> 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/lovinfrared-collection/oribgt-smart-leverage-tulipa-cluster/token-flow.md).
# Token Flow
Fig 30. Displaying the user flow for earning levered iBGT yield and Infrared Points with the oriBGT Booping Vault A.
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
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