According to Foresight News, the Pendle team has launched a financing rate trading platform called Boros on Arbitrum. Users can speculate and hedge financing rates through this platform. It currently supports trading financing rates for Binance BTCUSDT and ETHUSDT, and plans to expand to more assets (such as SOLUSDT, BNBUSDT), more platforms (such as Hyperliquid, Bybit), more terms, and more yield products in the future. Boros trades using yield units (YU), where each YU represents the yield of 1 unit of collateral assets until maturity, similar to Pendle's YT.
The Boros launch will have limited issuance: the initial open interest (OI) cap for each market will be $10 million, and leverage will be limited to 1.2x.
