Ithaca Protocol (ITHACA)

Ithaca Protocol is developing a non-custodial, composable option protocol aimed at creating permissionless cross-chain infrastructure for optimal risk sharing. Their offerings include an Option Trading Protocol, an Algorithmic Market Maker, and a Collateral Optimization Engine, with future plans for a margin lending and liquidation mechanism and decentralized governance.

PreSeed Round: $2.5M

Whitepaper

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Interest lvl

Medium

Updated: Jan 04, 2025

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User Rating

Medium

3/5 • 1 votes

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Ticker

ITHACA

Type

Utility-token

Registration year2023

Launchpads

ChainGPT EESEE Decubate

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What is Ithaca Protocol

Ithaca aims to bring more options trading volume on-chain and meet the growing demand for structured products in crypto markets. Now, in testing on Arbitrum, its protocol uses an algorithmic market maker model to bootstrap liquidity.

Ithaca says it can shorten the path to institutional-scale options trading volumes across blockchains by fragmenting options contracts into fundamental building blocks. Its permissionless infrastructure aggregates liquidity and enables risk transfer across assets and time horizons.

The planned launch is when defi is recovering after the drop in 2022. So far, the defi total value locked (TVL) stands at over $56 billion.