Pendle Boros Launch (2025) event
Overview
Boros is Pendle's funding-rate derivatives venue, launched on 6 August 2025 on Arbitrum. It extends Pendle's yield-tokenisation model from staking yields to perpetual futures funding rates, letting traders hedge or speculate on funding through a fully on-chain order book. Pendle positioned it as the first on-chain market for funding-rate exposure, targeting a segment previously only tradable off-chain; the platform reported rapid early growth in open interest and notional volume after launch.
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Frequently asked questions
What is Boros?
A Pendle product that turns perpetual futures funding rates into tradable on-chain instruments, allowing users to hedge or take positions on funding through an on-chain order book.
When and where did Boros launch?
It launched on 6 August 2025 on Arbitrum.
How does it differ from Pendle's core protocol?
Pendle's core product tokenises yield from assets such as liquid staking and restaking tokens into PT and YT; Boros applies a comparable approach to perpetual funding rates instead.
Sources
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