‼️Understand The Trading Risks

If your purchased Positional Tokens do not win on Market Maturity, they are deemed worthless (your losing positions are worth 0).

The Thales AMM accepts BUYS and SELLS at all times for individual markets, with exceptions when certain configurable limits have been reached.

There might be instances where your Positions you've purchased can’t be sold back to the AMM and you have to wait for Market Maturity to finalize your positions.

Thales AMM on-demand liquidity limits:

1. Odds pricing limit: The AMM only offers liquidity if the Implied Odds of a position are between 8% and 95%, or in other words if UP and DOWN token prices are between $0.08 and $0.95 (see TIP-107 for specifications). If the market movement takes these metrics outside of the specified range, the AMM stops offering liquidity for the respective market.

2. Time limit: The AMM only offers liquidity for a specific market until 24 hours before Market Maturity. After the market crosses the 24rth hour before maturity, the AMM stops offering liquidity for that market.

3. Cap limit: The AMM only offers liquidity for a limited amount of UP, DOWN, IN and OUT tokens for specific markets based on the amount of risk the AMM takes on from a specific market.

Exercising your winnings is not influenced by the current AMM liquidity in any way!

Your winning Positional Tokens will always be redeemable for USD winnings on Market Maturity!