Token Flow
Last updated
Last updated
Users deposit wOETH into the wOETH 5x vault for shares
Users burn their shares of wOETH 5x for wOETH when exiting
wOETH 5x deploys to Origin Protocol by holding wOETH reserves
wOETH 5x vault borrows wrapped ETH (WETH) to swap into wOETH for 5x Effective Exposure
wOETH 5x vault supplies wOETH to the Morpho LP (86% LLTV Pool)
wOETH 5x vault farms
Native yield
Ori Points at 2x
Rebalancing down triggers the wOETH 5x vault to borrow more WETH using flashloans
Rebalancing up sells wOETH into WETH to pay down debt owed to the Morpho pool