HOW TO MAKE 10K with PENDLE EASILY
Most people are sleeping on @pendleâs @boros_fi.
Youâll fade it thinking itâs âtoo complexâ
then watch it become the next thing everyone as $pendle rise
This thread will save you from fading it again:
đč What Boros actually does
đč Why itâs a much bigger deal than most realize
Pendle makes yield tradable and the biggest yield source
in crypto is funding rate, see @ethena $ENA
Boros allow you to trade, hedge, farm funding rate.
Boros 101
Think of Boros like a new market where:
đŁ YU = the unit you trade
đ° Funding rate = the price of that unit
Every time funding moves, the âpriceâ of that yield unit changes.
Thatâs literally your PnL.
So when funding spikes, YU prices rise.
When funding flips negative, YU prices drop.
Thatâs why Boros trades look like âlong or short yield.â
Youâre literally trading the direction of funding rates.
Itâs clean:
Buy YUs if you think funding will go up (long yield)
Sell YUs if you think funding will cool off (short yield)
The rate is your chart. (rate is the price chart)
The yield curve is your market.
What youâre really trading
Fixed vs floating funding.
Long YU if you think realized funding will print higher than the fixed.
Short YU if you think it prints lower or goes negative.
How PnL works
Each settlement, PnL â (realized funding â fixed rate) Ă notional Ă time.
If funding equals your fixed, youâre flat on that window.
assume the underllying apr and implied apr wont change and btc stays at 100k
(10.95%-10) *100,000(btc price) *17/365 (17days left till maturity) = 44
Why this matters
You can hedge funding on your perp stack.
Or speculate on funding spikes with margin and far less capital than running the perp leg.
Quick math you can save
Expected PnL per period â (forecast funding â fixed) Ă notional.
Stack periods across settlements.
Case study for rate on 10/10/2025
Please note this is an extreme case
The underlying apr is so low
but the imp apr hasnt reflected (or YU traders think its only short term so they are not bidding)
You can do this
1) short YU if i think it will continue stay at that level speculating people are paying -432% apr to hold there longs there so they will sell soon
2) wait and see does the the imp yield drop,and speculate this dump wont be long and try to get a good entry and wait for the funding rate to go back up to "normal"
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