haca

ChainCatcher news, according to The Block, cryptocurrency venture capital firm Paradigm has announced a $20 million investment in its spin-off company Ithaca. Ithaca is developing a new Layer 2 blockchain called Odyssey, aimed at accelerating the development of blockchain technology.Paradigm's Chief Technology Officer and General Partner Georgios Konstantopoulos will serve as the CEO of Ithaca while retaining his position at Paradigm. Paradigm co-founder Matt Huang will serve as the chairman of Ithaca.The Odyssey Layer 2 is built on Reth and the OP Stack and is currently live on the testnet. Konstantopoulos stated that Ithaca is building a complete technology stack needed by developers and users for faster deployment and lower barriers to entry.

ChainCatcher news, the composable options protocol Ithaca Protocol has launched its real-time testing platform, aimed at setting a new standard for the crypto options market.The protocol was founded by a former Goldman Sachs partner and Amber Group executive, and is supported by Cumberland and Wintermute Ventures.In addition, Ithaca Protocol has launched a formula-based airdrop program to incentivize liquidity, reward early adopters, and promote ecosystem development. Participants can earn points by executing trades, submitting orders, engaging on social media, and joining events (depending on participation in protocol actions).