Eyelet Lace 58 in the round

PATTERN IN THE ROUND
Cast on a multiple of 6 stitches.
Round 1: Knit.
Round 2: Knit.
Round 3: Knit.
Round 4: *K3, yo, sl1-k2tog-psso, yo, repeat from *.
Round 5: Knit.
Round 6: Knit.
Round 7: Knit.
Round 8: *Yo, sl1-k2tog-psso, yo, k3, repeat from *.
Repeat rounds 1-8.
Worked flat, see Eyelet Lace 58: Alternating Motifs stitch