Boros tokenizes funding rates as onchain yield instruments
In onchain finance, every yield stream is becoming a building block. Today Pendle introduced Boros, a new primitive that takes the floating funding-rate on perpetual futures — one of crypto’s most volatile, yet essential flows — and turns it into a tokenized instrument that can be traded, hedged, or, perhaps, even posted as collateral. Initially available for Binance ETH and BTC perps, Boros enables a market for fixed-vs-floating funding rate swaps, unlocking a new way to price and hedge directional leverage. Essentially, it’s the creation of a funding-rate derivatives layer that can plug in throughout DeFi. As the Boros team…
