Ithaca Protocol has launched its highly anticipated beta platform, poised to transform the crypto options market with its innovative features and deep liquidity. This milestone marks a significant step towards decentralization, offering users unparalleled opportunities to execute their strategies and engage with the crypto options ecosystem.

The beta platform boasts an auction-based matching engine, enabling more trades to be filled from the same number of orders compared to traditional auction mechanisms. This cutting-edge technology allows users to tailor their exposure for various market scenarios, ensuring a more efficient and secure trading experience.

Ithaca Protocol's strategic architecture is designed for efficiency and security, utilizing off-chain matching, Arbitrum on-chain settlement, and Axelar cross-chain bridging. This robust infrastructure ensures that users can execute their strategies reliably and securely, with the financial engineering inherent in the Ithaca Matching Engine providing deeper liquidity and more opportunities for users to execute their strategies.

To coincide with the beta launch, Ithaca Protocol is introducing a formula-based airdrop program aimed at incentivizing liquidity, rewarding early adopters, and supporting ecosystem development. Season One will conclude with an airdrop event where participants can earn points by executing transactions, submitting orders, engaging on social media, and joining campaigns, driving significant engagement and adoption within the crypto community.

Ithaca Protocol has raised $2.8 million to date, with Cumberland and Wintermute Ventures leading the pre-seed round in Q4 2023. Other notable participants include Room40, Andrew Keys, Ghaf Capital, Enjinstarter, Merit Circle, Tradedog, Axelar co-founder Georgios Vlachos, TenSquared managing partner Stan Miroshnik, Woodstock general partner Pranav Sharma, BFF managing partners Mansoor and Aly Madhavji, Existential VC managing partner Yoeri Krom, and angel investors Psycho, traderMayne, rookieXBT, and Dentoshi.

The launch of Ithaca Protocol's beta platform marks a significant milestone in the evolution of crypto option markets. With its innovative auction-based matching engine, strategic architecture, and strong financial backing, Ithaca Protocol is well-positioned to set a new standard in the industry. As the platform continues to develop and decentralize, it promises to offer users unparalleled opportunities to execute their strategies and engage with the crypto options ecosystem.

In conclusion, Ithaca Protocol's beta platform is a game-changer in the crypto options market, offering a revolutionary new way for users to trade and engage with the ecosystem. With its innovative features, deep liquidity, and strong financial backing, Ithaca Protocol is poised to make a significant impact in the industry and shape the future of crypto options trading.