> For the complete documentation index, see [llms.txt](https://docs.earnpark.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.earnpark.com/earnpark-protocol/how-the-product-works-from-the-users-perspective.md).

# How the Product Works from the User's Perspective

### Entering the System

The user selects a Series — for example, USDT Series — creates a one-time deposit address, and deposits the underlying asset through the AML-gated entry. After successfully passing the check, the user receives the series wrapper token, for example USDEP.

### Two Paths After Mint

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**Path 1. Hold the Wrapper**

The user simply holds or transfers the wrapper token. In this mode, the wrapper acts as a freely transferable clean asset within the ecosystem.
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**Path 2. Choose a Strategy**

The user transfers the wrapper into one of the series strategies and receives a separate strategy share token with its own economics and yield.
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### Exiting the System

The user can either redeem the wrapper and receive the underlying asset back, or redeem the strategy and receive the underlying asset after a cooldown. Exit to the underlying asset always passes through a payout path with AML at the system boundary and through a one-time payout wallet.

## Why the Wrapper and Strategy Are Separated

In many systems, the base token and the yield product are mixed together. As a result, holders do not always understand what backs the token, where the reserve sits, where the yield comes from, and who exactly bears the strategy risk. EarnPark makes this transparent.

**Wrapper token** is the base asset of the series. It circulates freely, but by itself does not promise yield to the user. **Strategy token** is a separate product. It reflects participation in a specific strategy and the corresponding yield.

This separation provides two advantages. First, the market gets a single coherent wrapper rail for an asset, rather than multiple competing versions of the same base token. Second, the strategy becomes a modular product: it can be launched, paused, limited, and scaled independently of the wrapper rail.