Ithaca is a non-custodial, composable, option, option strategies and structured products (and soon) protocol on Arbitrum (and soon on Base and Solana) underpinned by a provably optimal, auction-based matching engine.
Current Rankings
Ithaca already ranks consistently between #1 and #4 option protocols in terms of volumes and premia on DefiLlama, having been live for few months and liquidity ramping up.
Vision
Ithaca will be the no1 option protocol across chains
Why options? Option market is huge everywhere; never a ‘demand for options‘ challenge, always ‘liquidity’; Ithaca solved this.
'It is easy to build a perp product when you have an option market. It is very hard to build an option market when you just got perps.'
Ithaca will be the 'Uniswap of Options'
Similar to how a protocol would seed an AMM pool to generate liquidity on spot trading of their token, Ithaca has built innovative modular infrastructure that allows for instant spin up of complete liquid option / option strategy / structured product markets on any underlying.
Market Traction
Ithaca already is showing traction with knowledgeable power users that can access for the first time ( not only in DeFi, but also in CeFi and TradFi )
Product Offerings
- Fully composable linear combinations of vanillas and digitals
- Collateral Optimization
- Innovative margin lending (launching soon)
Ithaca has put together infrastructure that encompasses as special cases all vault and structured product offerings. A listing will create the hype for every user that has tried inferior products to access a superior offering
- Vanilla + Digital Options
- Stories (Bets, Earn, Bonus, Twin-Win, Barriers, Contingent Premium Calls / Puts, Accumulators)
- Principal Protected Strategies
- Ithaca Option Bot Telegram App (First self contained telegram native option bot; opening up options to 1bln TG users; TG mini-app game coming soon)
While the Ithaca Matching Engine frequent batch auction framework levels the playing field for users protecting from high frequency traders and MEV extractors.
IthacaGPT allow non sophisticated users to translate nuanced views into, potentially complicated, option strategies. Perps can’t compete; no other protocol (TradFi / CeFi) can compete with Ithaca.
Team
Most experienced trading and BD team in the market across go to market verticals; professionals; institutional, traditional retail, Degens; principals have traded for decades in Tradfi option markets and ran a successful crypto vol proprietary trading business.
Market Making Infrastructure
Alongside the organic liquidity generation inherent in the building block decomposition methodology, a supporting vol market-making infrastructure is getting launched
Airdrop
A liquidity-supportive point system has supported strong community growth since the emergence from stealth.
Ithaca Airdrop Season One: https://blog.ithacaprotocol.io/blog/ithaca-airdrop-season-one
Funding
Pre-seed round 1 year ago led by Cumberland and Wintermute.
Where is Ithaca Protocol available for purchase?
You can exchange ITHACA tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Ithaca Protocol is MEXC, notably the ITHACA/USDT pair, which saw a trading volume of $ 105,670 in the past day. Additionally, Gate and KuCoin are popular alternatives for trading tokens.
What is the highest value Ithaca Protocol (ITHACA) has ever reached?
Ithaca Protocol (ITHACA) reached its peak price at 0.1165 $ on 17 January 2025, approximately 7 months ago ago. Presently, the current price is -93.13% lower than this all-time high.
What is the historical minimum price for Ithaca Protocol (ITHACA)?
The minimum price reached for Ithaca Protocol (ITHACA) was 0.004957 $, documented on 02 July 2025, more than 2 months ago. In comparison, the current price is 61.33%, it above this historical low.
What is the fully diluted valuation of Ithaca Protocol (ITHACA)?
The fully diluted valuation (FDV) of Ithaca Protocol (ITHACA) stands at $ 6,43 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 1,000,000,000 ITHACA tokens. The realization of this FDV might take several years depending on the emission schedule of ITHACA tokens.
How to add Ithaca Protocol (ITHACA) to MetaMask?
By integrating Ithaca Protocol (ITHACA) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import ITHACA as a token. You can either manually import ITHACA by copying its contract address (0x49f1d4db3ea1a64390e990c6debeac88eac007ca) or use MetaMask's Chrome extension to add ITHACA with a single click through P.CASH.
How to add Ithaca Protocol (ITHACA) to TrustWallet?
Incorporating Ithaca Protocol (ITHACA) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include ITHACA, you can either manually import it using the contract address (0x49f1d4db3ea1a64390e990c6debeac88eac007ca) or conveniently add it to Trust Wallet with just one click via P.CASH if you've installed Trust Wallet's Chrome extension.
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