Token Flow
Last updated
Last updated
Users deposit iBGT into the oriBGT Booping Vault A for shares
Users burn their shares of oriBGT Booping Vault A for oriBGT when exiting
oriBGT Booping Vault A deploys to Infrared by holding oriBGT reserves
oriBGT Booping Vault A borrows wBERA to swap into oriBGT for 2x variable effective exposure
oriBGT Booping Vault A shares are worth more oriBGT as yield is earned
oriBGT Booping Vault A captures variable 1x unlevered yield and 1 spread on yield after leverage
Rebalancing down triggers the oriBGT Booping Vault A to borrow more wBERA using flashloans
Rebalancing up flashloans to sell oriBGT into wBERA to pay down debt owed to the Euler position