Pendle Lockup Value Shrinks by 40 Decline in LRT Derivatives Maturity and Repledging Fever
Principal Token (PT): Represents the underlying asset, which can be redeemed at a one-to-one ratio upon maturity, such as 1 PT-stETH being redeemable for stETH valued at 1 ETH. Yield Token (YT): Entitles the holder to the earnings generated by the underlying asset, for instance, holding 10 YT-stETH allows the investor to receive all the earnings from 10 ETH deposited in Lido.
