Welcome to Convallax
Convallax is the options layer for prediction markets. We let you trade European cash-settled options — calls and puts — on the YES outcome price of Polymarket binary markets. All positions are collateralized in USDC, tokenized as ERC-1155s, and settled on Polygon. Traders can buy or sell calls and puts — selecting their underlying market, strike, and expiry — to go long or short on any outcome. All trades are facilitated through our infrastructure: a live quote request system for price discovery, where market makers compete in real time, and atomic on-chain settlement for collateral, premium, and token transfers.Get Started
How Options Work
Understand calls, puts, strikes, and payoffs on Polymarket YES tokens.
Trade Lifecycle
Follow a trade from quote request through on-chain settlement.
Market Maker Channels
Stream quote requests over SSE, submit quotes over REST, and receive post-trade events over WebSocket.
API Reference
Explore all REST and WebSocket endpoints.
For Traders
Take leveraged positions on prediction market outcomes with known, bounded risk.1
Pick a market
Choose a Polymarket binary market and select a strike price and expiry for your call or put option.
2
Open a quote request
Create a live quote request. Market makers receive your trade parameters over the quote-request stream and compete to offer you the best price in real time.
3
Trade on-chain
Commit to the best quote. The market maker signs an EIP-712 order, and you call
fill() on-chain to atomically settle — collateral is locked, premium is paid, and option tokens are minted in one transaction.4
Settle at expiry
At expiry, the resolution price is attested and submitted on-chain. Claim your payout if your option finished in the money.