⚡️ Speed alert, this might be the easiest market to make money on Boros right now—

I just found out that @boros_fi has launched BNB, initially supporting the Binance and Hyperliquid markets.

Friends who have been involved in $BNB lending, hedging, and earning funding rates should pay attention, as there’s now another great place for investment!

This update has several key details—

🔹 You can use BNB directly as collateral

🔹 No need to prepare ETH / Arbitrum for gas

🔹 You can open positions by transferring BNB directly from Binance

I tried it out, and I can feel that Boros is indeed aligning more with the usage habits of CEX users.

As long as you know how to use Binance's perpetual contracts, you can basically get started with Boros without needing to learn any additional processes.

This step will directly affect the types of users Boros can reach in the future, not just DeFi natives, but also those large capital pools that are already frequently rolling funding rates in CEX!

💥 The most noteworthy point is the launch of BNB as a special asset. To put it simply—

BNB should be the market on Boros that is closest to "rules giving away money."

Why do I say that?

According to @0xanonnnn's observations, different exchanges have different pricing mechanisms for BNB funding rates:

1️⃣ On Binance, the benchmark funding rate for BNB has long fluctuated around 0%;

2️⃣ On Hyperliquid, using a standard model, the average rate for BNB will long-term revert to around 10%.

To translate simply—

The funding cost expectations for BNB differ naturally and long-term across different exchanges.

In one place, BNB contracts almost charge no rent over the long term;

In another place, there is a significant funding cost to be paid over the long term.

Damn, what does this mean in the world of arbitrage? Those who understand, understand!

However, this type of operation is closer to cross-market, cross-pricing structure arbitrage, suitable for those who are familiar with margin and position management.

From a practical operation perspective, the easiest way for ordinary beginners to understand the BNB market on Boros actually revolves around "hedging"—

For example, if you have BNB spot, you can short BNB contracts on BN or HL to hedge against price risk while also earning funding rates.

In this structure, price is not the core variable; what truly affects the outcome is whether the funding rate remains positive.

Once the rate turns negative, the originally valid arbitrage logic will be eroded, or even lead to direct losses.

What Boros provides is a very specific tool:

When you see a clear Implied APR in the corresponding market, you can choose to short YU on Boros, locking in the funding rate level during that period near the current quote.

This way, the funding rate expenditure in your hedging structure will not fluctuate chaotically, but will depend more on the interest spread at the time of position opening.

In the recent BNB new offerings, if you know how to use Boros, you can effectively control your hedging costs.

Because of this, I believe this update is crucial for Boros itself and is likely to attract a large number of new CEX users.

I recall a report I came across a couple of days ago, which indicated that by 2026, Boros's scale will have achieved rapid growth—

🔹 The open interest scale is about $190 million;

🔹 In the entire $160–170B perpetual market, it accounts for about 0.1%.

From another perspective, Boros still has significant growth potential:

If Boros is only seen as a new toy by a few DeFi users, then the space is indeed limited;

But once it starts being used as a daily tool by CEX hedgers and funding rate arbitrageurs, the growth logic will be completely different.

With a perpetual market OI of ~$160–170B, if Boros achieves a 2% penetration rate, under the current fee structure, it could bring @pendle_fi more than 15% in incremental fees!

So the strategic significance of Boros is evident; for Pendle, it represents a completely independent growth curve.

👉 You can join Pendle's Chinese community to see more real trading shares and thought reviews from the big players: https://t.me/PendleFinance_CN

👉 If you trade contracts, it's best to learn how to earn this money. You can use my invitation code to register on Boros and enjoy a 10% swap fee discount: https://boros.pendle.finance/join/BITWU

PENDLE @tn_pendle

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。