> For the complete documentation index, see [llms.txt](https://docs.origami.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.origami.finance/the-second-fold-v2/collection-and-vault-user-guides/what-are-collections/loveth-collection/wsteth-11x/token-flow.md).
# Token Flow
Fig 18. Displaying the user flow for earning yield in the wstETH 14x vault.
1. User deposits wstETH into the wstETH 14x vault for shares
2. User burns their wstETH 14x shares for wstETH when exiting
3. wstETH 14x deploys to Lido Protocol by holding wstETH reserves
4. wstETH 14x vault borrows WETH to swap into wstETH for 14x Effective Exposure
5. wstETH 14x shares are worth more wstETH as yield accrues
6. wstETH 14x captures 1x unlevered yield and 13x spread on yield after leverage
7. RebalanceDown triggers the wstETH 14x vault to borrow more WETH from the Aave LP
8. RebalanceUp to sell wstETH into WETH to pay down debt owed to the Aave LP
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