Pendle, a decentralized finance (DeFi) protocol, has launched Boros, a novel funding rates trading platform on the Arbitrum network. Boros enables users to trade and hedge exposure to funding rates specifically for Bitcoin (BTC) and Ethereum (ETH) perpetual markets across major exchanges. The launch follows Pendle's total value locked (TVL) reaching an all-time high (ATH). Boros is designed to allow traders to speculate on and fix the amount of funding rate payments, introducing a new primitive in DeFi trading strategies. The platform has been made publicly accessible, and its market impact and price movements will depend on subsequent performance data. Additionally, Jigsaw DeFi has integrated with Pendle’s liquidity pool strategies, offering users dual incentives through OpenEden’s Bucks points program and Jigsaw’s jPOINTS rewards.