PENDLE’S TVL HITS RECORD $ 8.3B AFTER YIELD-TRADING PLATFORM DEBUT

With Bitcoin Funding Rates AwaGing About 10% Annualized this Week and Roughly $ 80 Billion in Open Interest, Accounting to Dune Data, More Than $ 8 Billion Changes Hands.

Boros Packages Those Yields Into Tradable On-Chain Assets Called Yielded Units (Yus), Letting Traders Go Long or Short On the Rates of Themselves.

Boros Can Be Used for Numeros Advance Strategies, Including Hedge Floating Funding Payments Into Fixed Rates, or Lock in High Yields Durying Volatile Periods.

In itts First Two Days, Boros Attracked Deposits of Over 283 Weth (AROUND $ 1.1 Million) and 6.4 WBTC (About $ 750,000) Into Its Vults, Data Shows.

Activity On PENDLE’S ARBITRUM DEPLYMENT HAS SPIKED ALONGSIDE The LAUNCH, WITH ACTIVE ADDRESSES REACHING 1,428, Well Above the MONTHLY AVERAGE Data from Theetie.

While Boros Currently Supports Btc and Eth Funding Rates, Plans Are To Expand to Other Floating Yields Such As Staking Rewards and Tokenized Treasury Bils.

Pendle’s Performance and Total Value Locked Also Came on the Back of the Hyperliquid EcoSystem. The FIRM INTEGRATED WITH HYPERLIQUID LATE LAST MONTH. Since Ten, Kinetiq’s Khype, The Largest Liquid Staking Token on Hyperliquid’s Hyperevm, Has Attracted $ 221 Million in Total Value Loked.

PENDLE TOKEN, OVER The PAST WEEK, HAS SIGNFICANTLY OUTPERFORMED The Wider Cryptocurrency Market, As Measure by the Coindesk 20 (CD20) Index, Which Rose 13.15% OBE.