> ## Documentation Index
> Fetch the complete documentation index at: https://docs.sundialprotocol.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Yield Marketplace

> The Yield Marketplace is where BTC holders choose a Yield Provider and its terms. The provider chooses the rail behind the listing.

The Yield Marketplace is Sundial's user-facing product. A BTC holder picks who will pay them and on what terms. Everything underneath, including which rail holds the BTC, is decided by the provider and operated by Sundial.

> [!NOTE]
>
> The marketplace is on public testnet as part of the Sundial dashboard.

## Three parties

1. **Depositors** choose a provider's program. They see terms: expected yield, lock period, how yield is distributed.
2. **Yield Providers** list programs. A provider that needs an on-chain structure chooses a rail, [Dawn](https://docs.sundialprotocol.com/products/dawn.md) or [Solstice](https://docs.sundialprotocol.com/products/solstice.md). A provider that already has its own on-chain presence can list directly.
3. **Sundial** operates the rails, the Bitcoin scripts and the indexing that tracks every position.

This split means a new rail or a new provider is a new listing. Your experience as a depositor doesn't change when the plumbing does.

## What a depositor sees

* Connect a Bitcoin wallet through Reown AppKit.
* Pick a provider and a program.
* Deposit, then track the position and its yield in the portfolio view.

No command line is needed. The [Stake with Dawn](https://docs.sundialprotocol.com/guides/stake-with-dawn.md) guide walks through it.

## How listings are modelled

The catalogue is a data model, not a static list:

* A **provider** owns one or more **programs**.
* A **program** is what a depositor picks. It carries the expected yield, the minimum lock period and the distribution type.
* A **deposit** binds your position to a program and to its Bitcoin transactions.
* A **distribution** records yield paid back, with its own on-chain binding.

Each of these has an explicit status, so the marketplace shows the state of a position from what is observed on Bitcoin.

## Related products

* [Alchemy](https://docs.sundialprotocol.com/products/alchemy.md) is sold alongside the marketplace and will also be available through it.
* [For Yield Providers](https://docs.sundialprotocol.com/products/yield-providers.md) explains how a provider chooses a rail and what a listing needs.


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