# L-Tokens In AMMs, when a user provides liquidity, LP-tokens are minted and sent to the user. In Lendle, any asset deposited will give you 'L-tokens'. These interest-bearing tokens represent their underlying asset, for example: * **Lusdt** for usdt that is deposited * **Lwbtc** for wbtc that is deposited The value of the L-token is pegged at a 1:1 ratio with the deposited asset and all accrued interest is distributed directly to the L-token holders. Over at [Mantle Contracts](https://docs.lendle.xyz/contracts-and-security/mantle-contracts) you'll find the L-token contracts. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.lendle.xyz/key-protocol-insights/l-tokens.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.