Ithaca Protocol has been awarded a grant from the Arbitrum Foundation. This is a significant milestone for the non-custodial, composable options protocol. Through the support from Arbitrum, Ithaca Protocol will be in a position to further develop its platform. This announcement was made through the official X account of Ithaca Protocol.
Ithaca Protocol Aims for Greater Liquidity with Arbitrum Foundation Grant
Its auction engine is MEV-resistant, and this makes the Ithaca Protocol to be popular. This engine helps all participants of the marketplace to trade fairly and with less slippage. With this new grant, the team is to improve its platform, which will make it more effective and even more convenient to use. The objective is to provide various options in strategies and to ensure that users achieve a smooth execution and increased liquidity.
The funds received from the Arbitrum Foundation are provided in the period of the rapidly developing decentralized finance (DeFi). It is good news for Ithaca Protocol, it has the means to increase its list of products and attract more customers. The team is centered around an improved options market on Arbitrum’s Layer 2 solution that is more accessible and seamless.
Ithaca Protocol Set to Revolutionize DeFi Market with Arbitrum Partnership
As a result of support from Arbitrum, Ithaca Protocol is well placed to improve the user experience. This includes enhancing the options trading mechanisms, cutting down on slippage and enhancing the availability of funds in the market. Further, the grant will enable the platform to improve the internal and external structure and the ecosystem.
Lastly, the collaboration of Ithaca Protocol with the Arbitrum Foundation can be considered a significant development of the platform. With new resources and future development, Ithaca Protocol is ready to make a big splash in the DeFi market.
Source: https://blockchainreporter.net/ithaca-protocol-receives-grant-from-arbitrum-foundation/