Odaily Planet Daily News DeFi platform Pendle has launched a new product that provides a variable yield pool of up to 45% for Bitcoin (BTC)-backed tokens, while also providing a fixed annualized yield option of 10%. Users can deposit LBTC (Lombard) into the Pendle pool created by the Ethereum L2 network Corn. The pool has attracted more than $13 million in deposits since its launch and will expire on December 26. Pendle CEO TN Lee said they aim to replicate the success of ETH fixed income for BTC. Pendle achieves high returns by dividing DeFi protocol investments into principal tokens (PT) and yield tokens (YT). (Coindesk)