The LP token has an underlying price, determined by the NAV of the pool. This NAV is determined by the senior credit outstanding, reserve capital in the liquidity pool, and the number of LP tokens in existence. Let's say you invest 1M USDC, when the LP token price is 1.06, you will receive 943396 LP tokens (1M / 1.06). As time goes by and interest repayments come in, the LP token price will go up. Assume the price to be 1.10 when you want to redeem your LP tokens, you will be able to withdraw 1037735 USDC (943396 * 1.1).