In the one-sequence workflow, you work with a single clip representing the timeline coming from Wiretap. In this case, files are first imported into Smoke from the Stone FS and assembled into a timeline created especially for Lustre. The timeline does not contain any splices or soft transitions. Lustre then accesses the timeline as a one-sequence clip by way of Wiretap. This workflow is particularly useful as a guide for a confidence check or scene detection.
In Lustre, you create local proxies, grade them, and then render the source clips back to the Stone FS using any of the standard Render mode controls in the Render Local menu. See Specifying the Destination for Local Render Files. The graded material is imported into Smoke to create an updated timeline to which finishing touches are applied prior to rendering the final clip.