Redemption.sol

Post-resolution token redemption. Users burn winning outcome tokens 1:1 for USDT collateral.

redeem(factoryMarketId, amount)

1. Verify market is in Resolved state

2. Determine winning outcome (YES or NO) from MarketFactory

3. Burn amount winning outcome tokens from caller via OutcomeToken

4. Pay out amount * LOT_SIZE USDT from market pool via vault.redeemFromPool()

Dependencies

• MarketFactory: reads market state and outcome

• OutcomeToken: burns winning tokens (requires MINTER_ROLE)

• Vault: pays out from market pool (requires PROTOCOL_ROLE)

Notes

• Only winning tokens can be redeemed (losing tokens have no value)

• Market pool is funded during atomic settlement in clearBatch()

• Each position unit represents 1 lot = LOT_SIZE (1e16 = $0.01)

• For useInternalPositions markets (current 5-minute markets), redemption works with internal position balances instead of ERC-1155 tokens

Events

• Redeemed(uint256 indexed factoryMarketId, address indexed user, uint256 amount, bool outcomeYes)