Get early access to $ITHACA tokens in the Ithaca Protocol IDO on ChainGPT Pad. Secure your allocation before public listing. Sale dates: –.

🚀 Ithaca Protocol (ITHACA) IDO: Early Access Token Sale

<p><img src="https://chaingpt-launchpad.s3.us-east-2.amazonaws.com/images/ido/Ithaca_Protocol-Cover_Image_1920x1080%20%281%29.png" alt="" width="95%" height="95%"></p>
<p dir="ltr">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.</p>
<h3 dir="ltr">Current Rankings</h3>
<p dir="ltr"><img src="https://chaingpt-launchpad.s3.us-east-2.amazonaws.com/images/ido/Competitive%20Landscape.png" alt="" width="95%" height="95%"></p>
<p dir="ltr">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.</p>
<h3 dir="ltr">Vision</h3>
<p dir="ltr">Ithaca will be the no1 option protocol across chains&nbsp;</p>
<p dir="ltr">Why options? Option market is huge everywhere; never a &lsquo;demand for options&lsquo; challenge, always &lsquo;liquidity&rsquo;; Ithaca solved this.&nbsp;</p>
<p dir="ltr">'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.'</p>
<p dir="ltr">Ithaca will be the 'Uniswap of Options'</p>
<p dir="ltr"><img src="https://chaingpt-launchpad.s3.us-east-2.amazonaws.com/images/ido/Crypto%20Options_%20Total%20Addressable%20Market.png" alt="" width="95%" height="95%"></p>
<p dir="ltr">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.</p>
<p dir="ltr">Market Traction</p>
<p dir="ltr">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 )<strong><br></strong></p>
<h3 dir="ltr">Product Offerings</h3>
<ul>
<li dir="ltr">Fully composable linear combinations of vanillas and digitals&nbsp;</li>
<li dir="ltr">Collateral Optimization&nbsp;</li>
<li dir="ltr">Innovative margin lending (launching soon)</li>
</ul>
<p dir="ltr">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</p>
<ul>
<li dir="ltr">Vanilla + Digital Options</li>
<li dir="ltr">Stories (Bets, Earn, Bonus, Twin-Win, Barriers, Contingent Premium Calls / Puts, Accumulators)</li>
<li dir="ltr">Principal Protected Strategies&nbsp;</li>
<li dir="ltr">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)<strong><br></strong></li>
</ul>
<p dir="ltr">While the Ithaca Matching Engine frequent batch auction framework levels the playing field for users protecting from high frequency traders and MEV extractors.</p>
<p dir="ltr">IthacaGPT allow non sophisticated users to translate nuanced views into, potentially complicated, option strategies. Perps can&rsquo;t compete; no other protocol (TradFi / CeFi) can compete with Ithaca.</p>
<p dir="ltr"><img src="https://chaingpt-launchpad.s3.us-east-2.amazonaws.com/images/ido/AI%20Enabled%20DeFi%20Ecosystem.png" alt="" width="95%" height="95%"></p>
<h3 dir="ltr">Team</h3>
<p dir="ltr">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.</p>
<h3 dir="ltr">Market Making Infrastructure</h3>
<p dir="ltr">Alongside the organic liquidity generation inherent in the building block decomposition methodology, a supporting vol market-making infrastructure is getting launched</p>
<h3 dir="ltr">Airdrop</h3>
<p dir="ltr">A liquidity-supportive point system has supported strong community growth since the emergence from stealth.</p>
<p dir="ltr">Ithaca Airdrop Season One: https://blog.ithacaprotocol.io/blog/ithaca-airdrop-season-one</p>
<h3 dir="ltr">Funding</h3>
<p dir="ltr">Pre-seed round 1 year ago led by Cumberland and Wintermute.</p>
<h2 dir="ltr">Problems and Solutions</h2>
<h3 dir="ltr">Pain Points</h3>
<ol>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Liquidity Fragmentation: Liquidity for options trading is scattered across various blockchains, leading to inefficiencies and limiting market growth.</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Complexity in Trading and Risk Management: Traditional options and structured product trading can be opaque and inaccessible, particularly when dealing with complex payoffs or advanced strategies.</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">High Capital Requirements: Existing systems often necessitate over-collateralization and inefficient use of capital, creating barriers for both market makers and traders.</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Lack of Dynamic Trading Features: Many trading platforms lack advanced features like conditional orders and dynamic strategies, reducing flexibility and user engagement.</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Limited Accessibility and Scalability: Current infrastructures fail to provide seamless cross-chain interoperability and rapid deployment of new markets for diverse assets, restricting innovation and user participation.</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Exposure to MEV (Maximal Extractable Value) Risks: Inefficient market clearing mechanisms leave traders vulnerable to MEV exploitation, affecting price fairness and transparency.</p>
