Lone Tree

Keep the passion alive, keep learning.

[Lone Tree @lometree]

@boros_fi 的功能越来越多了，每隔几天都会更新一些贴心实用的小功能，特别是今天看到这个月相还挺有意思的。之前做多@okx 上ETH的资金费率亏麻了，果断割肉转为做空了。

[Lone Tree @lometree]

@apfelkiste_ch

[Lone Tree @lometree]

@MegaBadgers LFG

[Lone Tree @lometree]

https://t.co/H4MXzuTqQK

[QQㄋㄟㄋㄟ甜到咩噗的Yankee @0xanonnnn]

Breaking！BNB 现已上线 Boros，首发支持 Binance 和 Hyperliquid 两个市场。Yankee第一时间为你们带来操作指南，请放心食用😋

【如何充值】
不需要繁琐的Gas充值环节，只需充值BNB作为抵押品即可开始交易。BNB充值方式如下：
找到首页左上角“存款”-> “外部转账”，获取专用地址或二维码，直接从 CEX 或其他外部钱包充值您的BNB。

【如何操作】
1⃣️直接交易
如果你认为费率会上涨：做多 YU。
如果你认为费率会下跌：做空 YU。
那么如何判断费率会上涨还是下跌呢，可以借助Boros的「策略发现小工具」查看历史的费率统计特征，为你的开单方向提供参考～

2⃣️锁定套保成本/套利利差策略
如果你有套保需求或者套利需求，你可能会持有BNB现货，同时在BN或者HL做空BNB套保/套利。
此时，你可以在Boros对应市场做空YU，这样就可以锁定套利利差或者锁定套保成本啦，举个例子：
你在HL套保BNB，当前Boros上面HL-BNBUSDC的隐含资费年化为6.39%，如果做空YU，你不但不需要担心HL上面BNB的资金费率随时转负亏钱，反而可以赚到一笔固定的6.39%的年化收益，何乐而不为？

相反的，如果你的套利策略为：借贷卖空BNB，同时在BN或者HL做多BNB，只需要在Boros对应市场做多YU，就可以实现套保成本/套利利差的锁定啦，是不是很简单～

3⃣️进阶跨市场组合套利
Boros上面，BN-BNBUSDT与HL-BNBUSDC两个市场的到期日相同，而当前implied APR存在利差，只需要四步就可以套取两个市场的利差：
- 在Boros做空HL-BNB YU，接收固定的利率iy_hl，支付浮动的利率fr_hl；
- 在HL做空YU等值的BNB，接收浮动的利率fr_hl；
- 在Boros做多BN-BNB YU，接收浮动的利率fr_bn，支付固定的利率iy_bn；
- 在BN做多YU等值的BNB，支付浮动的利率fr_bn；
这样你就可以无风险锁定利差了，利差为：
iy_hl - fr_hl + fr_hl + fr_bn - iy_bn - fr_bn = iy_hl - iy_bn = 6.39%-2.86% = 3.53%
当然，为了进一步放大你的收益率，可以自行选择可接受的杠杆倍数，例如在HL和BN分别开设20x杠杆，那么该收益率粗略估计可以被放大至3.53%*20/2=35.3%，但务必留意健康度因子，注意风险哦～

4⃣️做市/LP策略
如果你看多YU，但又不想直接交易，另一个可行的策略是到Vault对应金库参与做市，例如当前BNBUSDC的LP年化约为84%。
需要注意的是：存入Vault参与做市存在无常损失的风险，因为金库采用 Uni V2 风格的 AMM 进行自动化做市，将收益单位（YU）与其抵押资产配对。通过提供流动性，金库可获得交易手续费和 PENDLE 激励，同时在隐含年化利率（Implied APR）上建立方向性仓位。

【额外Alpha】
为什么BNB市场是一个难得的捕捉市场固有利差的机会？由于交易所机制不同，BNB 的资金费率存在长期差异：
Binance：基准资金费率为 0%；
Hyperliquid：基准费率为标准的 10.95% APR。

