Pendle Shatters Records with Thriving Boros Platform
Main Idea
The Pendle protocol has reached a record total value locked (TVL) of $8.27 billion, with its native token PENDLE surging 45% in value, driven by the launch of its innovative Boros platform.
Key Points
1. Pendle's TVL hit $8.27 billion, and PENDLE's value rose 45% in a week to $5.6, following the Boros platform launch.
2. Boros introduces On-Chain Yield Units (YUs), offering fixed-rate payments and stabilizing yields during volatility, with initial deposits of 283 WETH ($1.1M) and 6.4 WBTC ($750K).
3. Pendle's activity on Arbitrum increased, with active addresses rising to 1,428, surpassing decentralized exchanges.
4. Boros currently supports BTC and ETH funding rates, with plans to expand to tokenized Treasury bonds.
5. Integration with Hyperliquid's ecosystem, particularly Kinetiq’s kHYPE, has contributed $221 million TVL to Pendle's growth.
Description
Pendle's TVL reaches $8.27 billion, fueled by the Boros platform launch. PENDLE token sees a 45% increase in value over the past week. Continue Reading: Pendle Shatters Records with Thriving Boros Platform The post Pendle Shatters Records with Thriving Boros Platform appeared first on COINTURK NEWS .
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