Pendle Boros protocol
Overview
A Pendle Finance product called Boros went live in August 2025, creating a market for perpetual futures funding rates. It packages funding rate exposure into instruments named Yield Units (YU). A long YU position pays a fixed rate and collects the floating funding rate; a short position pays floating and receives fixed. This allows market makers and basis traders to offset funding costs, while speculators can bet on funding rate direction. Boros initially offered markets tied to ETH and BTC perpetual funding rates from major exchanges.
Within The Counterparty graph, Pendle Boros connects to 4 tracked entities, most strongly to Pendle Finance, Pendle Finance, Ethereum.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 4 of 4 total).
| Relation | Connected entity | Confidence |
|---|---|---|
launches | Pendle Finance | 90% |
extends | Pendle Finance | 90% |
deployed_on | Ethereum | 85% |
deployed_on | Arbitrum | 85% |
Frequently asked questions
What is Pendle Boros?
Pendle Boros is a yield-tokenization tracked in The Counterparty knowledge graph. It is connected to 4 other tracked entities, most strongly to Pendle Finance, Pendle Finance, Ethereum.
What type of entity is Pendle Boros?
Pendle Boros is classified as a yield-tokenization (protocol) in The Counterparty knowledge graph.
What is Pendle Boros connected to?
In The Counterparty knowledge graph, Pendle Boros is linked to 4 other tracked entities, most strongly to Pendle Finance, Pendle Finance, Ethereum.
Sources
Facts in this record were checked against the following. Where a claim is not covered here, the record states only what the graph holds.