Token Flow

Fig 30. Displaying the user flow for earning SKY yield with the Sky+ vault.

1. Users deposit SKY into the SKY+ vault for shares

2. Users burn their shares of SKY+ for SKY when exiting

3. SKY+ deploys SKY to SKY by holding SKY reserves

4. SKY+ Vault wraps SKY as a yield bearing token for 1x Effective Exposure

5. SKY+ shares are worth more USDS as yield is earned

6. SKY+ automates harvesting of SKY staking rewards and 10x ORI points

7. Origami sets discreet orders for swapping SKY yield farmed to SKY growing the vault reserves

8. Orders are trustlessly matched on Cow Swap orderbooks