Merge
A holder of 100 YES and 100 NO in the same market can merge them into 100 USDC before resolution.
Prediction Markets 101 editorial team Updated April 16, 2026 1 min read
Definition
Merging is combining YES and NO conditional tokens back into USDC collateral (in equal quantities). The opposite of splitting.
Plain-English explanation
Merging is how market makers cycle inventory. Split USDC into YES+NO pairs, sell each at a spread, merge leftover or mismatched pairs back to USDC. It's also how users liquidate positions without needing a counterparty.