ChainCatcher news, the DeFi protocol Liquorice announced the completion of a $1.2 million pre-seed funding round, led by Greenfield Capital. L2 Iterative Ventures, Polymorphic Capital, Horadrim.Capital, HASH CIB, and the founder of 1inch also participated in the funding. The funds will be used to develop Liquorice.According to the Web3 asset data platform RootData, Liquorice is a DeFi protocol that enables auction-based price discovery and unilateral liquidity pools. The main mission of Liquorice is to provide efficient inventory management tools for professional trading firms and connect to core DeFi protocols such as 1inch and Uniswap X when settling trades based on intent.