@convallax

Convallax

Convallax is building an options exchange for prediction markets, allowing traders to buy calls and puts on event probabilities rather than just binary outcomes. Backed by Alliance DAO, they launched a public testnet in late June 2026 with strong early traction (1,991 traders, $18M volume in first week). The project addresses a real gap in prediction market infrastructure by enabling hedging, leverage, and yield strategies on probability movements.

𝕏 @convallax ↗ t.coDeFipromising

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Confidence

78%

Convallax is building an options exchange for prediction markets, allowing traders to buy calls and puts on event probabilities rather than just binary outcomes.

Backed by Alliance DAO, they launched a public testnet in late June 2026 with strong early traction (1,991 traders, $18M volume in first week).

The project addresses a real gap in prediction market infrastructure by enabling hedging, leverage, and yield strategies on probability movements.

Green flags: Strong product-market fit: addresses $330M+ locked capital in Polymarket with no hedging options · Impressive testnet metrics: $18M volume, 1,991 traders, 83k trades in first 7 days · Backed by Alliance DAO, a credible Web3 accelerator · Clear technical differentiation: first options layer on prediction markets · Recent account (4 months old) with small following (3.2k) but high engagement rate

Red flags: Very early stage with testnet just launched, mainnet timeline unclear · No token announced yet, monetization model not detailed · Limited team/founder visibility in public materials

Token

No · pre-launch

Chain

—

Stage

testnet