<p dir="ltr" role="presentation">&nbsp;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">No digital options presentable in DeFi / CeFi, no way to decompose and recompose any payoff one wishes among option strategies and structured products</p>
<strong id="docs-internal-guid-3c5e0e1d-7fff-a986-aca7-b18b302a0678"></strong></li>
</ol>
<p dir="ltr">Ithaca is building a non-custodial risk primitive that will allow billions in options volume to migrate on-chain while enabling an efficient outlet for trillions in latent options and structured payoff demand. On-chain option volumes are significantly underperforming spot and perps&rsquo; ones; crypto option penetration significantly undershooting that of all other asset classes.&nbsp;</p>
<p dir="ltr">The Ithaca Protocol is underpinned by a matching engine that decomposes option payoffs into fundamental building blocks, allows for atomic matching and conditional order logic, and utilizes replication, portfolio dominance, and collateral optimization principles. It is designed to short-circuit liquidity bootstrapping which will shorten the time to institutional-level scale in on-chain options markets, which is hampered by fragmentation across blockchains and low liquidity amidst an absence of risk-sharing mechanics&rsquo; innovation.</p>
<p dir="ltr">Ithaca&rsquo;s mission revolves around addressing these challenges by designing permissionless purpose-built infrastructure to aggregate cross-chain liquidity and enable optimal risk sharing across time and event horizons. Powered by an auction-based, and therefore MEV-resistant, algorithmic market clearing framework, Ithaca will allow for instant deployment of composable options and structured product markets for any asset.</p>
<ul>
<li>Decomposition of Option Payoffs: Simplifies complex option trades into basic elements, rendering trading and risk management more transparent and enhancing liquidity.</li>
<li>Atomic Matching and Conditional Orders: Supports dynamic trading strategies with atomic trades and conditional intent based logic, offering a significant improvement over traditional trading systems.</li>
<li>Efficiency and Risk Management: Utilizes replication, portfolio dominance, and collateral optimization to use capital more efficiently and improve risk management, reducing further capital requirements and boosting liquidity, while maintaining trustlessness.</li>
<li dir="ltr">Cross Chain Liquidity Aggregation &amp; Interoperability: Designed to pool liquidity from various blockchains, addressing liquidity fragmentation and expediting the growth of on-chain options markets by using Axelar to bridge assets from supported blockchains directly onto Arbitrum.</li>
<li dir="ltr">Composable Risk Primitives: Facilitates swift market setup for diverse products on any asset, rendering option markets more versatile and robust.</li>
</ul>
<h2 dir="ltr">Project Milestones</h2>
<ol>
<li dir="ltr" role="presentation">Imminently getting deployed on Solana</li>
<li dir="ltr" role="presentation">Launched on Arbitrum Mainnet; 3 security Audits.&nbsp;</li>
<li dir="ltr" role="presentation">Continually increasing market depth.</li>
<li dir="ltr" role="presentation">Showing up on defillama, to rising in the rankings up to no1, consistently top4</li>
<li dir="ltr" role="presentation">Grant by Arbitrum Foundation</li>
<li dir="ltr" role="presentation">Remunerating collateral via Aave and launched principal protected strategies and a revamped onboarding process.</li>
<li dir="ltr" role="presentation">Innovative Margin lending framework in stealth mode production&nbsp;</li>
<li>Modularization of liquidity provision infrastructure for trial market makers and framework for direct package order population directly on UI.</li>
<li>IO Bot ( Telegram Trading Bot ), all of the Ithaca App functionality at your telegram fingertips under audit.</li>
<li>RFQ framework&nbsp;</li>
<li>IthacaGPT launched, an AI powered solution for tailored option trading strategies&nbsp;<strong id="docs-internal-guid-ca01a0df-7fff-79e4-e792-dbdf7445f0b9"></strong></li>
</ol>
<p>&nbsp;</p>
<p><strong id="docs-internal-guid-34db8767-7fff-8341-755e-ab63c24c1b83"></strong></p>

Ithaca Protocol

Non-Custodial, Composable Option Protocol

Bronze

Silver

Gold

Diamond

Join the Ithaca Protocol IDO on ChainGPT Pad. Get early access to ITHACA tokens before public listing. Secure your allocation in this innovative Web3 project. Sale dates: –.

Ithaca Protocol (ITHACA) IDO: Early Access Token Sale | ChainGPT Pad

Join the Ithaca Protocol IDO on ChainGPT Pad. Get early access to ITHACA tokens before public listing. Sale dates: –.