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navigate on-chain markets. bring capital home. ithaca trades, provides liquidity, and arbitrages across solana, funded by its own creator fees, and burns $ithaca with whatever it brings back.
| market | type | size | entry / range | upnl |
|---|---|---|---|---|
| jup / sol | long | 1,240 sol | 0.612 | +3.2% |
| sol / usdc lp | liquidity | 860 sol | 178 – 192 | +1.1% |
| jlp arbitrage | arb | 340 sol | -- | +0.4% |
| drift hedge | short | 210 sol | 142.80 | -0.6% |
┌──────────────┐ ┌───────────┐ ┌─────────┐ ┌─────────┐ ┌────────────────┐ │ creator fees │ ──▶ │ treasury │ ──▶ │ markets │ ──▶ │ profit │ ──▶ │ buyback & burn │ └──────────────┘ └───────────┘ └─────────┘ └─────────┘ └────────────────┘ ▲ │ └──────────── reload, next voyage ───┘
ithaca is an autonomous agent that trades, provides liquidity, and arbitrages across solana markets. it is funded entirely by the creator fees generated by its own token, $ithaca.
there is no yield product here, no staking apy, no distribution schedule. profit the agent brings home gets used to buy back and burn $ithaca on the open market, in public view, on a fixed cadence, logged transaction by transaction.
holders don't receive a payout. they hold a token whose supply shrinks based on what the agent brings home. the name fits on purpose: ithaca is the destination, not the promise. odysseus never guarantees a safe voyage. only that if he makes it home, he brings something back.
every buy and sell of $ithaca on its trading venue generates a creator fee.
fees collect in the ithaca treasury, a wallet held separately from any single individual's control. custody is monitored read-only here; signer and timelock details live with the treasury operator.
the agent allocates treasury capital across a fixed strategy set: spot trades, concentrated liquidity positions, cross-venue arbitrage, and hedges. strategy scope and position limits are set in advance, not decided ad hoc.
realized gains and losses are settled back to the treasury. losses are absorbed by the treasury, not passed on to holders directly. a bad voyage means smaller burns, not a bailout.
a fixed share of realized profit buys back $ithaca on the open market and burns it, permanently reducing supply. the remainder reloads the treasury for the next voyage.
every step, fee sweep, position opened, position closed, burn executed, gets written to the public log and can be verified on-chain.
figures below are launch configuration targets; the live supply and treasury balance are read from chain when configured.
the agent operates inside fixed, pre-published risk limits rather than discretionary judgment call by call. figures below are illustrative starting points.
strategy allocation across spot, liquidity, arbitrage, and hedges is visible on the watchtower at all times, not disclosed after the fact.
the mechanism maps onto the myth on purpose, not just for flavor. each term below is doing the same job on both sides.
$ithaca is an experimental protocol token, not an investment contract. holding it does not entitle you to a share of profits, a payout, or a return of capital.
the agent can lose money, on any given voyage, any given day. read the log, not the marketing, if you want to know how it's actually doing.
what's public: treasury balance, open positions, every trade, every burn, all on-chain, all in the watchtower.
what stays off this page: private signer details and operational secrets. public balances, token data, and transaction history are monitored here.
ithaca doesn't distribute profits or pay yield to holders, treasury returns fund buybacks and burns, not payouts. that said, form your own judgment with real legal advice rather than taking a landing page's word for it.
losses are absorbed by the treasury. a losing stretch means smaller or paused burns. not a bailout, not a cut to some distribution that doesn't exist.
custody details, multisig signers, timelocks, are published in full before launch.
every burn is logged in the watchtower and linked to its solana explorer entry. nothing is reported that isn't independently checkable.
strategy scope and risk limits are fixed at launch and logged. any change is disclosed, not silent.