You can find the available prizes by clicking on the Ways to Redeem button in the Panel's home.
Prizes are distributed in 3 ways depending on their nature:
Airdrop prizes are distributed by the program's admin at a time of their choice. When claiming the prize you are added to a list of claimers that the program admins can see through their dashboard.
NFT-based prizes are immediately minted when claimed - you will be asked to sign a transaction after clicking the Claim button. This will mint the NFT to your wallet.
These prizes are automatically awarded to you after clicking the Claim button.