# Token Flow

<figure><img src="https://1838495634-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FuQqfnSZUSHvj0FdEt8I8%2Fuploads%2FjHzutku7TxUDJP47AmHt%2FPT-USD0%2B%2B%20Mar25%205x%20User%20Flow.png?alt=media&#x26;token=07e3eb2d-84df-4415-8a78-2a6131950a14" alt=""><figcaption><p>Fig 28. Displaying the user flow for earning yield and Ori Points with the PT-USD0++-Mar 2025 5x vault.</p></figcaption></figure>

1. Users deposit PT-USD0++ into the PT-USD0++-Mar 2025 5x vault for shares
2. Users burn their shares of PT-USD0++-Mar 2025 5x for PT-USD0++ when exiting
3. PT-USD0++-Mar 2025 5x deploys to Pendle Finance by holding PT-USD0++ reserves
4. PT-USD0++-Mar 2025 5x vault borrows wrapped USDC to swap into PT-USD0++ for 5x Effective Exposure
5. PT-USD0++-Mar 2025 5x vault supplies PT-USD0++ to the [Morpho LP (91.5% LLTV Pool)](https://app.morpho.org/market?id=0x8411eeb07c8e32de0b3784b6b967346a45593bfd8baeb291cc209dc195c7b3ad\&network=mainnet\&morphoPrice=0.0)
6. PT-USD0++-Mar 2025 5x vault farms
   1. Native yield
   2. Ori Points at 30x (Season 2 Campaign)&#x20;
7. Rebalancing down triggers the PT-USD0++-Mar 2025 5x vault to borrow more USDC using flashloans
8. Rebalancing up sells PT-USD0++ into USDC to pay down debt owed to the Morpho pool