Lately, my crew’s been buzzing a lot about @boros_fi, a seriously solid new product on @pendle_fi. I figured I’d share my two cents and join the fun. Boros doesn’t tokenize yield from staking or interest like most others; it focuses on the funding rate. Let me explain with a rental business example. Imagine you want to profit from the price difference between daily and monthly rent. Usually, you have to put down deposits for both contracts, which means locking up a lot of capital. Boros lets you buy just the right to earn from that rent difference, the funding yield, without needing to put down deposits for both contracts. ➥ So your capital is free to be used elsewhere. Risk doesn’t disappear... + It moves to the Landlord (Liquidity Providers) who put up capital. + Also to the Agent (traders/market makers) who trade and manage price risk. In Boros, Yield Units (YUs) let you earn from funding yield without locking up big capital. ➥ Here’s what I find cool about YUs: > Fixed Yield Vaults: Buy YUs below their value to earn steady, predictable returns > Hedged Liquidity: LPs can short YUs and long perps to lock in profits over a set period > Funding Index Derivatives: Build synthetic exposure using baskets of YUs > Structured Products: Create RWA-style tranches with YUs of different maturities Honestly, this product is solid, but it really shines in derivatives markets. ➜ Funding rate isn’t just a “trading cost” anymore, it’s a standalone yield primitive, opening up fresh ways to trade and manage risk. ➥ A few quick tips from me: > Always keep an eye on funding rate swings, they can signal great mean reversion plays > Use YUs to hedge risks instead of just holding long perp positions > Watch out for new vaults and structured products, some could offer juicy yields with controlled risk Boros might just be the secret sauce making DeFi capital way more efficient. But is this the start of a bigger shift we haven’t seen yet?