> For the complete documentation index, see [llms.txt](https://docs.ithacaprotocol.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.ithacaprotocol.io/docs/architecture/pre-match-processing/frequent-batch-auctions-fba/common-product-specifications.md).

# Common Product Specifications

## Ithaca 1.0 Product Range

* Vanilla Products (Options, Digital Options, Forwards) 
* Dynamic Option Strategies (e.g. Spreads, Straddles, Condors, Risk Reversals, etc.)
* Stories (Twin-win, Barriers, etc.)

{% hint style="info" %}
More detailed specs on specific products can be found in the [Trading](/docs/ithaca-app/trading.md) section.
{% endhint %}

## Common Product Specifications

### Underliers

Ithaca 1.0 will launch with WETH/USDC as underlying with more pairs to be added in the future.

The premium currency is USDC.

### Exercise Style

European, auto-exercised (a [European option](https://www.cmegroup.com/education/courses/introduction-to-options/understanding-the-difference-european-vs-american-style-options.html) can be exercised only at expiration).

### **Ithaca Strikes**

* Central strike: Closest rounded to the nearest $100 ETH price.
* 4 lower strikes: ($) 100, 200, 300, 400 lower than central strike.
* 4 higher strikes: ($) 100, 200, 300, 400 higher than central strike.
* Barrier strikes (Knock-In/Knock-Out) will only be chosen among these 9 strikes.

### **Ithaca Expiries**

* Every Friday within the same month.
* Every Friday that is less than 31 days away.


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter:

```
GET https://docs.ithacaprotocol.io/docs/architecture/pre-match-processing/frequent-batch-auctions-fba/common-product-specifications.md?ask=<question>&goal=<endgoal>
```

`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal.

The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.