Token Flow

Fig 30. Displaying the user flow for earning DSR yield and Ori Points with the sDAI 11x vault.

1. Users deposit sDAI into the sDAI 11x vault for shares

2. Users burn their shares of sDAI 11x for sDAI when exiting

3. sDAI 11x farms ORI points on Origami

4. sDAI 11x vault borrows USDC to swap into sDAI for 11x Effective Exposure

5. sDAI 11x vault supplies sDAI to Spark Protocol

6. sDAI 11x vault farms Ori Points at 2x

7. Rebalancing down triggers the sDAI 11x vault to borrow more USDC using flashloans

8. Rebalancing up sells sDAI into USDC to pay down debt owed to the Spark position