation.. • Pendle does not want to vertically integrate all of DeFi: It wants to control the yield abstraction layer while allowing money markets to supply liquidity, leverage and collateral infrastructure they say,“We want to stay in our lane”.. The important point is that Pendle’s lane is gradually becoming the connective tissue between yield origination, fixed-rate exposure and capital efficiency • Curators introduce a distributed market-creation model: Instead of Pendle remaining the sole bottleneck for PT/YT launches, selected partners will be able to instantiate markets themselves • Pendle-branded vaults extend that distribution logic: Starting with Morpho, the goal is to package fixed-yield and looping strategies into products that can be accessed through third-party liquidity venues.. Pendle retains the UX and product identity without needing to own the entire balance sheet beneath it • The US is becoming strategically important: @tn_pendle is spending more time in NYC building relationships with major RWA issuers and exploring compliant DeFi utility for permissioned assets and ze opportunity is not just tokenisation it is the financialisation of tokenised assets through fixed rates, collateral utility, secondary liquidity and structured distribution • RWAs are already economically central to Pendle; V2 averaged $1.3B in daily TVL YTD, while 9 of its 11 featured assets were RWA-linked, zis suggests Pendle is not simply benefiting from the RWA narrative, it is increasingly becoming part of the market structure through which RWA yield is transformed into investable fixed-income exposure • Pendle’s role for issuers is becoming clearer: RWA platforms originate yield + Pendle converts that variable yield into fixed-rate instruments + Money markets then make those instruments collateral-efficient + Vaults make the resulting strategies distributable = Each layer increases the utility of the one beneath it • ze Monad demonstrated the portability of the model: Pendle became a top-five protocol on Monad with over $150M TVL in under one month and only three pools, zis is a strong example of how a small number of high-quality yield markets can create disproportionate ecosystem relevance • le Boros is narrowing its strategic aperture: ze goal is no longer to become another generic trading venue, ze new mission is to become infrastructure for funding-rate arbitrage across exchanges, with institutions as the initial target market • Boros has STILL processed over $14B in volume in under 12 months and users are up 50% YTD, ze product has meaningful throughput, but the team was honest that it has not yet found its final equilibrium (yet) • TN openly admitted that Boros “still has not found its footing” (and that's ok, linn thinks, specially in this market) Funds continue to price $PENDLE primarily on V2 revenue, and the team does not want to impose a token model before Boros finds genuine product-market fit, zis is preferable to manufacturing token utility around an unresolved product thesis • Pendle is also resisting chain-expansion theatre, no Canton deployment planned for now (good, linn thinks most of canton also incentives not longevity) ze team would rather enter later with validated demand than become a first mover into an ecosystem without sufficient economic density (good team) • Tokenomics have become materially tighter. Weekly PENDLE emissions fell from approximately 90K to 21K. The intended reduction was 30%. The realised reduction was 76% (gyat...team always overdelivering) AND according to the team, protocol performance did not deteriorate (linn agrees) • Zis matters because lower emissions change the quality of growth, if TVL, volume and usage persist while token issuance falls, activity becomes less dependent on rented liquidity and more reflective of actual product demand (mucho longevity) • Staking behaviour reinforces that signal, around 36% of PENDLE is now staked (including linn's) More than 2M PENDLE has been purchased from the open market and distributed to stakers. Roughly 93% of stakers have never unstaked (diamond hands fr) That suggests increasingly persistent rather than purely mercenary holder participation, • Ze broader thesis is simple, even if the architecture is not, Pendle is evolving from a destination for yield trading into infrastructure for: → yield decomposition → fixed-rate formation → collateralisation → leverage → market distribution → structured product packaging • Pendle does not need to become every protocol, only needs PTs to become embedded across enough protocols that Pendle’s yield layer becomes difficult to route around -> “staying in our lane” (and holy moly is it a good lane) tldr: pendle go up, pendle team relentless, tn mucho excellente fearless leader, jobs not done dc: as always, linn is tier 1 kol supreme for pendle

Trade SKHYNIX funding rates on Boros: boros.pendle.finance/markets/176

With the recent news of the $SKHY cap on the US ADR (see QT), traders are heavily shorting SKHYNIX on HL… And the funding rate has dropped off a cliff to nearly -350% APR. What this means: 🔹SKHYNIX Longers on HL will receive a huge payout in the next hour if rates remain this negative 🔹Anyone doing cash/carry on SKHYNIX is about to pay a ton of funding on their short position 🔹SKHYNIX shorters on Boros are about to rake it in on the upcoming settlement PSA: if you're using Boros’s SKHYNIX funding rate market, you're immune to this funding rate volatility. If you paired the SKHYNIX cash/carry trade with shorting SKHYNIX funding on Boros? (your implied APR entry = your fixed yield) You’re receiving anywhere from 20-40% APR until you unwind the trade. Don’t let negative funding rates ruin your yield like @PendleIntern (pictured below). Just use Boros for fixed funding rates instead 👍

@EternalEila @crypto_linn @pendle_fi @DeFiSaver @maplefinance @Theo_Network @Mantle_Official we did 👀

@crypto_linn @boros_fi @pendle_fi @DeFiSaver @maplefinance @Theo_Network @Mantle_Official heard boros just hit 20b volume already

Boros上线了过去四周套利最热门的标的SKHYNIX，关于海力士过去四周我主要做了两种操作 1.由于散户接触韩股有一定门槛，合约大部分时间做多拥挤，我做了中性吃费率，并且持续在做（空SKHYNIX合约，多SKHYNIX券商） 2.在adr上线第一天赌海力士和美力士差价扩大（空SKHYNIX合约，多SKHY券商）我在差价一度扩大到50%之后选择了陆续平仓但并没有反向开仓赌收敛，我在频道写了一点，用赌这个字就是字面意思，脱离了套利的完全可控，是在猜波动的中心值，开反可能会被套。 现在Boros上了HL的海力士意味着，在这几周极大的波动和不确定下面，可以锁定做多的成本或者锁定中性吃费率的利润。同时应用在差价套利，时差套利时，可以把费率的成本或利润精确控制。之前已经写过很多类似的内容，聪明的你一定马上就套用上了。 另外Boros的OTC板块正在上线中，之后的深度匹配应该会更上一层楼了。

