Pendle has listed hBTC, the yield-bearing token by Syntetika, as a tradable market. Pendle splits the token into a principal token (PT) and a yield token (YT) in the usual two-token structure until maturity, letting holders lock a fixed principal claim or trade the bitcoin-denominated yield separately.
Pendle
Pendle Earn enables you to obtain fixed yield or provide liquidity in a simple interface. Pendle Earn and Trade runs on the same set of contracts with a separate user interface to cater to different audiences.