Pendle’s Boros Platform Smashes Records—Here’s Why Traders Are Flocking In

Pendle isn't just growing—it's rewriting the DeFi playbook. The yield-trading protocol's Boros upgrade has triggered a surge in activity, leaving competitors scrambling to keep up.

Why the frenzy? Boros slashes gas fees by 40% while boosting throughput—no small feat in a sector where 'efficiency' usually means 'pay more, wait longer.' Traders are voting with their wallets: TVL spiked 72% in Q2, and derivatives volume hit $1.8B daily.

The secret sauce? Pendle's fixed-rate yield tokens now integrate with every major lending protocol. Want to short staking rewards or hedge LP positions? Boros lets you bypass traditional custody risks—assuming you trust smart contracts more than Wall Street's 'bulletproof' balance sheets.

Critics whisper this is just leveraged yield farming with extra steps. But when APYs triple the TradFi average, even cynics start checking gas prices.

Features of the Boros Platform

This week, Bitcoin$119,264 funding rates have been reported to hover around an annual average of 10%. With approximately $80 billion tied up in open positions, over $8 billion is being exchanged annually. The Boros platform introduces this yield as On-Chain Yield Units (YUs), offering investors the opportunity to take long or short positions on these rates.

Through Boros, users can develop advanced strategies, such as hedging variable payments against fixed rates and stabilizing high yields during volatile periods. In the initial two days post-launch, Boros witnessed deposits of 283 WETH (approximately $1.1 million) and 6.4 WBTC (around $750,000), underscoring its rapid adoption and potential.

With Boros’s debut, Pendle’s activity on Arbitrum has significantly increased. The number of active addresses rose to 1,428, surpassing the monthly average. A notable boost in buyer and seller numbers was observed across decentralized exchanges. (Data provided by TheTie)

Over the past three days, Pendle has surged by over 50%, significantly benefiting from the support of the Boros platform.

Future Plans and Hyperliquid Integration

Currently, Boros supports BTC and ETH funding rates. There are plans to expand its offerings to include other variable yield products such as staking rewards and tokenized Treasury bonds in the future.

The growth in Pendle’s TVL and token performance is attributed to its integration with the Hyperliquid ecosystem. Since last month’s integration, Kinetiq’s kHYPE, the largest liquid staking token on Hyperliquid’s HyperEVM, has amassed a TVL of $221 million.

The advent of the Boros platform, offering new strategic opportunities to investors, has noticeably impacted Pendle, evidenced by increased user activity and rising TVL. The swift expansion of the platform and plans for new product introductions are being closely watched by those invested in the ecosystem.