Mint, merge, redeem outcome tokens

In prediction markets, to bet on an outcome, you will need to have some outcome tokens. These token can be traded or used to redeem for collateral tokens.

Mint

To mint (split), you must have some available sDAI (or xDAI) tokens. After minting, you will receive outcome tokens. 1 sDAI can mint 1 outcome token of each outcome.

Because of the exchange rate between sDAI and xDAI, 1 xDAI can only mint about 0.9 outcome tokens of each outcome.

After minting, you will receive outcome tokens for all outcomes, not just the one you selected.

Merge

Merge is the exact opposite of mint. You can exchange your outcome tokens for xDAI (or sDAI). Note that before merging, you need to allow (approve) Seer to handle your outcome tokens.

Redeem

A market must be resolved (see Resolve market) before you can redeem your outcome tokens. The redeem process is quite similar to merge.

Market has not been resolved:

Market has been resolved: