The effect signal is routed through a delay, following the oscillator.

Delay parameters
Time knob and field: Set the delay time. You can choose from: Hertz values, when running freely, or note values, including triplet and dotted notes, when the Sync button is active.
Sync button: Synchronize the delay to the host application tempo. You can choose musical note values with the Time knob.
Level knob and field: Set the level of the delay added to the ring-modulated or frequency-shifted signal. A Level value of 0 passes the effect signal directly to the output (bypass).