Pendles Locked Value Shrinks by 40 LRT Derivatives Maturity and Decline in RePledging Fervor
Principal Token (PT): Represents the underlying asset, and after maturity, PT can be redeemed for the underlying asset at a one-to-one ratio, for example, 1 PT-stETH can be redeemed for 1 ETH worth of stETH.
Yield token (YT): Can receive the income generated by the underlying asset, for example, holding 10 YT-stETH can allow investors to receive all the income from 10 ETH deposited in Lido.
