💪Exercising a Winning Position
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 Thales dapp 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
Your
Payout amount
in USDHow much time you have left until expiration to exercise your options tokens
The current
Network fee (gas)
price to exercise the transaction, denominated to USDThe
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.
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