也就是说，长期来看，BN的BNB实际资金费率会围绕0%震荡，长期来看BN的BNB费率均值会非常接近于基准值0%；而HL的BNB费率均值会回归于基准值10.95% APR，这是一个天然的固有利差！如果你明白这意味着什么，就通过上面的步骤开始赚钱吧！

本篇涉及的内容较多，如果你感觉一时间没办法理解所有的内容，可以加入我们的Pendle/Boros中文社区讨论哦，里面会有很多专业、热心肠的小伙伴帮忙解答疑惑～
https://t.co/P9sldytENQ

如果你看到这篇推文感觉很有意思，想要来Boros开启交易，可以使用我的邀请链接加入哦，减免10%的交易手续费，祝大家玩的开心🎉🎉🎉
https://t.co/ADabQUwCrT

Pendle @pendle_fi
Boros @boros_fi
Yoko @pendle_grandma

[Lone Tree @lometree]

@anonymouseth01 @canton_loop May I ask you some questions?

[Lone Tree @lometree]

@drjingle 服从性测试😂

[Lone Tree @lometree]

I bank on myself.

I bank on Bitcoin.

So I claimed my @MezoNetwork Bankcard.

head to #bankcard channel 👉 https://t.co/ndAy7G46OU

[Lone Tree @lometree]

Just printed my exclusive Based Headliner!

now i get to be early to the era of Perpetual Opinion Markets.

head to discord to grab yours ASAP, this is your chance to be early → https://t.co/q5PPOzSWcr

[Lone Tree @lometree]

Recognized as a LVL 4: ORBT Main Character with a DeFi strategy score of 100, earning 350 ORBs.

@ORBT_Protocol just got started and this is only the first reveal.

Check your score → https://t.co/eQdEujpYdM

[Lone Tree @lometree]

@contonpay Lucky

[CanPay @CanPayAI]

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[Lone Tree @lometree]

@contonpay too fast

[Yuval Rooz @YuvalRooz]

To wrap the year, this will be my last post (not my last like or repost 😀).

I want to start by thanking everyone who has been instrumental in making @CantonNetwork a success. There are simply too many to name.

Thank you for all the hard working colleagues at @digitalasset who believe in the vision for so long and worked so hard to get us here!

To all the SuperValidators who believed in Canton from day one, as well as those who joined more recently and are making a real difference every day.

To the Foundation members who show up week after week to help govern the network openly, while also pushing progress in real time.

To the community that has grown tremendously this year (special shoutout to the Turkey community, who message me every other day insisting I come to Istanbul).

To the builders who spend their days learning what it means to build private dApps, pushing the boundaries, and giving us feedback on how to improve... thank you.

To the partners who joined Canton this year: without your effort we wouldn’t be where we are today. And thank you to the partners about to join.

A big thank you as well to the companies that have made their assets available on Canton. Your assets will drive network utility and there is so much more for us to do together.

And I also want to thank the naysayers. Genuinely. You’ve helped raise awareness, and more importantly, helped the Foundation understand where communication can improve. I especially appreciate those who engaged constructively rather than hating for the sake of hating. It’s through these conversations that we learn, get better, and move closer toward what we all want to see: financial services on-chain.

I’ll close with what I think we’ll see in 2026 (spoiler: no price predictions):

1. Privacy will continue to emerge as a must-have feature for institutional adoption.

2. Canton will hit burn–mint equilibrium.

3. More critical assets will become natively available on Canton.

4. Canton will play a critical role in on-chain derivatives trading.

5. We will see additional listings take place.

6. Trolls will continue to claim Canton is a centralized, permissioned chain. Thank you in advance 🙏

7. Most importantly, Utility On-Chain will become the core measure of a chain’s success. Utility with real longevity, regardless of market conditions (think collateral management vs. memecoin trading).

To everyone here: I wish you happiness, health, and success in 2026. I’m looking forward to the exciting meetings ahead, the announcements to come, and staying in touch with as many of you as possible.

Yuval

[Lone Tree @lometree]

@CantonTon Good luck

[CanPay @CanPayAI]

Like, comment, retweet.

If you're lucky today...

