Cryptopedia - Ithaca Protocol
Ithaca Protocol is an AI-enabled ecosystem for risk sharing. It functions as a non-custodial protocol for composable options and soon perpetuals, offering option and principal protected strategies plus structured products. The system is live on Arbitrum, with imminent launches planned for Base and Solana. It is supported by a provably optimal, auction-based matching engine, a borrowing and lending framework, and a liquidation engine that enables collateral optimization and leverage for all users.
- Ranked Top 3 on DeFiLlama by volume and premia
- Backed by Cumberland, Wintermute, Room40 Ventures, Andrew Keys, and 15+ Angel/VC investors
- Led by ex Goldman Sachs Partner / Amber Group CSO
The protocol’s innovative modular infrastructure addresses the liquidity issues restricting options in DeFi, with direct applicability to RWAs and altcoins. While the option market is huge across asset classes and there is never a ‘demand for options‘ challenge, only a ‘liquidity’ one, Ithaca has solved this challenge.
Ithaca aims to be the no1 option protocol across chains and plans to go further. The team is building the ‘Uniswap of Options‘ + ‘Hyperliquid II‘.
An Ithaca Option Bot Telegram App is soon to be attached to a decisions making under uncertainty quest TG mini app.
IthacaGPT, an AI enabled customized option strategy agent, allows non sophisticated users to translate nuanced views into executable option strategies via a chat icon on the app.
The protocol’s AI agent Infrastructure engages in macro investor informed public discourse.

Dimitrios Kavvathas