Token Flow

Fig 30. Displaying the user flow for earning Ori Points at a long delta leveraged exposure to wETH with the wETH-DAI-long 2x vault.

  1. Users deposit wETH into the wETH-DAI-long 2x vault for shares

  2. Users burn their shares of wETH-DAI-long 2x for wETH when exiting

  3. wETH-DAI-long 2x farms ORI points on Origami

  4. wETH-DAI-long 2x vault borrows wrapped DAI to swap into wETH for 2x Effective Exposure

  5. wETH-DAI-long 2x vault supplies wETH to Spark Protocol

  6. wETH-DAI-long 2x vault farms Ori Points at 10x

  7. Rebalancing down triggers the wETH-DAI-long 2x vault to borrow more DAI using flashloans

  8. Rebalancing up sells wETH into DAI to pay down debt owed to the Spark position

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