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Boros launches Perptual Futures fee prediction market to create an innovative Decentralized Finance trading platform.
Boros: An Innovative Platform for Perptual Futures Fee Rate Prediction Market
Boros is an innovative trading platform that transforms the changes in Perptual Futures fee rates into tradable assets. This platform is essentially a Perptual Futures fee rate prediction market where users can trade based on their expectations of future fee rate changes.
Boros reflects rate changes through two key indicators:
Trading on Boros is essentially predicting whether the underlying APR will be higher or lower than the implied APR. If the underlying APR is higher than the implied APR, long holders profit; conversely, short holders profit. As the expiration date approaches, the implied APR will gradually converge towards the underlying APR.
Users can conduct long and short trading on Boros, with a maximum leverage of 1.4 times. Settlements occur every 8 hours and are directly reflected in the account balance.
The trading mechanism design of Boros is ingenious, creating an independent pricing system. This allows market participants to speculate based on their expectations of future market changes. At the same time, through rate settlement and arbitrage mechanisms, it maintains a relative rationality of prices rather than forcibly anchoring to the current rate.
This design opens up greater innovation space for the future. For example, different term varieties can be created, or average rate products from multiple exchanges. As long as there are enough long and short counterparties, these innovations are possible.
Boros is currently an excellent tool for arbitrage and risk hedging. In the future, it may become an important indicator reflecting changes in market expectations and may lead to the derivation of more DeFi products.
Currently, Boros supports the Arbitrum chain, and users can choose between cross-margin or isolated-margin modes. The platform supports U-based BTC and ETH products from a certain trading platform, and plans to support other trading platforms in the future.
Boros provides a variety of use cases for different types of traders, including directional speculation, periodic trading, mean arbitrage, cross-commodity arbitrage, event trading, rate hedging, and more. At the same time, it also offers unique value to specific user groups, such as Ethena Labs, miners, stakers, and others.
Overall, Boros represents an important innovation in the DeFi space, providing users with a new platform for trading Perptual Futures fee changes, while also bringing new possibilities to the entire cryptocurrency market.