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

# How is xCLEO used?

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

* **Instant Exit to CLEO (xCLEO --> CLEO):** This conversion allows for an immediate transfer of xCLEO to CLEO at a rate of 0.50 CLEO per xCLEO, with a 50% haircut applied.
* **Instant Exit to veCLEO (xCLEO --> veCLEO):** With this functionality, xCLEO can be instantly converted to veCLEO at a rate of 0.7 veCLEO per xCLEO.
* **Vesting of xCLEO (xCLEO --> CLEO or veCLEO):** Vesting allows users to receive the full value of the CLEO backing each xCLEO, through various methods:

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

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