# How is xNILE used?

xNILE offers three distinct functionalities that form the basis of the decision matrix:

* **Instant Exit to** NILE **(x**NILE **-->** NILE**):** This conversion allows for an immediate transfer of xNILE to NILE at a rate of X\* NILE per xNILE, with a Y\*% haircut applied.
* **Instant Exit to ve**NILE **(x**NILE **--> ve**NILE**):** With this functionality, xNILE can be instantly converted to veNILE at a rate of 0.7 veNILE per xNILE.
* **Vesting of x**NILE **(x**NILE **-->** NILE **or ve**NILE**):** Vesting allows users to receive the full value of the NILE backing each xNILE, through various methods:

  * Minimum Vesting Length (Cancellation Period): The minimum vesting period for xNILE is set at 14 days (86400s \* 14), during which it cannot be canceled or returned.
  * Maximum Vesting Length (100% Exit): The maximum vesting period for a full exit of xNILE is 120 days (86400s \*120).

  Once the minimum vesting length has been surpassed, it becomes impossible to cancel the vesting to retrieve your initial xNILE.

X\* = Variable changable by governance that represents the amount of xNILE -> NILE conversion from instant exits

Y\* = Variable that represents the haricut % determinable from X


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