8h ago
DeFi has gone from the Wild West of financial experiments to becoming the lifeblood of onchain yield in just a few years.
With Boros, our next step is to bridge the gap between TradFi financial instruments and DeFi protocols.
As of today, Boros is still in its infancy.
With October drawing to a close, we’ve now hit over 5.3B in total open interest, and 3.26B in total volume traded...
But it’s still early days.
New pairs, new maturities, new markets - with each step, we get closer to opening up an entirely new PVE space for crypto users and institutions in DeFi.
Job’s not done.
5d ago
Building DeFi’s Next Yield Powerhouse: 3-Month Retrospective
In under 3 months, Boros has achieved:
🔷$2.83 billion in Trading Volume
🔷$4.7 billion in Open Interest
🔷$1m in Annualized Fees
And we’re just getting started. Regardless of market conditions, unlocking the billions of untapped yield in funding rates remains our primary goal.
The next steps are simple:
🔷New pairs such as SOL, HYPE
🔷New exchanges
🔷Educating new and existing users on various funding rate trading strategies
Boros is Pendle’s key to making yield tradable onchain, as our Yield Unit mechanism can be used for any floating rate market.
This means:
🔷Tradfi rates like T-bills and mortgage rates can all be captured by Boros
🔷The yield Boros can tap into is far bigger than crypto’s current 3.3T market cap
🔷Our current growth is a fraction of what’s possible long-term, even in just crypto (200B of OI)
Bringing YUs into the mainstream won’t happen instantly, but nothing great in crypto was built overnight.
With each new maturity and new pair listing, Boros gets one step closer to becoming DeFi’s next zero-to-one success.
Let’s write DeFi’s next chapter together.
Job’s not done.
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