> For the complete documentation index, see [llms.txt](https://docs.origami.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.origami.finance/the-second-fold-v2/deprecated-vaults/woeth-5x/token-flow.md).

# Token Flow

<figure><img src="/files/HdgyV4RhvABP2oEOdM7F" alt=""><figcaption><p>Fig 14. Displaying the user flow for earning yield and Ori Points with the wOETH 5x vault.</p></figcaption></figure>

1. Users deposit wOETH into the wOETH 5x vault for shares
2. Users burn their shares of wOETH 5x for wOETH when exiting
3. wOETH 5x deploys to Origin Protocol by holding wOETH reserves
4. wOETH 5x vault borrows wrapped ETH (WETH) to swap into wOETH for 5x Effective Exposure
5. wOETH 5x vault supplies wOETH to the[ Morpho LP (86% LLTV Pool)](https://risk.morpho.org/market?id=0xea023e57814fb9a814a5a9ee9f3e7ece5b771dd8cc703e50b911e9cde064a12d\&network=ethereum)
6. wOETH 5x vault farms
   1. Native yield
   2. Ori Points at 2x&#x20;
7. Rebalancing down triggers the wOETH 5x vault to borrow more WETH using flashloans
8. Rebalancing up sells wOETH into WETH to pay down debt owed to the Morpho pool


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