Token Flow

Fig 27. Displaying the user flow for earning yield and Ori Points with the USD0++ 10x vault.

  1. Users deposit USD0++ into the USD0++ 10x vault for shares

  2. Users burn their shares of USD0++ 10x for USD0++ when exiting

  3. USD0++ 10x deploys to Usual Protocol by holding USD0++ reserves

  4. USD0++ 10x vault borrows wrapped USDC to swap into USD0++ for 10x Effective Exposure

  5. USD0++ 10x vault supplies USD0++ to the Morpho LP (86% LLTV Pool)

  6. USD0++ 10x vault farms

    1. Usual yield at 8x

    2. Ori Points at 10x

  7. Rebalancing down triggers the USD0++ 10x vault to borrow more USDC using flashloans

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

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