[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Edward [@Defi_Edward](/creator/twitter/Defi_Edward) on x 119.1K followers Created: 2025-07-07 13:55:43 UTC Perps move $150B a day, but funding rates still sit in the blind spot. Boros by @pendle_fi makes them a first-class asset: for speculation, hedging, and structured yield strategies. Let's unpack this new killer feature 👇 X. The Funding Rate Problem Most people underestimate how important funding rates are until they start impacting strategy. For market makers, delta-neutral vaults, and protocols with large notional exposure, unpredictable funding can mean real drag on returns. Boros turns this floating exposure into a tradable primitive. X. The Advatages of Boros Traders can now build fixed-rate positions, or take directional views on funding (long or short) just like they would on price. In practice, this opens the door to structured strategies that haven’t really existed in DeFi yet: hedged funding products, rate arbitrage, basis plays, and more. X. Built for Margin Unlike Pendle V2, where exposure required owning or locking the principal, Boros is designed for margin-based trading. That distinction matters. With margin, traders can size yield exposure relative to conviction, not capital availability. This unlocks multiple types of participation: - Traders can speculate with size - Protocols can hedge exposure efficiently - Funds can construct duration-agnostic strategies on top of funding dynamics. In that sense, Boros acts more like a yield-focused derivative venue than a passive yield aggregator but without replicating the structure of traditional perps or options. X. Boros and V2 Boros doesn’t replace Pendle V2. It sits next to it. V2 continues to serve LPs, YT/PT traders, and passive strategies. Boros extends the surface area for those who want to express views on rates with higher resolution. You can think of V2 as the yield supply layer, and Boros as the volatility expression layer. Over time, these will likely become two ends of the same market: fixed-yield liquidity on one side, yield risk expression on the other. If price is no longer the only thing worth trading, how does that reshape the structure of crypto markets?  XXXXXX engagements  **Related Topics** [hedging](/topic/hedging) [pendlefi](/topic/pendlefi) [rates](/topic/rates) [$150b](/topic/$150b) [perps](/topic/perps) [Post Link](https://x.com/Defi_Edward/status/1942220990240485551)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
Edward @Defi_Edward on x 119.1K followers
Created: 2025-07-07 13:55:43 UTC
Perps move $150B a day, but funding rates still sit in the blind spot.
Boros by @pendle_fi makes them a first-class asset: for speculation, hedging, and structured yield strategies.
Let's unpack this new killer feature 👇 X. The Funding Rate Problem Most people underestimate how important funding rates are until they start impacting strategy.
For market makers, delta-neutral vaults, and protocols with large notional exposure, unpredictable funding can mean real drag on returns.
Boros turns this floating exposure into a tradable primitive.
X. The Advatages of Boros Traders can now build fixed-rate positions, or take directional views on funding (long or short) just like they would on price.
In practice, this opens the door to structured strategies that haven’t really existed in DeFi yet: hedged funding products, rate arbitrage, basis plays, and more. X. Built for Margin Unlike Pendle V2, where exposure required owning or locking the principal, Boros is designed for margin-based trading.
That distinction matters. With margin, traders can size yield exposure relative to conviction, not capital availability.
This unlocks multiple types of participation:
- Traders can speculate with size
- Protocols can hedge exposure efficiently
- Funds can construct duration-agnostic strategies on top of funding dynamics.
In that sense, Boros acts more like a yield-focused derivative venue than a passive yield aggregator but without replicating the structure of traditional perps or options. X. Boros and V2 Boros doesn’t replace Pendle V2. It sits next to it.
V2 continues to serve LPs, YT/PT traders, and passive strategies.
Boros extends the surface area for those who want to express views on rates with higher resolution.
You can think of V2 as the yield supply layer, and Boros as the volatility expression layer.
Over time, these will likely become two ends of the same market: fixed-yield liquidity on one side, yield risk expression on the other.
If price is no longer the only thing worth trading, how does that reshape the structure of crypto markets?
XXXXXX engagements
