How is xRAM used?
xRAM offers three distinct functionalities that form the basis of the decision matrix:
Instant Exit to RAM (xRAM -> RAM): This conversion allows for an immediate transfer of xRAM to RAM at a 60% discounted rate, matched with WETH.
Instant Exit to veRAM (xRAM -> veRAM): With this functionality, xRAM can be instantly converted to veRAM 1:0.7
Vesting of xRAM (xRAM -> RAM or veRAM): Vesting allows users to receive the full value of the RAM backing each xRAM, through various methods:
Minimum Vesting Length (Cancellation Period): The minimum vesting period for xRAM is set at 14 days (86400 * 14), during which it cannot be canceled or else it will be returned.
Maximum Vesting Length (100% Exit): The maximum vesting period for a full exit of xRAM is 120 days (86400 * 120).
Once the minimum vesting length has been surpassed, it becomes impossible to cancel the vesting and retrieve xRAM.
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