About Ithaca Protocol

Ithaca Protocol is a non-custodial, composable options protocol built on Arbitrum that enables trading of European options, binary options, forwards, and structured products through an auction-based matching engine. Its core technical differentiator is a Mixed Integer Linear Programming (MILP) optimization engine that clears prices across multiple option types and maturities simultaneously, using put-call parity and funding-option equivalence to decompose and replicate derivatives from risk-sharing building blocks. The protocol also includes an algorithmic market maker and a collateral optimization engine, with cross-chain bridging via Axelar planned. It raised a $2.5M pre-seed round in January 2024 and targets DeFi users seeking capital-efficient options exposure and structured product access on-chain.

Company Information

Category
DeFi
Listing Type
Standard

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