Liquorice Labs Raises $1.2 Million to Revolutionize Intent-based Trading Infrastructure
Lisbon, July 29th 2024 – Liquorice, a pioneering startup developing infrastructure for intent-based trading, announces the successful raise of its $1.2 million pre-seed round. Greenfield Capital led the round, followed by L2 Iterative, Polymorphic Capital, and Hash CIB, as well as Angel investors. Liquorice Labs was founded in 2023 and aims to deliver capital-efficient liquidity from centralized exchanges (CEXs) to decentralized finance (DeFi) users, mitigating impermanent loss for liquidity providers (LPs).
“We are delighted to have such a dynamic set of crypto-native VCs on board. We will use the investment to develop our product and broaden our reach,” says Misha Alefirenko, CEO and Co-Founder of Liquorice.
Intent-based trading in DeFi is experiencing rapid growth, driven by the increasing demand for more efficient and intelligent trading mechanisms. The trend reflects a broader shift towards more sophisticated trading solutions in the DeFi space.
Liquorice leverages partnerships with market makers to offer a next-generation trading experience for private market makers (PMM), liquidity providers (LPs), and DeFi users. The platform aims to decrease trading costs significantly and dominate the liquid token trading segment by providing CEX-level liquidity on decentralized platforms.
"Our platform is built to address the challenges faced by Solvers, Private Market Makers and liquidity providers, making DeFi more capital efficient and accessible for long term capital allocators" added Toly, Chief Product Officer and Co-Founder of Liquorice. "With this new capital, we plan to accelerate our product development and continue expanding solutions that meet the evolving needs of the professional players in DeFi."
Regular LP providers can benefit from competitive lending rates and a robust set of features designed to enhance their LP experience. Liquorice's unique approach involves delegating price risk in LP pools to professional traders and market makers, ensuring a seamless and efficient liquidity provision on-chain.
Quote Greenfield: Liquorice provides a necessary infrastructure piece for intent-based trading platform actors like solvers and market makers. The protocol provides easy connectivity between both, allowing solvers to tap into off-chain liquidity sources as well as direct connectivity between trading venues, solvers and market makers without the need for manual integration. In addition, the lending pool allows solvers and market makers to settle intents in a capital-efficient way while providing LPs an easy single-sided pool UX without IL or exposure to LVR.
Liquorice is led by a team with extensive experience in traditional financial markets, software development and on-chain trading. The founders have backgrounds in hedge funds, crypto market makers, and institutional trading firms. Founded in 2023, the company is quickly gaining traction and is poised to set new standards in the DeFi space.
You can get involved early and be part of the Liquorice journey. Pre-stake your crypto assets now in a non-binding way, positioning yourself for future rewards and supporting the growth of the ecosystem: app.liquorice.tech
*****
Media Contact
Misha Alefirenko, Co-founder Liquorice Labs
media@liquorice.tech
About Liquorice
Liquorice is dedicated to improve on-chain pricing and capital efficiency by offering a single sided LP pools tailored for the professional trading firms. By integrating advanced risk management and intent-based approach, Liquorice provides LPs with a safe, profitable, and hassle-free way to earn yields. Founded in 2023, the company is quickly gaining traction and poised to set new standards in the DeFi space.
For more information about Liquorice, follow their page on twitter:
https://x.com/LiquoriceHQ and website: liquourice.tech
About Greenfield Capital
Greenfield is a European crypto investment firm that backs developer teams building toward an open, decentralized, and more robust architecture of tomorrow’s web. Founded by Sebastian Blum and Jascha Samadi in 2018, Greenfield provides funding and support in operations (e.g. running infrastructure for networks and protocols in-house, providing liquidity), token economics and governance.
Having delivered superior capital returns with their I. and II. crypto fund, Greenfield initiated 2021 its III. crypto fund, one of the largest funds dedicated to crypto in Europe (€135M).
Greenfield’s portfolio includes 1inch, Sovryn, Gattaca, Arweave, NEAR, Safe, DRESSX, The Fabricant and Panoptic among others.
