Seer
  • 🧙Introduction to Seer
  • Prediction Market Basics
    • 🪄Creating Tokens
    • 🔄Trading Tokens
    • 🔥Redeeming Tokens
    • ➕Scalar Markets
  • 😵Why did previous prediction markets fail?
    • ◾A method other than a prediction market produces the best predictions
    • ⁉️An article shows a method over performing prediction market
    • 🔎It's not ethical
    • 🏦Regulatory Attacks
    • 💧Lack of Liquidity
  • 🪡Seer Solution
    • 🔘Seer DAO
    • 🇧🇮Retroactive Public Good Funding
    • 👨‍👨‍👦‍👦Prediction Market Actors
    • 🥚The Chicken and the egg problem
    • 💰Token Incentives
    • ℹ️Information Seekers
    • 📈Exchange Integration
    • 💦Liquidity Management
    • 🔒Safe Liquidity Provision
    • ➡️Practical Implementation = AMM + Auctions
    • 💡Reasoning
    • ⚕️Capital Efficency
  • ⚙️Applications
    • 🕴️Political Predictions
    • 🍲Food and Drugs Market
    • 🌏Macro Studies
    • ⏺️Micro Recommendation
    • 💢Futarchy
    • 🤖AI Markets
  • 🤝Conclusion
  • 📄Reference
  • App
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  1. Prediction Market Basics

Redeeming Tokens

Complete sets of tokens can be redeemed at any time for the underlying tokens (in our example, you can redeem 1 « sDAI if Trump », 1 « sDAI if Biden » and 1 « sDAI if Other » for 1 sDAI). This is particularly relevant for liquidity providers owning tokens of different outcomes wishing to withdraw their liquidity and get back their capital.

When the oracle (i.e. Kleros + reality) returns the outcome of a market, tokens of this outcome can be redeemed for the underlying tokens.

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Last updated 1 year ago

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