Pendle lists hBTC yield market
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.
- hBTC is a wrapped bitcoin token that carries yield from its underlying positions.
- The listing marks the first hBTC market on Pendle; specific maturity and APY figures were not disclosed in the announcement.
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.
