Huge week for @pendle_fi, with @boros_fi now live, plus a huge list of news. 1/ Boros Is Officially Live Boros = Pendle’s platform for trading funding rates. - Launching on Arbitrum, starting with Binance BTC-USDT and ETH-USDT funding - Uses Yield Units (YU) that behave like YT for funding - Fixed vs floating funding, settled every 8 hours to match source exchange - No new token – 80% of Boros fees go to vePENDLE Academy and docs are up for deep dives. 2/ Boros 101: Long and Short Funding - Fixed APR = your entry implied APR, stays fixed until maturity - Long YU pay fixed, receive floating, you win if funding goes up - Short YU pay floating, receive fixed, you win if funding goes down - YU value decays toward 0 by maturity as yield is realized - Trade the curve (buy low implied APR, sell high) or farm the spread (average floating > your fixed) 3/ Boros Cap Increase - OI cap: $15M to $28.55M - BTC vault: $60k to $100k - ETH vault: $80k to $125k 4/ Boros Attracts the Attention of Crypto Media @Blockworks_ covered how Boros tokenizes perp funding into tradable YUs, paving an onchain fixed-income layer. Benefits for hedgers, treasuries, and potential future use of YU as collateral. The article is on their official website and is worth reading! 5/ Pendle Building the Yield Meta Why Pendle acts like DeFi’s bond market: - Split principal and yield (PT and YT) - Sticky liquidity, no IL if held to maturity, single-sided LP, vePENDLE incentives - Better revenue per TVL and higher take rate vs generic lending markets - “Pendle Wars” are real: issuers compete for vePENDLE votes to boost APY and demand 6/ HyperEVM Momentum HyperEVM TVL crossed $300M in < 2 weeks and climbed into DeFiLlama’s Top 10. More markets, deeper liquidity, plus Pencosystem features rolling out. 7/ Pendle TVL Milestone From $7B last week to $8B+ means another ATH. 8/ New Pools Launching (Pendle V2) - USDe - 25-NOV - GAIB AIDaUSDC - 16-OCT - Upshift upBTC - 16-OCT - syrupUSDC - 30-OCT HyperEVM pools: Kinetiq vkHYPE - 13-NOV Hyperlend HYPE - 18-DEC Looped LHYPE - 13-NOV Felix hlUSD - 30-OCT Hyperlend wHLP - 18-DEC 9/ The Pools Selected by @Infinit_Labs - sENA Pool [ETH] - 33.05% APY - AIDaUSDT [ETH] - 31.10% APY - AIDaUSDC [ETH] - 28.79% APY - ASDCRV [ETH] - 21.86% APY 10/ Hot on Pendle Now - PT-kHYPE 13-NOV [HYPE] - 14.66% - PT-sYUSD 04-SEP - 16.54% - PT-tETH 25-SEP - 5.19% - PT-syrupUSDC 28-AUG - 8.66% - PT-USDe 25-SEP - 14.84% The Pendle team doesn't have 150 members, even though the number of updates makes it look like it. Pendle.