Thales Markets Documentation
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  • 👋Welcome
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    • 🛒Parimutuel Markets Introduction
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  • USING THALES
    • 🏺Why Use Thales?
    • 📈Trading Guide
    • 🔁Thales AMM Design
      • ‼️Understand The Trading Risks
    • 💪Exercising a Winning Position
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    • 🔴Staking THALES on Optimism - Guide
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    • 🤖Automate Staking Rewards Claiming with Chainlink Automation - Guide
    • 🎁THALES/WETH LP rewards on Optimism - Guide
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  • RESOURCES
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      • Thales Contracts Overview
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  1. USING THALES

Exercising a Winning Position

Last updated 1 year ago

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T0 "exercise" a Parimutuel option means to convert your positional tokens to USD in a 1:1 ratio during the maturity phase of the specific market.

After launching the and connecting your wallet, navigate to the PROFILE page on the left sidebar.

After you are on the profile page, go to the second tab that says MATURED POSITIONS:

The matured markets where your positional tokens have won will be shown with the status: CLAIM.

Click on the matured position to reach the Exercise page:

On the Exercise page you can see:

  • The type of positional tokens that are available for you to exercise

  • How much time you have left until expiration to exercise your options tokens

  • The current Network fee (gas) price to exercise the transaction, denominated to USD

  • The Exercise button

After clicking the Exercise options button you will get a request from your wallet to confirm the transaction. After the transaction is confirmed, all the Positional Tokens you own from that market get burned and the USD quoted in the Payout amount field will get deposited into your wallet from the market contract.

Your Payout amount in

💪
USD
Thales dapp