The total blocking value blocked (TVL) It has increased to a record of $ 8.27 billion, while its native token pendle rose 45% during the past week to $ 5.6 in the back of the new protocol performance trade platform.
With Bitcoin financing rates that average approximately 10% annualized this week and approximately $ 80 billion in open interest, according to Dune data, more than $ 8 billion change their hands annually between long and short.
Boros packages those yields in chain negotiable assets called performance units (Yus)letting the merchants be long or short in the rates themselves.
Boros can be used for numerous early strategies, including floating coverage financing payments in fixed rates, or blocking high yields during volatile periods.
In its first two days, Boros attracted deposits of more than 283 weth (around $ 1.1 million) and 6.4 WBTC (around $ 750,000) In their vaults, the data show.
The activity in the implementation of the Pendle referee has shot together with the launch, with active addresses that reach 1,428, well above the monthly average, and both buyers and sellers multiply in decentralized exchanges according to Thetie’s data.
While Boros currently admits the financing rates of BTC and ETH, the plans must expand to other floating yields, such as rethinking rethinks and invoices of the tokenized treasure.
Pendle’s yield and the total blocked value also reached the back of the hyperlylic ecosystem. The firm was integrated with hyperlichids at the end of last month. Since then, the Kinetiq Khype, the largest liquid token in Hyperliquid’s Hyperevm, has attracted $ 221 million in total blocked value.
Pendle Token, during the past week, has significantly exceeded the broader cryptocurrency market, as measured by the Coendesk 20 (CD20) index, which increased 13.15% during the period.
