Token Flow

  1. Users deposit wOETH into the wOETH 5x vault for shares

  2. Users burn their shares of wOETH 5x for wOETH when exiting

  3. wOETH 5x deploys to Origin Protocol by holding wOETH reserves

  4. wOETH 5x vault borrows wrapped ETH (WETH) to swap into wOETH for 5x Effective Exposure

  5. wOETH 5x vault supplies wOETH to the Morpho LP (86% LLTV Pool)

  6. wOETH 5x vault farms

    1. Native yield

    2. Ori Points at 2x

  7. Rebalancing down triggers the wOETH 5x vault to borrow more WETH using flashloans

  8. Rebalancing up sells wOETH into WETH to pay down debt owed to the Morpho pool

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