Liquorice

Liquorice is an intent-based trading liquidity protocol connecting private market makers (PMMs), solvers, and major meta-aggregators such as CoW Swap, 1inch, and Uniswap X. Its core business: PMMs submit quotes through a unified RFQ API; Liquorice's off-chain service selects the best quote and ensures on-chain settlement. PMMs can quote with their own inventory or borrow tokens from lending pools with collateral as low as approximately 20%, without needing to hold all tokens in advance. This addresses two pain points: low capital efficiency and complex inventory management for market makers; and high integration costs or unreliable quotes when solvers connect multiple market makers. The core competitive edge is an intent + lending pool design that enables low-capital market making and single-point access to private liquidity, with quote validation and settlement guarantees handled protocol-side. In the last six months (March–September 2026), no reliable public information was disclosed about version releases, operational metrics, or major events; public docs still focus on PMM/solver integration and lending pools. No major negative developments in the past two years were identified.