Mammoth Help Center
  • Welcome to Mammoth
  • Roadmap
  • Tokenomics
  • Introduction
    • Key Features
    • Market Types
    • Getting Started
  • Key Mechanics
    • Bonding Curve
    • Liquidity Pool
    • Token Buying and Selling
    • Price Equilibrium
    • Market Resolution
    • MammothPoints Integration
  • Incentive Behavior
    • Early Participation Incentive
    • Balanced Market Incentive
    • Liquidity Provision
    • Risk and Reward Scaling
  • How to Participate
    • Creating a Market
    • Trading Tokens
    • Claim Winnings
    • Refer New Users
  • Fees
    • Fee Structure
    • How Fees are Calculated
    • Use of Collected Fees
  • MammothPoints
    • What are MammothPoints?
    • How to Earn MammothPoints?
    • MammothPoints to $TUSK Conversion
    • Leaderboards
  • Example Scenarios
    • Example Scenario
  • FAQs
    • FAQs
  • Legal
    • Terms & Conditions
    • Privacy Policy
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On this page
  • When Can You Collect Winnings?
  • Steps to Collect Winnings
  • Important Notes
  • What Happens to Losing Tokens?
  1. How to Participate

Claim Winnings

Collecting your winnings on Mammoth is a straightforward process, but it's important to understand when and how you can claim your rewards.

When Can You Collect Winnings?

You can only collect winnings if:

  1. The market you participated in has been resolved.

  2. The outcome is in your favour (i.e., you hold the winning SPL tokens).

Steps to Collect Winnings

  1. Connect Your Wallet: Ensure your wallet containing the winning SPL tokens is connected to the Mammoth WebApp.

  2. Navigate to the Resolved Market: Go to the specific market that has been resolved in your favour.

  3. Locate the Winning Outcome: Find your winning position on the market page.

  4. Click "Claim": Next to the winning outcome, you'll see a "Claim" button. Click on it.

  5. Approve the Transaction: A transaction approval request will appear in your connected wallet. Review the details and approve the transaction.

  6. Receive Your Winnings: Once the transaction is confirmed, your winnings (minus the fee) will be transferred to your wallet in SOL.

Important Notes

  • Winning Token Requirement: You must have the correct (winning) SPL tokens in your connected wallet to claim winnings.

  • Withdrawal Fee: Remember that there is a 0.1% fee applied when withdrawing winnings.

  • Losing Tokens: If you hold losing SPL tokens, they will be rendered worthless but will remain in your wallet.

  • Market Resolution: Make sure to check the market's resolution details to understand why and how it was resolved.

What Happens to Losing Tokens?

If you hold tokens for the losing outcome:

  • These tokens become worthless after market resolution.

  • They will remain in your wallet but cannot be redeemed for SOL.

  • Consider them a record of your participation in the market.

By following these steps, you can easily collect your winnings from successfully predicted outcomes on Mammoth. Always stay informed about your market positions and resolutions to manage your participation effectively.

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Last updated 6 months ago