# Token Flow

<figure><img src="/files/HiBKL3TvKJCs41oK3L2O" alt=""><figcaption><p>Fig 30. Displaying the user flow for earning levered iBGT yield and Infrared Points with the oriBGT Booping Vault A.</p></figcaption></figure>

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


---

# 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.origami.finance/the-second-fold-v2/collection-and-vault-user-guides/what-are-collections/lovinfrared-collection/oribgt-smart-leverage-tulipa-cluster/token-flow.md?ask=<question>
```

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.
