ITHACA PROTOCOL, a composable options protocol, announced the launch of a beta version and a formula-based airdrop plan to incentivize liquidity, reward early adopters and promote ecosystem development. The specific airdrop details have not been disclosed yet. Earlier news, ITHACA FINANCE announced in January this year that it had completed a $2.5 million PRE-SEED round of financing, led by CUMBERLAND and WINTERMUTE VENTURES, and participated in by angel investors such as ROOM40 VENTURES, GHAF CAPITAL PARTNERS, and DARMA CAPITAL co-founder Andrew KEYS, STAN MIROSHNIK, and AXELAR co-founder GEORGIOS VLACHOS.