Pendle Launches Boros, a New Platform Offering Funding Rate Trading for Bitcoin and Ethereum Perpetual Contracts

Pendle has launched Boros, a new platform on Arbitrum, allowing users to directly trade funding rates for Bitcoin and Ethereum perpetual contracts. The platform also introduced "Yield Units" (YUs), similar in structure to Pendle's existing yield tokens. Each YU represents the realized return on one unit of notional principal (e.g., 1 ETH or 1 BTC) until maturity, enabling users to speculate or hedge against funding rate fluctuations on derivatives exchanges like Binance.