Skip to main content

Documentation Index

Fetch the complete documentation index at: https://polynode.mintlify.app/llms.txt

Use this file to discover all available pages before exploring further.

Emitted when a user calls convertPositions on the NegRiskAdapter contract. This converts NO positions on selected outcomes into USDC plus YES positions on the complementary outcomes within the same multi-outcome market. Conversions are unique to neg-risk markets (multi-outcome events like “Republican Presidential Nominee” or “FIFA World Cup Winner”). They allow traders to rebalance positions across outcomes without going through the orderbook. 
{
  "data": {
    "amount": 98,
    "block_number": 85007631,
    "converted_outcomes": [
      "Fidesz-KDNP",
      "TISZA"
    ],
    "event_title": "Hungary Parliamentary Election Winner",
    "event_type": "positions_converted",
    "index_set": "0x0000000000000000000000000000000000000000000000000000000000000021",
    "log_index": 943,
    "market_id": "0x355e7310dd6e18ef5fa456de7ce1331bd8c7540c4c39028db05325be19050100",
    "neg_risk": true,
    "stakeholder": "0x30cecdf29f069563ea21b8ae94492e41e53a6b2b",
    "taker_base_fee": null,
    "timestamp": 1775135299000,
    "tx_hash": "0x74fcb24732007ec58042c6e2ed7596c44a12f2fb34dec8bef9bbd3eaeb020718"
  },
  "timestamp": 1775135299000,
  "type": "positions_converted"
}

​
Fields

​
type
string
required
Always "positions_converted".
​
timestamp
number
required
Block timestamp in Unix milliseconds.
​
data
object
required

​
How conversions work

On a neg-risk market with N outcomes, a user holding NO positions on selected outcomes can convert them:
  1. The user’s NO tokens on the selected outcomes are burned
  2. The user receives (number of NO positions - 1) x amount in USDC
  3. The user receives YES tokens on all complementary outcomes (the ones NOT in the index_set)
This enables efficient position rebalancing without using the orderbook.

​
Use cases

  • Whale tracking — large conversions signal sophisticated repositioning across outcomes
  • Market structure analysis — conversion flow reveals which outcomes traders are moving between
  • Liquidity detection — conversions create new YES token supply on complementary outcomes
  • Arbitrage monitoring — conversions can indicate perceived mispricing between outcomes
Not included in global firehose by default (same as position_split/position_merge). Subscribe explicitly with event_types: ["positions_converted"] or use the wallets/markets subscription types which include it automatically.