Token Flow

Fig 27. Displaying the user flow for earning yield and Ori Points with the USD0++ 5x vault.

1. Users deposit USD0++ into the USD0++ 5x vault for shares

2. Users burn their shares of USD0++ 5x for PT-sUSDe when exiting

3. USD0++ 5x deploys to Usual Protocol by holding USD0++ reserves

4. USD0++ 5x vault borrows wrapped USDC to swap into USD0++ for 5x Effective Exposure

5. USD0++ 5x vault supplies USD0++ to the Morpho LP (86% LLTV Pool)

6. USD0++ 5x vault farms

   1. Base 3x Usual Pills at 5x

   2. Ori Points at 10x

7. Rebalancing down triggers the USD0++ 5x vault to borrow more USDC using flashloans

8. Rebalancing up sells USD0++ into USDCto pay down debt owed to the Morpho pool