# oCOIN

$oCOIN has three options to exercise:

1. **Exercise bond dynamic - 5 months**\
    Where the oCOIN is vested for 5 months and it rewards 1.5x the locked amount in COIN! (the reward multiplier can change during different market conditions)\
   i.e. 100 oCOIN = 150 COIN after 5 months
2. **Exercise unlock to liquid tokens - 2 months**\
   Each oCOIN vested can be claimable for 1 COIN.\
   i.e. 100 oCOIN = 100 COIN after 2 months
3. **Exercise to liquid tokens instantly**\
   The instant conversion provides 100% of the oCOIN position into COIN but has a discount attached to it. The discount varies dynamically based on multiple factors and changes from time to time. It can range from 15% to 70%. \
   i.e. 100 oCOIN + WETH fee = 100 COIN instantly

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This means users pay 30 to 85% of the oCOIN position’s $ value in WETH as a fee.
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The discount is now 25% ( 75% WETH fee ) so the liquidity can stay deep while users that want quick profit sell their rewards because we will be using these to:

* Buyback\&Burn $BASE with 25%;
* Buyback $COIN with 25%;
* Add Liquidity to $COIN with 10%.

**Users can check active vests and other COIN+oCOIN analytics on the Dune dashboard below.**

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