[Lone Tree @lometree]

@ch999degen 不是gas是eth的余额

[Lone Tree @lometree]

感谢兄弟提醒，找回来几百U😂

[CH999.eth🧬 @ch999degen]

ZKsync Lite 在2026年会被关闭，链上还有不少资金在里头。

昨天看见的时候赶紧去检查了，之前交互留下了一些ETH，因为在Debank没显示，完全忘记在Lite里有余额。

可以从官方桥跨回以太坊主网
https://t.co/gLpJ6wm7Cu

[Lone Tree @lometree]

@HandlPay is a seamless crypto payment solution that makes digital assets as easy to use as traditional money. It offers instant settlement, low-cost cross-border transactions, multi-chain asset support, and a smooth checkout experience for both merchants and users.

[Boros @boros_fi]

3 Boros Trade Ideas for a Bullish December
November has been a choppy month for crypto, but the stars might be aligning for a strong relief rally.

Mercury retrograde ends tomorrow, November 29th. We have a full moon on 4th December.

(Full moons = Up? don't know.)

Astrology aside, after setting lows at 80k for Q4, BTC has recovered to over 91k! Even if we've topped for the 4-year cycle, crypto relief rallies are strong and relentless.

Shorts get blown out, longs FOMO in, and traders try to capture the volatility.

Today, @Polymarket is pricing in a 87% chance the Fed cuts rates on December 10th, which could be a catalyst for risk to run over the next few weeks.

And you don't have to wait till then to see what happens to the market...

Because you can use Boros to go long before the rally happens!

Trade Idea #1: Long YUs For Upside
If we get a relief rally, Implied APRs on Boros YUs are likely to increase. Traders will long YUs to hedge against funding rate costs on their longs.

Right now, YUs for BTC-USD (HL) have 8.92% Implied APR, while Underlying APR is 10.95%.

If funding rates for BTC-USD (HL) start rising going into December, long YUs will print from the hourly settlement profits...

And YU longers will likely be able to exit their positions at a higher Implied APR, making a profit on both YU price AND settlements!

Remember, there are 2 ways to make money from YUs:

1. Profit from the Implied APR entry/exit (short high, cover low/long low, sell high)
2. Being paid out from the Underlying APR/Implied APR difference

Trade Idea #2: Long your longs + Boros YUs for fixed funding
If crypto (BTC/ETH/HYPE/SOL) is going to have a good December, you want to be filling longs before the green candles emerge...

AND long Boros YUs so you don't lose any PNL to funding rate spikes!

BTC is a simple long to take now, with a clear invalidation if it loses the 87k level. Long it + BTC YUs for fixed funding and profit?

Remember: when you long a perp market in crypto, you pay the floating funding rate.

When you long YUs, you pay the Implied APR, while receiving the Underlying APR (floating funding rate).

If you long notional perp size and YUs at a 1:1 ratio, you pay in fixed funding!

Trade Idea #3: Short ETH YUs to profit from a hated rally?
Even with the market showing some signs of strength, ETH rates are still lower than HYPE/BTC rates on HL.

In fact, YU-ETH-USD (HL) has Implied APR higher than Underlying APR...

Which means ETH-USD YUs are currently paying out hourly profits to YU shorters!

Remember: token price action =/= YU price action.

With YUs, you're trading the movements of Implied APR and Underlying APR.

ETH could have a god candle to $10k overnight...

But if rates are negative because the candle's fuelled by shorts piling into a squeeze?

YU shorters STILL win.

When you trade YUs, there is both a price and time element to the trade.

Implied APR is your price. Underlying APR is your yield over time.

Nail these, and your Boros PNL will thank you.

TL;DR:
🔹If we get a bullish December, there’s no better way to trade it than with Boros YUs. Easiest move to make? Naked long YUs.
🔹Building up longs on BTC? Long BTC YUs to lock in fixed funding, saving you high funding costs.
🔹Think it’s a hated rally where shorts pile in, fuelling a squeeze? Short ETH YUs for both yield on Underlying APR + possible Implied APR profit.

If Santa’s coming with a rally, position for it on Boros today!