# Token Flow

<figure><img src="https://1838495634-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FuQqfnSZUSHvj0FdEt8I8%2Fuploads%2FPNhylUCT6SvfGgfuGbiG%2FPT-eBTC%20UX.png?alt=media&#x26;token=6553c08f-769c-4710-910b-9602bd228201" alt=""><figcaption><p>Fig 27. Displaying the user flow for earning PT-eBTC-Dec24 yield and Ori Points with the PT-eBTC-Dec24 8x vault.</p></figcaption></figure>

1. Users deposit PT-eBTC-Dec24 into the PT-eBTC-Dec24 8x vault for shares
2. Users burn their shares of lov-PT-eBTC-Dec24 8 for PT-eBTC-Dec24 when exiting
3. PT-eBTC-Dec24 8x deploys to Pendle Protocol by holding PT-eBTC-Dec24 reserves
4. PT-eBTC-Dec24 8x vault borrows PT-eBTC-Dec24 to swap into PT-eBTC-Dec24 for 8x Effective Exposure
5. PT-eBTC-Dec24 8x vault supplies PT-eBTC-Dec24 to the [ZeroLend LP (90% LLTV Pool)](https://app.zerolend.xyz/reserve-overview/?underlyingAsset=0xb997b3418935a1df0f914ee901ec83927c1509a0\&marketName=proto_mainnet_btc_v3)
6. PT-eBTC-Dec24 8x vault farms
   1. Pendle PT yield at 8x
   2. Ori Points at 2x&#x20;
7. Rebalancing down triggers the PT-eBTC-Dec24 8x vault to borrow more PT-eBTC-Dec24 using flashloans
8. Rebalancing up sells PT-eBTC-Dec24 into PT-eBTC-Dec24 to pay down debt owed to the ZeroLend pool