> For the complete documentation index, see [llms.txt](https://docs.ra.exchange/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.ra.exchange/ra-tokenomics/xra-wip/how-is-xra-used.md).

# How is xRA used?

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

* **Instant Exit to** RA **(x**RA **-->** RA**):** This conversion allows for an immediate transfer of xRA to RA at a rate of X\* RA per xRA with a Y\*% haircut applied.
* **Instant Exit to ve**RA **(x**RA **--> ve**RA**):** With this functionality, xRA can be instantly converted to veRA at a rate of 1 veRA per xRA.
* **Vesting of xRA (x**RA **-->** RA **or ve**RA**):** Vesting allows users to receive the full value of the RA backing each xRA, through various methods:

  * Minimum Vesting Length (Cancellation Period): The minimum vesting period for xRA 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 xRA is 120 days (86400s \*120).

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

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

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


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