Dormant:

The wearer gains +1 to their spell save DC when casting enchantment spells. 

They gain the shape water cantrip.

The wearer can use an action to break off a charm to cast create/destroy water. They have 6 charms and regain 1d3 charms at dawn.

Awakened:

The bonus to the wearer’s spell save DC for enchantment spells is increased to +2.

The wearer can break off 2 charms to cast misty step.

The wearer now regains 1d4 charges at dawn. 

Exalted:

The bonus to the wearer’s spell save DC for enchantment spells is increased to +3.

The wearer can break off 3 charms to cast Aqua Step as an action.

The wearer now regains 2d3 charges at dawn.