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.

Important This page provides step-by-step guides for testing the most interesting technological features of this crypto project, according to the CryptoTotem team. There is no guarantee that you will receive any rewards for completing these tasks or will not lose the funds spent. You should do your own research before taking any action.

 Working an early predict market: Convallax

Published: 2026-07-16

Convallax is a DeFi derivatives layer for prediction markets (think Polymarket).

The project has already landed its first investment from Alliance a solid signal for a project this early stage.

Convallax just rolled out its testnet on Polygon Amoy, where any user can test default predict and short/long positions right now. No rewards have been confirmed yet, but the project looks very promising worth farming for a potential drop.
✅✅What to do:
  • 🟠Head to the website, hit Sign Up, and connect your wallet
  • Make sure to claim test tokens from the faucet
  • On the predict page, click Claim 1000 USDC at the top
  • Pick any event and place a bet
  • Complete the easy tasks on Zealy

The predict market doesn't stand out much from competitors yet. No word on rewards, but it's way too early for that the project literally just hatched. Day one should start with light work, so ease in gradually.

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