> ## Documentation Index
> Fetch the complete documentation index at: https://docs.convallax.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Convallax

> Convallax is the options layer for prediction markets — trade European calls and puts on Polymarket YES outcomes, collateralized in USDC, settled on Polygon.

## 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

<CardGroup cols={2}>
  <Card title="How Options Work" icon="chart-line" href="/guides/options">
    Understand calls, puts, strikes, and payoffs on Polymarket YES tokens.
  </Card>

  <Card title="Trade Lifecycle" icon="arrows-rotate" href="/guides/lifecycle">
    Follow a trade from quote request through on-chain settlement.
  </Card>

  <Card title="Market Maker Channels" icon="plug" href="/guides/quote-stream">
    Stream quote requests over SSE, submit quotes over REST, and receive post-trade events over WebSocket.
  </Card>

  <Card title="API Reference" icon="code" href="/api-reference/introduction">
    Explore all REST and WebSocket endpoints.
  </Card>
</CardGroup>

## For Traders

Take leveraged positions on prediction market outcomes with known, bounded risk.

<Steps>
  <Step title="Pick a market">
    Choose a Polymarket binary market and select a strike price and expiry for your call or put option.
  </Step>

  <Step title="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.
  </Step>

  <Step title="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.
  </Step>

  <Step title="Settle at expiry">
    At expiry, the resolution price is attested and submitted on-chain. Claim your payout if your option finished in the money.
  </Step>
</Steps>

## For Market Makers

Monitor incoming quote requests in real-time, submit competitive quotes, and earn the spread. See the [How to Become a Market Maker](/guides/market-maker) guide for setup details, or contact [support@convallax.com](mailto:support@convallax.com) if you're interested in providing liquidity.