Token Flow

  1. Users deposit wOETH into the lov-wOETH vault for shares

  2. Users burn their shares of lov-wOETH for wOETH when exiting

  3. lov-wOETH deploys to Origin Protocol by holding wOETH reserves

  4. lov-wOETH vault borrows wrapped ETH (WETH) to swap into wOETH for 5x Effective Exposure

  5. lov-wOETH vault supplies wOETH to the Morpho LP (86% LLTV Pool)

  6. lov-woETH vault farms

    1. Native yield

    2. Ori Points at 2x

  7. Rebalancing down triggers the lov-wOETH 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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