Token Flow

Fig 28. Displaying the user flow for earning yield and Ori Points with the PT-sUSDe-Mar 2025 7x vault.
  1. Users deposit PT-sUSDe into the PT-sUSDe-May 2025 7x vault for shares

  2. Users burn their shares of PT-sUSDe-May 2025 7x for PT-sUSDe when exiting

  3. PT-sUSDe-May 2025 7x deploys to Pendle Finance by holding PT-sUSDe reserves

  4. PT-sUSDe-May 2025 7x vault borrows DAI to swap into PT-sUSDe for 7x Effective Exposure

  5. PT-sUSDe-May 2025 7x vault supplies PT-sUSDe to the Morpho LP (91.5% LLTV Pool)

  6. PT-sUSDe-May 2025 7x vault farms

    1. Native yield

    2. Ori Points at 30x (Season 3 Campaign)

  7. Rebalancing down triggers the PT-sUSDe-May 2025 7x vault to borrow more DAI using flashloans

  8. Rebalancing up sells PT-sUSDe into DAI to pay down debt owed to the Aave pool

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