# Boros

## Boros Academy

- [Welcome](https://pendle.gitbook.io/boros/welcome.md)
- [Chapter 0 - Understanding Funding Rates](https://pendle.gitbook.io/boros/the-basics/chapter-0-understanding-funding-rates.md): Skip this chapter if you are already familiar with funding rates.
- [Chapter 1 - Yield Units (YU)](https://pendle.gitbook.io/boros/the-basics/chapter-1-yield-units-yu.md)
- [Chapter 2 - Implied APR and Underlying APR](https://pendle.gitbook.io/boros/the-basics/chapter-2-implied-apr-and-underlying-apr.md)
- [Chapter 3 - Opening and Closing a Position](https://pendle.gitbook.io/boros/the-basics/chapter-3-opening-and-closing-a-position.md)
- [Chapter 4 - Settlement](https://pendle.gitbook.io/boros/the-basics/chapter-4-settlement.md)
- [Chapter 5 - Long Rates](https://pendle.gitbook.io/boros/the-basics/chapter-5-long-rates.md)
- [Chapter 6 - Short Rates](https://pendle.gitbook.io/boros/the-basics/chapter-6-short-rates.md)
- [Chapter 7 - Margin and Liquidations](https://pendle.gitbook.io/boros/the-basics/chapter-7-margin-and-liquidations.md)
- [TLDR: How to Win](https://pendle.gitbook.io/boros/the-basics/tldr-how-to-win.md)
- [Hedging Funding Rates Payment](https://pendle.gitbook.io/boros/advanced-strategies/hedging-funding-rates-payment.md)
- [Fixed Funding Rates Receivables](https://pendle.gitbook.io/boros/advanced-strategies/fixed-funding-rates-receivables.md): GM basis traders!
- [Implied APR vs Futures Premium](https://pendle.gitbook.io/boros/advanced-strategies/implied-apr-vs-futures-premium.md): The implied APR crystal ball

## Boros Docs

- [Boros Overview](https://pendle.gitbook.io/boros/boros-docs/about-boros/boros-overview.md)
- [Glossary](https://pendle.gitbook.io/boros/boros-docs/about-boros/glossary.md)
- [Interest Rate Accounting and Settlement](https://pendle.gitbook.io/boros/boros-docs/interest-rate-accounting/interest-rate-accounting-and-settlement.md)
- [Interest Rate Trading (YU Trading)](https://pendle.gitbook.io/boros/boros-docs/interest-rate-trading/interest-rate-trading-yu-trading.md)
- [Order Book](https://pendle.gitbook.io/boros/boros-docs/interest-rate-trading/order-book.md)
- [Vaults](https://pendle.gitbook.io/boros/boros-docs/interest-rate-trading/vaults.md)
- [Fees](https://pendle.gitbook.io/boros/boros-docs/interest-rate-trading/fees.md)
- [Margin and Liquidations](https://pendle.gitbook.io/boros/boros-docs/risk-parameters/margin-and-liquidations.md)
- [Detailed Calculations on Margin and Liquidations](https://pendle.gitbook.io/boros/boros-docs/risk-parameters/margin-and-liquidations/detailed-calculations-on-margin-and-liquidations.md)
- [Protective mechanisms](https://pendle.gitbook.io/boros/boros-docs/risk-parameters/margin-and-liquidations/protective-mechanisms.md)
- [Boros Referral Program](https://pendle.gitbook.io/boros/boros-docs/others/boros-referral-program.md)


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