The Hyperliquid market has now onboarded Pendle's new product, Boros, allowing users to arbitrage or hedge around the HL platform's funding rate.
BlockBeats News, September 12th, according to official sources, the Hyperliquid market has now landed on Pendle's new Boros platform, where users can trade or hedge the Hyperliquid BTCUSD and ETHUSD funding rates. As the little bee continues to monitor the risk parameters of the new market, the leverage ratio and limits will gradually increase.
The official statement indicates that the participation of large hedge funds on the Hyperliquid platform is relatively low, meaning that its funding rate volatility is usually higher than that of Binance. These new markets will allow traders to speculate on these amplified rate fluctuations and even engage in cross-exchange funding rate arbitrage. For example, the ETH funding rate on HL is usually higher than on Binance, but occasionally trades at a discount during low funding rate periods. Now, through Boros, traders can trade this volatility and hedge the funding rate risk of long-term positions through these YU markets.
You may also like

The doubling of Circle's stock price and the paradigm shift of stablecoins

Key Market Information Discrepancy on March 13th - A Must-See! | Alpha Morning Report

On-Chain Options Explosion.ActionEvent

《Time》 Magazine Names Anthropic as the World's Most Disruptive Company

Predictions market gains mainstream traction in the US, Canada, Claude launches Chart Interaction feature, What's the English community talking about today?

500 Million Dollars, 12 Seconds to Zero: How an Aave Transaction Fed Ethereum's "Dark Forest" Food Chain

AI Agent needs Crypto, not Crypto needs AI

Stablecoins are breaking away from cryptocurrency, becoming the next generation of infrastructure for global payments

Web3 teams should stop wasting marketing budgets on the X platform

Strive buys Strategy stocks, and Bitcoin treasury companies start nesting each other

Strive to buy Strategy stock, Bitcoin Treasury company starts nesting dolls with each other

Key Market Intel on March 12th, how much did you miss out on?

The new center of Crypto

Former Coinbase CPO's lengthy article: I have regrets, but I still firmly believe in Crypto

Hormuz Strait Triggers Oil War, Will the Fed Blink with a Rate Cut in June?

After Law Enforcement in the US and the UK Seized Cryptocurrency, ‘Asset Return’ Never Really Happened

Why Does Everyone Hate AI?
