Seer documentation
  • Overview
    • 📘 What is Seer?
    • 📚 Glossary
  • Getting Started
    • 💡 Wallet and network
    • 💰 Deposit tokens
      • On Ethereum
        • Deposit DAI
        • Deposit sDAI
      • On Gnosis
        • Deposit xDAI
        • Deposit wxDAI or sDAI
    • 🧭 Navigate Our Site
      • Create a market
      • Verify market
      • Mint, merge, redeem outcome tokens
      • Buy, sell outcome tokens
      • Report answer
      • Raise a dispute
      • Resolve market
      • Provide Liquidity
      • Conditional Markets
      • Futarchy Markets
  • Developers
    • 📝 Intro
    • 🔄 Diagrams
      • Seer overall interaction
      • Create Market
      • Split, Merge, Redeem
      • Question and Resolve
    • 🔗 Interact with Seer
      • Create a market
      • Resolve a market
      • Split, Merge and Redeem
      • Market example
      • Conditional market
      • Futarchy market
    • 📜 Contracts
      • Core
        • MarketFactory
        • Market
        • MarketView
        • Router
        • GnosisRouter
        • MainnetRouter
        • RealityProxy
        • Interfaces
      • Futarchy (test)
        • FutarchyFactory
        • FutarchyProposal
        • FutarchyRouter
        • FutarchyRealityProxy
      • Token
        • Seer
      • Interaction
        • 1155-to-20
          • Wrapped1155Factory
        • conditional-tokens
          • ERC1155
            • ERC1155
            • ERC1155TokenReceiver
            • IERC1155
            • IERC1155TokenReceiver
          • ConditionalTokens
          • CTHelpers
        • cross-chain-realitio-proxy
          • dependencies
            • IAMB
            • RealitioInterface
          • ArbitrationProxyInterfaces
          • RealitioForeignArbitrationProxyWithAppeals
          • RealitioHomeArbitrationProxy
        • reality
          • RealityETH-3.0
        • sDAI-on-Gnosis
          • interfaces
            • IBridgeInterestReceiver
            • IWXDAI
          • periphery
            • SavingsXDaiAdapter
          • SavingsXDai
      • Deployed contracts
    • 🌐 Subgraph
      • Query Examples
      • GraphQl Query
        • Market
        • Swapr
        • Curate
      • GraphQL Schema
      • Subgraph ID
  • OTHER
    • 🔍 Audit Reports
Powered by GitBook
On this page
  • Mint
  • Merge
  • Redeem
  1. Getting Started
  2. 🧭 Navigate Our Site

Mint, merge, redeem outcome tokens

PreviousVerify marketNextBuy, sell outcome tokens

Last updated 8 months ago

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

Market has not been resolved:

Market has been resolved:

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

Resolve market