> For the complete documentation index, see [llms.txt](https://derpdex.gitbook.io/home/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://derpdex.gitbook.io/home/tokenomics/xderp/conversion.md).

# Conversion

Conversion and redemption for DERP and xDERP are mutually convertible but the steps are different. Please see details below:

## DERP > xDERP conversion

DERP can be freely converted to xDERP any time. The steps are instant and at **1:1** ratio

## xDERP > DERP conversion

* The redemption steps to convert xDERP to DERP implies vesting, the duration of which is selected by the token holder. The conversion rate will increase with the vesting duration:
  * Minimum vesting duration of **24 days** will provide **0.42:1** ratio
  * Maximum vesting duration of **96 days** will provide **1:1** ratio
* IF the selected vesting duration is lower than the maximum ratio 1:1, the excess DERP will be sent to foundation reserve for future purpose; ie. liquidity on better CEX and more.