Ithaca
  • OVERVIEW
    • Ithaca Overview
  • ARCHITECTURE
    • Pre-Match Processing
      • Frequent Batch Auctions (FBA)
        • Auction Specifications
        • Common Product Specifications
        • Orders
      • Risk Sharing Building Blocks (RSBB)
      • Mixed Integer Linear Programming (MILP) Optimization
      • Portfolio Dominance
      • Matching Process Summary
    • Post-Match Processing
      • Settlement
      • User Funds
      • Collateral Optimization Engine
        • Trade Collateralization
        • Portfolio Collateralization
  • ECOSYSTEM
    • Progressive Decentralization
    • Airdrops
      • Season One
        • Earning Points
        • Trading Points
          • Fills
          • Orders
          • Bespoke Trading Incentives
        • Engagement Points
          • Referrals
        • Badges and Special Points
        • Point Activation - Sybil Resistance
        • Halvings
    • Fees
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  • Ithaca 1.0 Product Range
  • Common Product Specifications
  1. ARCHITECTURE
  2. Pre-Match Processing
  3. Frequent Batch Auctions (FBA)

Common Product Specifications

Ithaca 1.0 Product Range

  • Vanilla Products (Options, Digital Options, Forwards)

  • Dynamic Option Strategies (e.g. Spreads, Straddles, Condors, Risk Reversals, etc.)

  • Stories (Twin-win, Barriers, etc.)

Common Product Specifications

Underliers

Ithaca 1.0 will launch with WETH/USDC as underlying with more pairs to be added in the future.

The premium currency is USDC.

Exercise Style

European, auto-exercised (a European option can be exercised only at expiration).

Ithaca Strikes

  • Central strike: Closest rounded to the nearest $100 ETH price.

  • 4 lower strikes: ($) 100, 200, 300, 400 lower than central strike.

  • 4 higher strikes: ($) 100, 200, 300, 400 higher than central strike.

  • Barrier strikes (Knock-In/Knock-Out) will only be chosen among these 9 strikes.

Ithaca Expiries

  • Every Friday within the same month.

  • Every Friday that is less than 31 days away.

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Last updated 4 months ago