Regarding SYS_CONTEXT

Question

I was being told that when we use context, it does a binding so for the next call sql does a soft parse
create or replace function fn_temp(AB IN NUMBER)
RETURN VARCHAR2 IS
V VARCHAR2(100);
V1 NUMBER(1);
X1 VARCHAR2(100);
begin
V := 'SELECT DUMMY FROM DUAL WHERE 1 = D1';
V1 := AB;
DBMS_SESSION.set_context ('p1_cont', 'v_value', V1);
V := REPLACE(V, 'D1', SYS_CONTEXT('p1_cont', 'v_value'));
DBMS_OUTPUT.PUT_LINE(V);
EXECUTE IMMEDIATE V INTO X1;
DBMS_OUTPUT.PUT_LINE(X1);
RETURN X1;
end;
create or replace context p1_cont using fn_temp;
select sql_id, prev_sql_id from v$session where upper(program) like '%TOAD%' AND OSUSER = 'prnarvek'
SELECT fn_temp(2) FROM DUAL
SELECT fn_temp(1) FROM DUAL
select * from v$sqlarea where UPPER(SQL_TEXT) LIKE 'SELECT DUMMY FROM DUAL%';
SQL_TEXT SQL_ID
SELECT DUMMY FROM DUAL WHERE 1 = 2 3as9g8xuqc4qc
SELECT DUMMY FROM DUAL WHERE 1 = 1 6f1m2mcgc88mt
So what is the of the context ?? Or I was told wrong or i m doing something wrong ...

Answer 1

The Question has been answered.
Replaced SYS_CONTEXT('p1_cont', 'v_value') with 'SYS_CONTEXT(''p1_cont'', ''v_value'')'