Pendle's Boros Trading Platform Hits Record High with Over $250M in Open Interest

BlockBeats News, January 6th, according to official data, the open interest of the Boros platform once exceeded 2.5 billion US dollars, reaching a record high. Since its launch in August, just over about 4 and a half months, its nominal trading volume has also surpassed the $7 billion mark.

Boros stated that the average open interest of the current funding rate market is about $150 billion, and its platform currently only accounts for 0.1% of it, leaving ample room for significant growth in the future.

In addition, Pendle's V2 currently allows on-chain protocols to incentivize their presence on Pendle through additional YT rewards, with the first batch involving mHYPER and mAPOLLO yield tokens. Pendle is also continuously introducing new features to optimize user trading strategies and experience.