Ithaca Protocol is positioned as a decentralized options exchange modeled after Uniswap, using automated market makers for options trading. Panoptic is the first permissionless on-chain options protocol, enabling trading without intermediaries or oracles. Ithaca suits users familiar with AMM-based trading, while Panoptic is ideal for those seeking a fully permissionless options market.
| Token Price | — | — |
| 24h Change | — | — |
| Market Cap | — | — |
| TVL | $13.6KDefiLlama | $1.8MDefiLlama |
| MCap Rank | #4985 | — |
| Total Raised | $2.5M | $11.5M |
| Founded | 2023 | 2022-07 |
| Stage | — | — |
| X / Twitter | 66K | 21K |
| GitHub Stars | 1 | — |
| Chains | arbitrumbnb-chainethereum | baseethereumunichain |
| Tags | Derivatives, DeFi, Options | Options, Derivatives, DeFi |
Ithaca is a non-custodial, composable options protocol on Arbitrum that uses an auction-based matching engine to provide deep liquidity for options, option strategies, and structured products. It consistently ranks among the top option protocols by volume and aims to become the leading cross-chain options infrastructure, akin to the Uniswap of options.
Panoptic is the first on-chain, permissionless options protocol that allows users to trade and provide liquidity for options without needing a counterparty. It enables undercollateralized option selling for greater capital efficiency and deeper liquidity, and supports portfolio margin for institutional risk management.