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Ithaca Protocol

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Category: Options
TVL: $13K

Ithaca Protocol


Ithaca is a non-custodial, composable option protocol with a mission to build permissionless, cross-chain infrastructure for optimal risk sharing. It enables the instant deployment of 'liquidity self-enhancing' markets for options, structured products, and lending on any underlying asset. The Ithaca ecosystem includes an option trading protocol, an algorithmic market maker, and a collateral optimization engine. Its architecture utilizes off-chain pre-match processing, post-match settlement on Arbitrum, cross-chain bridging via Axelar, and a Mixed Integer Linear Programming (MILP) optimization for best execution. The Ithaca App provides a user-facing dashboard for trading, analytics, and staking, within an ecosystem designed for progressive decentralization.

Funding Rounds

Funding Round: Pre-Seed
Funding Date: 31 Jan, 2024
Raised Amount: $2.5M

Funding Round: Pre-Seed
Funding Date: 1 Jan, 2024
Raised Amount: $2.5M

Investors