Total value of pendal locked (TVL) Has increased to A record $ 8.27 billionWhile its native token pendal climbed 45% in the last week to $ 5.6 behind the new yield-trading platform of the protocol.
On average this week with bitcoin funding rates, about 10% annual and about $ 80 billion per annum and annual, according to the dune data, changes hands between long and shorts over $ 8 billion.
Boros package those yields in yield units in traditional on-chain assets (Yes)Let the traders go longer or lower at rates.
Boros can be used for several advance strategies, including hedge floating funding payments in fixed rates, or high yields during volatile periods.
In its first two days, Boros attracted deposits of over 283 (About $ 1.1 million) And 6.4 WBTC (About $ 750,000) In its vaults, data Show.
Activity on the mediation of pendles is spread with the launch of the activity on the purpose, with active addresses to 1,428, which are well above the monthly average, and both buyers and sellers have multiplied on decentralized exchanges according to the data.
While Boros currently supports BTC and ETH funding rates, plans are planned to expand other floating yields such as stacking rewards and token treasury bills.
Pendall’s performance and total value lock also came behind hyperlicid ecosystem. The firm was integrated with hyperlicids later last month. Since then, the largest liquid stating token on hyperlicid’s hyprevam is a cuisine, Attractive $ 221 million off in total value.
In the last one week, pendal tokens have greatly improved the comprehensive cryptocurrency market, as measured by Coindesk 20 (CD 20)) Index, which increased 13.15% in the period.
