verex

Settlement & Redeem

Goal: the position lifecycle — split collateral into YES/NO, merge back, redeem winnings after resolution.

Status

S2.1 ✅ CTF cycle (split / merge / redeem) tested; redeem after a manual resolve works in the demo.

Design

• splitPosition (USDC → YES+NO), mergePositions (YES+NO → USDC), redeemPositions (winning tokens → USDC after reportPayouts).

Open questions

• Auto-claim vs manual redeem (ties into the auto-claim delegate, S7).

Features

• Position ops
  • split / merge / redeem tested (S2.1)
• Claim UX
  • Manual redeem via SDK/CLI
  • (you) Auto-claim delegate (S7) — see account-abstraction.md