$ECP can be easily and freely converted into xECP at any given time. This conversion process is instantaneous and maintains a 1:1 ratio, meaning that for every unit of $ECP, the user receives an equivalent amount of xECP.

To convert xECP back into $ECP, a redemption process is followed, which involves a vesting period. The user has the flexibility to select the duration of this vesting period. The conversion ratio between xECP and $ECP will vary depending on the chosen vesting duration.

If the user opts for the minimum vesting duration of 15 days, the conversion ratio will be 1:0.5. This means that for every unit of xECP redeemed, the user will receive half the amount in $ECP.

On the other hand, if the user chooses the maximum vesting duration of 60 days, the conversion ratio will be 1:1. In this case, the user will receive an equal amount of $ECP for each unit of xECP redeemed.

It's important to note that during the vesting period, the user will not have immediate access to the full amount of $ECP corresponding to their xECP holdings. The redemption process allows for a gradual release of $ECP based on the chosen vesting duration, providing a mechanism to control the rate at which xECP can be converted back into $ECP.

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