# The Basics

- [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)


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