Audit Complete!Our audit from Sec3 is complete - Read the report 

The yield bearing token, that actively works for you.

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  • Continually monitors the chain for the best rate
  • Risk management protections built in
  • No slippage when buying or redeeming
  • Tax efficient token appreciation

  • Efficient

    We move assets between protocol pools to rebalance with a single transaction instead of multiple fractured steps.

  • Transparent Result

    Straightforward yield based on realized numbers. The token value is based on earned yield, not some phantom promise.

  • Managed Risk

    Spreading funds out removes a single point of failure, and allows us to respond programmatically to black-swan events.

  • Multi-Token

    Dividing the pool between USDC/USDT, increases our ability to capture peak rates and not be limited to one asset.

  • Simple Experience

    A token stays in your wallet and doesn’t require connecting to a site to view performance/value.

  • Speed

    Our program analyzes the market every minute to find the optimal allocation that will earn a better return.

How it works How does the Carrot token work?

Earn yield without speculation

  • Deposit USDC/USDT in exchange for CRT

  • The vault constantly lends the deposits to capture the leading rate between the top 5 protocols on Solana.

  • Earned yield accrues to the vault balance, increasing the value of CRT token

  • Exchange CRT anytime for your share of the vault, or directly through a swap

Frequently Asked Questions

Can’t find the answer you’re looking for? Reach out in our Discord support channels.

Carrot is a dapp on the Solana blockchain that helps users earn high yields on their stablecoins in an automated format. It uses a single yield-bearing token to simplify investments and continuously monitors and optimizes yield opportunities across the Solana borrow/lend platforms such as Kamino, MarginFi, and others.

We love real yield! The yield is earned through automated optimization algorithms that smart-routes stablecoin lending, ensuring that funds are continually rebalanced to capture the best rates. Yield is paid in stablecoins.

Yield is automatically accrued and reflected in the value of the Carrot token held in your wallet. When you redeem your CRT tokens, you receive back the initial stablecoins you deposited and the yield accrued.

You can withdraw your stablecoins at any time without any lockup period. The process is designed to be straightforward and flexible to meet users' needs.

You can obtain CRT (Carrot tokens) by minting using your USDC directly from our dapp, or swapping for CRT through a dex offering a liquidity pool aggregated on Jupiter.

For more detailed information, please visit Carrot Documentation.

There are always risks when interacting with dapps and DeFi. The underlying stablecoins (USDC/USDT) can lose their peg to the US dollar. A significant exploit or hack can occur to Carrot or the pools that Carrot operates within on various borrow/lend protocols. Carrot takes precautions by actively monitoring partner protocols on the blockchain level to be among the first to know and mitigate potential issues, but it cannot eliminate this risk.

Carrot employs risk management strategies, including diversification across different yield opportunities and continuous monitoring of the platform's performance and partner protocols inflows/outflows to mitigate potential risks.

Yes, Carrot has undergone audits to ensure the security and reliability of the platform by industry-leading firm Sec3 (famously known as the firm that Jupiter used for their audit). The full audit can be viewed here

Points earned on the platform may be linked to incentives or rewards, but are currently unreleased. Stay tuned!

Carrot does not currently charge any fees and is free to use other than a 0.1% redemption fee that protects participants from vault mint/redemption arbitrage. Carrot does not collect the redemption fee as revenue and the fee is applied back to the vault as yield. If Carrot does charge fees in the future, they will be deducted from the yield generated. Rates will always be displayed after fees for complete transparency.


For more detailed information, please refer to Carrot Documentation.