Pendle's Boros fund rate trading platform has increased its open position limit from $15 million to $28.55 million and treasury limits for BTC and ETH from $60,000 and $80,000 to $100,000 and $125,000. The ecosystem's Total Value Locked (TVL) has reached a new all-time high of $8 billion, with over $300 million on the HyperEVM network. Pendle has performed well on the Upbit exchange, becoming one of the top three gainers among crypto assets.
Pendle, a leading player in the DeFi space, has significantly expanded its Boros platform, a feature that allows users to trade funding rates of Bitcoin (BTC) and Ether (ETH) perpetual markets. The platform has increased its open position limit from $15 million to $28.55 million and raised its treasury limits for BTC and ETH from $60,000 and $80,000 to $100,000 and $125,000, respectively. This expansion comes as Pendle's Total Value Locked (TVL) reaches a new all-time high of $8 billion, with over $300 million on the HyperEVM network [1].
The Boros platform allows traders to speculate or hedge against changing funding conditions on major derivatives venues by using "Yield Units" (YUs). Each YU represents the realized funding yield on 1 unit of notional, such as 1 ETH or 1 BTC, until expiry. This development broadens yield-hunting strategies and introduces more sophisticated DeFi tools to the platform [2].
Pendle's ecosystem growth and innovation have positioned it as a standout performer in the DeFi space. The token has shown robust performance on the Upbit exchange, becoming one of the top three gainers among crypto assets. This momentum is not accidental but a result of meaningful onchain activity and deeper capital inflows [2].
Recent integrations with protocols such as Ethena and Aave have further accelerated Pendle’s growth. Notably, PT-USDe looping on Aave generated over $3.3 billion in collateral and increased supply by $3.7 billion in just 20 days. These partnerships enhance capital efficiency and open up new yield-generation opportunities for users, expanding the protocol’s utility and attracting fresh liquidity [1].
Pendle's ecosystem growth and innovation have positioned it as a standout performer in the DeFi space. With expanding liquidity, new integrations, and increasing institutional interest, the token appears to be building a strong foundation for sustained growth. Whether this momentum continues will depend on the protocol’s ability to maintain security and scale its infrastructure effectively as it integrates with additional platforms [2].
References:
[1] https://finance.yahoo.com/news/pendle-lets-crypto-traders-bet-053905411.html
[2] https://www.ainvest.com/news/pendle-surges-5-56-tvl-growth-major-defi-integrations-2508/
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