Update Polymarket documentation (2026-02-19)

- Added new documentation URLs from llms.txt index
- Updated TARGET.md with 244 total documentation pages
- Scraped new pages for trading, concepts, and API reference sections
- Updated changelog and new index pages

docs/developers/CTF/redeem.md

@@ -2,11 +2,93 @@
 > Fetch the complete documentation index at: https://docs.polymarket.com/llms.txt
 > Use this file to discover all available pages before exploring further.
 
-# Reedeeming Tokens
+# Redeem Tokens
 
-Once a condition has had it's payouts reported (ie by the UMACTFAdapter calling `reportPayouts` on the CTF contract), users with shares in the winning outcome can redeem them for the underlying collateral. Specifically, users can call the `redeemPositions` function on the CTF contract which will burn all valuable conditional tokens in return for collateral according to the reported payout vector. This function has the following parameters:
+> Exchange winning tokens for USDC.e after market resolution
 
-* `collateralToken`: IERC20 - The address of the positions' backing collateral token.
-* `parentCollectionId`: bytes32 - The ID of the outcome collections common to the position being redeemed. Null in Polymarket case.
-* `indexSets`: uint\[] - The ID of the condition to redeem.
-* `indexSets`: uint\[] - An array of disjoint index sets representing a nontrivial partition of the outcome slots of the given condition. E.G. A|B and C but not A|B and B|C (is not disjoint). Each element's a number which, together with the condition, represents the outcome collection. E.G. 0b110 is A|B, 0b010 is B, etc. In the Polymarket case 1|2.
+**Redeeming** converts winning outcome tokens into USDC.e after a market resolves. Each winning token is worth exactly $1.00 — the losing token is worth $0.
+
+```
+Market resolves YES:
+  100 Yes tokens → $100 USDC.e
+  100 No tokens  → $0
+```
+
+## When to Redeem
+
+Redemption is only available **after a market resolves**. Once the oracle reports the outcome:
+
+* **Winning tokens** can be redeemed for \$1.00 USDC.e each
+* **Losing tokens** are worth \$0 and produce no payout
+
+<Note>
+  You can redeem at any time after resolution — there's no deadline. Your
+  winning tokens will always be redeemable.
+</Note>
+
+## How Resolution Works
+
+1. The market's end condition is met (event occurs, date passes, etc.)
+2. The UMA Adapter oracle reports the outcome via `reportPayouts()`
+3. The CTF contract records the payout vector
+4. Redemption becomes available for winning tokens
+
+## Prerequisites
+
+Before redeeming:
+
+1. **Market must be resolved** — check the market's `resolved` status
+2. **Hold winning tokens** — only the winning outcome can be redeemed
+3. **Know the condition ID** — required for the redemption call
+
+## Function Parameters
+
+<ResponseField name="collateralToken" type="IERC20">
+  USDC.e (Bridged USDC) contract address: `0x2791Bca1f2de4661ED88A30C99A7a9449Aa84174`
+</ResponseField>
+
+<ResponseField name="parentCollectionId" type="bytes32">
+  Always `0x0000...0000` (32 zero bytes) for Polymarket markets
+</ResponseField>
+
+<ResponseField name="conditionId" type="bytes32">
+  The market's condition ID
+</ResponseField>
+
+<ResponseField name="indexSets" type="uint[]">
+  Array of index sets to redeem: `[1, 2]` redeems both outcomes (only winning
+  pays)
+</ResponseField>
+
+<Note>
+  Redemption burns your entire token balance for the condition — there is no
+  amount parameter.
+</Note>
+
+## Payout Mechanics
+
+The CTF uses a **payout vector** to determine redemption values:
+
+| Outcome  | Payout Vector | Redemption        |
+| -------- | ------------- | ----------------- |
+| Yes wins | `[1, 0]`      | Yes = $1, No = $0 |
+| No wins  | `[0, 1]`      | Yes = $0, No = $1 |
+
+When you call `redeemPositions()`:
+
+* Your token balance is multiplied by the payout
+* Winning tokens are burned
+* USDC.e is transferred to your wallet
+* Losing tokens are burned as well, but produce a \$0 payout
+
+## Next Steps
+
+<CardGroup cols={2}>
+  <Card title="CTF Overview" icon="book" href="/trading/ctf/overview">
+    Learn more about the Conditional Token Framework
+  </Card>
+
+  <Card title="Resolution Process" icon="gavel" href="/concepts/resolution">
+    Understand how markets are resolved
+  </Card>
+</CardGroup>