Ithaca Protocol

📢 We are excited to announce that we have successfully completed our WebApp #PenTest for ithacaprotocol.io 🔒 🔗 Full report available: https://lnkd.in/dM4auN8Q

📢 We are thrilled to announce that we have successfully completed our smart contract #security assessment for ithacaprotocol.io—a non-custodial, composable option protocol🔒 🔗 Full report available: https://lnkd.in/d-TP2ZpY

🚀 Wintermute Ventures is excited to invest in Ithaca Protocol, a non-custodial composable option protocol, and co-lead their $2.5 million pre-seed funding round alongside Cumberland. — Ithaca, a cross-chain derivatives trading and settlements protocol, is a hybrid protocol composed of an on-chain settlement layer and an innovative off-chain matching engine. 🎯 Their mission? To design permissionless purpose-built infrastructure to aggregate cross-chain liquidity and enable optimal risk sharing across time and event horizons. This is particularly important as the current on-chain options market faces challenges like limited liquidity and market fragmentation. Ithaca’s approach to decomposing complex option payoffs and aggregate liquidity from multiple blockchains aims to address these challenges head-on, paving the way for a more unified and efficient market. Our investment in Ithaca is anchored in the team’s deep finance and crypto expertise, their innovative approach to composable options markets, and their vision to streamline on-chain market operations. Congratulations to Ithaca for closing their funding round! 🤝  We look forward to supporting Dimitrios Kavvathas and the rest of the team as they revolutionize the on-chain derivatives market! 📌 Ithaca is live on Arbitrum testnet:  https://lnkd.in/dHpwQMFn 📌 Test it and become eligible for the Ithaca Points Program: https://lnkd.in/dJ32dmwg — ⭐️ At Wintermute, our mission is to enable, empower, and advance the truly decentralized world for more transparent and efficient markets and products. Our Ventures team is dedicated to helping our portfolio companies become market leaders in their respective fields by providing them with our in-house resources and expertise to help them scale. #ventures #options #onchain #digitalassets #funding