**[Pendle Releases H2 Roadmap: Focus on RWA and Institutional Markets, Boros to Target On-Chain Interest Rate Derivatives]** BlockBeats News, July 23 — Pendle co-founder TN and growth lead Dan reviewed the development progress of the first half of 2026 during the latest community meeting and unveiled the roadmap for the second half of the year. The team stated that Pendle's ecosystem in the first half of the year focused on building fixed-income infrastructure. Pendle V2 continued to solidify its position as the leading on-chain fixed-income protocol, while Boros made initial progress in the on-chain interest rate derivatives market. Data shows that Pendle V2's average daily TVL in the first half of the year was approximately $1.3 billion. Among the platform's 11 major markets, 9 have adopted real-world assets (RWA) as collateral, reflecting the ongoing flow of institutional capital into the RWA sector. Additionally, Pendle has launched on the Monad network and, within less than a month, became one of the top five protocols by TVL on the network, with a locked value of approximately $150 million. In terms of protocol upgrades, Pendle has completed the migration from vePENDLE to sPENDLE, with approximately 36% of PENDLE tokens staked, 93% of which remain unstaked by users. The protocol has also utilized revenue to repurchase approximately 2 million PENDLE tokens and significantly reduced weekly liquidity incentives from around 90,000 tokens to 21,000 tokens, further enhancing capital efficiency. Pendle has introduced an in-app one-click Loop feature to simplify leveraged yield strategy operations. Another core product, Boros, has achieved cumulative trading volume exceeding $14 billion within less than a year since its launch. The number of users has grown by 50% compared to the beginning of the year, and new tools such as four-legged arbitrage strategies, bulk trade settlement functionality, and funding rate dashboards have been added to meet the needs of professional traders. Looking ahead to the second half of 2026, Pendle will focus on advancing curation infrastructure, allowing external teams to create PT/YT markets and enabling PT assets to be used as collateral in lending protocols. Pendle also plans to collaborate with partners like Morpho to launch Pendle-branded yield vaults, expanding distribution channels for fixed-income products. On the institutional side, the team is working with multiple RWA issuers in New York to bring tokenized ETFs, single bonds, and other on-chain yield products to Pendle, aiming to build an RWA yield discovery and distribution platform tailored for institutions. Boros will shift its strategic focus to funding rate arbitrage across trading platforms, prioritizing services for institutional arbitrageurs. It also plans to launch a peer-to-peer settlement market, funding rate visualization tools, and one-click strategy products for general users, further enhancing the on-chain interest rate derivatives ecosystem. [Original Link]