Liquorice Labs Raises $1.2 Million to Revolutionize Intent-based Trading Infrastructure
Lisbon, July 29th 2024 – Liquorice, a pioneering startup developing infrastructure for intent-based trading, announces the successful raise of its $1.2 million pre-seed round. Greenfield Capital led the round, followed by L2 Iterative, Polymorphic Capital, and Hash CIB, as well as Angel investors. Liquorice Labs was founded in 2023 and aims to deliver capital-efficient liquidity from centralized exchanges (CEXs) to decentralized finance (DeFi) users, mitigating impermanent loss for liquidity providers (LPs).
“We are delighted to have such a dynamic set of crypto-native VCs on board. We will use the investment to develop our product and broaden our reach,” says Misha Alefirenko, CEO and Co-Founder of Liquorice.
Intent-based trading in DeFi is experiencing rapid growth, driven by the increasing demand for more efficient and intelligent trading mechanisms. The trend reflects a broader shift towards more sophisticated trading solutions in the DeFi space.
Liquorice leverages partnerships with market makers to offer a next-generation trading experience for private market makers (PMM), liquidity providers (LPs), and DeFi users. The platform aims to decrease trading costs significantly and dominate the liquid token trading segment by providing CEX-level liquidity on decentralized platforms.
"Our platform is built to address the challenges faced by Solvers, Private Market Makers and liquidity providers, making DeFi more capital efficient and accessible for long term capital allocators" added Toly, Chief Product Officer and Co-Founder of Liquorice. "With this new capital, we plan to accelerate our product development and continue expanding solutions that meet the evolving needs of the professional players in DeFi."
Regular LP providers can benefit from competitive lending rates and a robust set of features designed to enhance their LP experience. Liquorice's unique approach involves delegating price risk in LP pools to professional traders and market makers, ensuring a seamless and efficient liquidity provision on-chain.
Quote Greenfield: Liquorice provides a necessary infrastructure piece for intent-based trading platform actors like solvers and market makers. The protocol provides easy connectivity between both, allowing solvers to tap into off-chain liquidity sources as well as direct connectivity between trading venues, solvers and market makers without the need for manual integration. In addition, the lending pool allows solvers and market makers to settle intents in a capital-efficient way while providing LPs an easy single-sided pool UX without IL or exposure to LVR.
Liquorice is led by a team with extensive experience in traditional financial markets, software development and on-chain trading. The founders have backgrounds in hedge funds, crypto market makers, and institutional trading firms. Founded in 2023, the company is quickly gaining traction and is poised to set new standards in the DeFi space.
You can get involved early and be part of the Liquorice journey. Pre-stake your crypto assets now in a non-binding way, positioning yourself for future rewards and supporting the growth of the ecosystem: app.liquorice.tech
*****
Media Contact
Misha Alefirenko, Co-founder Liquorice Labs
media@liquorice.tech
About Liquorice
Liquorice is dedicated to improve on-chain pricing and capital efficiency by offering a single sided LP pools tailored for the professional trading firms. By integrating advanced risk management and intent-based approach, Liquorice provides LPs with a safe, profitable, and hassle-free way to earn yields. Founded in 2023, the company is quickly gaining traction and poised to set new standards in the DeFi space.
For more information about Liquorice, follow their page on twitter:
https://x.com/LiquoriceHQ and website: liquourice.tech
About Greenfield Capital
Greenfield is a European crypto investment firm that backs developer teams building toward an open, decentralized, and more robust architecture of tomorrow’s web. Founded by Sebastian Blum and Jascha Samadi in 2018, Greenfield provides funding and support in operations (e.g. running infrastructure for networks and protocols in-house, providing liquidity), token economics and governance.
Having delivered superior capital returns with their I. and II. crypto fund, Greenfield initiated 2021 its III. crypto fund, one of the largest funds dedicated to crypto in Europe (€135M).
Greenfield’s portfolio includes 1inch, Sovryn, Gattaca, Arweave, NEAR, Safe, DRESSX, The Fabricant and Panoptic among others.