🧵 What if you could trade just the funding rate—without touching perps?
That’s what @boros_xyz — a new product from @pendle_fi — is building.
A new market where traders lock in fixed rates or speculate on funding rate volatility.
Here’s how it works 👇
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Boros creates a funding rate swap market:
🔹 Fixed rate traders hedge against volatile costs
🔹 Variable rate traders earn from volatility
No need to open a perp position. Just trade the rate itself
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Example:
Trader A pays a fixed rate (0.02%)
Trader B pays the market rate
If:
➡ Market rate > fixed → B pays A
➡ Market rate < fixed → A pays B
Boros handles the swap.
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Why it matters:
✅ Predictable funding costs
✅ New yield opportunities
✅ Pure funding rate exposure
✅ Hedge without price risk
A new primitive for DeFi traders.
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