After a market resolves, winning outcome tokens can be redeemed for $1.00 USDC each. Losing tokens are worthless.
Before you redeem
Check that:
- The market status is Resolved (not Open or Voided)
- The 24-hour dispute window has passed (unless no dispute was filed)
- No active dispute is blocking redemption
- You hold winning-side tokens in Portfolio
See Resolution for the full timeline.
How redemption works
| Input | Output |
|---|
| 100 winning YES tokens | $100 USDC (from market vault) |
| 50 winning NO tokens | $50 USDC |
redeem instruction. The platform submits the transaction through your custodial wallet — you do not need to sign each redemption manually.
Voided markets
If a market is voided (cancelled), use refund instead of redeem. All participants recover their stake rather than a winning side being declared.
Parlays
Parlay payouts are separate from single-market redemption. When all legs resolve, the parlay pool pays winners via settle_parlay. See Build a parlay.
Example
You bought 200 YES tokens at an average of 45¢ ($90 total cost). Team A wins.
- Market resolves YES
- After dispute window: redeem 200 YES → $200 USDC
- Profit: 200−90 = $110 (before fees at mint time)
Track settled positions and P&L in Portfolio (/portfolio).
