Ithaca Protocol is a non-custodial composable option protocol that builds cross-chain derivatives trading and settlement infrastructure. The hybrid design pairs an on-chain settlement layer with an off-chain matching engine to decompose complex option payoffs and aggregate liquidity across multiple blockchains. Its mission is to create permissionless, purpose-built infrastructure to aggregate cross-chain liquidity and enable optimal risk sharing across time and event horizons. Ithaca is live on Arbitrum testnet and operates an Ithaca Points Program for testers. The team, led by Dimitrios Kavvathas, emphasizes deep finance and crypto expertise as it works to address liquidity fragmentation in on-chain options markets. Financially, the company recently closed a $2.5 million pre-seed funding round co-led by Wintermute Ventures and Cumberland.

Total raised

$3M

Funding rounds

1

Latest round

Seed

Latest activity

Jan 2024