Token Flow

Fig 32. Displaying the user flow for earning Ori Points at a short delta leveraged exposure to wETH with the wETH-sDAI-short 2x vault.

  1. Users deposit wETH into the wETH-sDAI-short 2x vault for shares

  2. Users burn their shares of wETH-sDAI-short 2x for sDAI when exiting

  3. wETH-sDAI-short 2x farms ORI points on Origami

  4. wETH-sDAI-short 2x vault borrows wETH to swap into sDAI for 2x Effective Exposure

  5. wETH-sDAI-short 2x vault supplies sDAI to Spark Protocol

  6. wETH-sDAI-short 2x vault farms Ori Points at 10x

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

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

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