@0xSearchie @Rightsideonly hey we're here to help 😁

@Rightsideonly @boros_fi Do I understand it? no, do the lines make me feel smart? Not really either

Juicy ETH-HL funding carry coming out on Boros today ETH-Hyperliquid implied is sitting at ~8.9% right now. When the implied rate < floating you can short YU or you can do a delta-neutral to lock that juicy APR in How to do it: cash-and-carry 1. hold spot ETH 2. Short the ETH perp on HL 3. Short YU on Boros The price cancels, funding cancels, and you're down to holding ~8.9% fixed to maturity. It's also the deepest ETH book on Boros, so size all you want

Trade these new maturities on Boros now: boros.pendle.finance/markets

If you’re looking for spreads with these new maturities, make sure to check out our Boros Data Board. You’ll be able to see historical data of spreads between various perp markets, and use that to earn yield from structural inefficiencies: boros-data-dashboard.pendle.finance

Don’t get chopped up trading crypto over the summer… Collect the sweet yields of our $BTC, $HYPE, and $ETH August maturities on Boros now! These markets let you arbitrage the spread between 6 different perp platforms - more yield for the smart Boros trader.

Mọi người cứ so Boros với Hyperliquid như thể đây là cuộc đua volume. Nhưng Boros không muốn lấy volume của Hyperliquid. Nó muốn thu phí từ chính Hyperliquid. Đây là góc mà phần lớn đang bỏ qua. --- Thị trường perp DEX xử lý $150-200 tỷ volume/ngày. Hyperliquid giữ ~37% thị phần, $172 tỷ volume 30 ngày, $9 tỷ+ open interest. Trong mỗi giao dịch đó luôn có một biến số ai cũng biết nhưng không ai kiểm soát được: funding rate. Pendle Boros biến funding rate thành tài sản mua bán riêng qua Yield Unit (YU): - Long YU = trả fixed, nhận floating (cược funding tăng) - Short YU = trả floating, nhận fixed (hedge chi phí) - Không cần quan điểm về giá. Chỉ giao dịch thuần rate. Trước Boros, long ETH perp trên Hyperliquid mà funding đột ngột tăng? Bạn không có cách hedge trực tiếp. Giờ thì có. Boros đang xây lớp hạ tầng bên trên perp DEX, khai thác dữ liệu funding rate mà chính các sàn tạo ra. Chưa đầy 1 năm: $2.83 tỷ volume, $6.9 tỷ notional OI. Ví dụ cụ thể: Ethena tạo yield từ short funding. Khi funding âm, Ethena lỗ. Boros cho phép lock in fixed rate, tách rủi ro khỏi reserve model. Nếu logic này nhân rộng, Boros không chỉ là sản phẩm trading, nó là infrastructure cho yield management layer mới. Câu hỏi thực sự: ai sẽ tích hợp funding derivatives kiểu Boros đầu tiên vào native ecosystem của họ? ⚠️ Đây là nhận định cá nhân, không phải là lời khuyên đầu tư

@crypto_linn ohai there Linn

@boros_fi boros

@pendle_fi Pendle <> Boros ❤️

2 mins to understand the SK Hynix Arbitrage 👇🏻 • SK Hynix trades in Korea and as a US ADR • 1 ADR = 1/10 of a Korean share, so it should cost 1/10 of the Korean price • It doesn't, ADR trades ~30% too expensive now • Why? Converting Korean shares into ADRs is blocked, so nothing forces convergence • Conversion opens 29 July, and traders expect the gap to shrink The Trade 📈 • Long the cheap Korean side, short the expensive US side, profit when the gap closes on 29 July • Everyone and their mom is doing this, so funding on the Korean perp on @HyperliquidX is super high, going as high as 180-240% APR • This funding eats into your profit every hour How Boros Helps 🛠️ • For arbitrageurs, LONG YU to fix your long-leg funding cost at the Implied APR. • For cash and carry traders, SHORT YU to fix your funding rate earning Some Risks ⚠️ • The gap may not close if Korea limits conversion • It likely won't hit zero. TSMC's ADR premium never has • Funding rates can drop/fluctuate, especially during closing hours (Refer to @tradexyz docs on "Discovery Bound")

@crypto_linn moar coming soon Linn

Pendle hasn't spilled the beans yet completely but few yuge points: - institutions are the mucho upside, pendle will become the default onchain yield distribution layer for treasury desks and financial asset issuers - RWAs are already pendle’s biggest growth driver this year, mucho institutional demand - le pendle is evolving from a protocol into a platform: trusted third parties will be able to launch and manage their own markets, yuge expanding potential supply - distribution is core strat: morpho vaults, auto-looping, new chains and external venues can bring pendle yield to users without them needing to use pendle directly - boros may have found its strongest product-market fit in cross-platform funding-rate arbitrage, mucho room for growth - boros plans to turn complex four-leg arbitrage into simple fixed-yield vaults, opening the strategy to much mucho capital - focusing boros liquidity on btc, eth and hype should improve adoption by concentrating on markets traders already understand and use - future boros expansion could include leveraged pt and yt trading, increasing utility and demand across the wider pendle ecosystem dunno about you but this sounds great already...they've not even had ze pendle update call yet :) dc: linn is tier 1 kol supreme for pendle