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Ithaca Protocol
Ithaca Protocol
ITHACAOptions
Audited
DeFiLlama Options·$651.4K TVL·+0.10% 1h·+0.24% 24h·+5.17% 7d·$746.8K MCap

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Protocol TVL

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About Ithaca Protocol

Ithaca is a Non-Custodial, Composable Option Protocol. Ithaca’s mission is to build permissionless cross-chain infrastructure enabling optimal risk sharing across time and event horizons. The protocol allows for instant deployment of ‘liquidity self-enhancing’ complete, composable option, structured product and lending markets on any underlying.

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

How Ithaca Protocol's TVL is measured

DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.

counts the number of WETH and USDC in Ithaca Fundlock contract

If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.

Ithaca Protocol tokenomics and on-chain capital

Ithaca Protocol's governance or utility token carries a market capitalisation of $746.8K based on circulating supply at the latest DeFiLlama snapshot. Token market cap ($746.8K) and TVL ($651.4K) trade close together, giving a mcap/TVL multiple of 1.15× — broadly the range market participants treat as "fair" for an established DeFi protocol.

Token market cap
$746.8K
Circulating supply × price
Mcap / TVL ratio
1.15×
Valuation vs deposits

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

Ithaca Protocol Timeline

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

  1. Apr 2, 2024
    Listed on DeFiLlama

Protocol Profile

Ithaca Protocol is a Options protocol where traders open leveraged, perpetual, or option positions priced off oracle feeds and settled in collateral held by the contract. It is deployed on Arbitrum. The codebase has been independently audited (3 reports on file).

TVL Distribution by Chain

Arbitrum
$651.4K(100.0%)

Supported Chains

Arbitrum

Protocol Footprint

Ithaca Protocol is a single-chain protocol, deployed exclusively on Arbitrum — this concentrates execution risk but simplifies the trust model. 3 public audit reports are linked from DeFiLlama, which is on the higher end of transparency for the DeFi sector — most protocols of comparable TVL publish far fewer. Token market cap ($746.8K) and TVL ($651.4K) trade at a ratio of 1.15, in the range generally considered normal for an established DeFi protocol.

Official Resources & Links

Verified external resources for Ithaca Protocol — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Other Options protocols on Mantapex

Ithaca Protocol is one of 7 Options protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Rysk V12, Hegic, Deri V4, and 3 more. These peer protocols collectively secure $85.6M in deposits, giving you a frame of reference for whether Ithaca Protocol's own TVL is at the top, middle, or tail of the category.

Browse all Options protocols on Mantapex

Related protocols

Other DeFi protocols connected to Ithaca Protocol by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.

Risk Warning

DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.

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