Credit · Fixed Income
Boros is a venue for trading interest rates directly, letting a user lock a funding rate or yield rate for a period, which converts a floating exposure into a fixed one. DefiLlama assigns it the category "Interest Rate Derivatives" (DefiLlama API, 26 Jul 2026).
Pendle's venue for trading funding rates, fixed versus floating.
Boros is built and operated by Pendle Labs; it shares team, brand and operational dependencies with Pendle rather than standing as an independent protocol.
