At 8 PM EST, 1.5M ETH (~$5.1B) worth of Pendle PTs will expire.
While this is standard practice, there could be a serious impact on the stability of the LRT pegs.
Rates for the newer Pendle pools are hovering around 10-20% relative to 40-50% rates from a few months ago when many of these PTs were purchased.
PT Redemption Data
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weETH (