> For the complete documentation index, see [llms.txt](https://docs.mozaic.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.mozaic.finance/token/xmoz/convert.md).

# Convert

### Convert MOZ > xMOZ <a href="#overview" id="overview"></a>

MOZ holders are able to freely convert their MOZ tokens to xMOZ at any time. This transaction is instant and the ratio is 1:1.

xMOZ is illiquid and non-transferable (it cannot be sent from wallet to wallet).

### xMOZ > MOZ <a href="#overview" id="overview"></a>

To redeem xMOZ back to MOZ a user must [<mark style="color:yellow;">**vest**</mark> ](/token/xmoz/withdraw.md)their xMOZ.&#x20;


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