what's carrot?
Carrot is a DeFi protocol built on Solana designed to simplify earning optimal yields across the ecosystem, particularly for stablecoins like USDC. It offers core products such as CRT, a liquid yield-bearing stablecoin that compounds returns automatically, and Boost strategies that enable leveraged yields up to 146% APY through partnerships like Adrena Protocol. The protocol emphasizes stability, full liquidity with no lockups or performance fees, and has demonstrated resilience during market stress tests with zero bad debt. Carrot recently closed a $600k pre-seed funding round to further its mission. It outperforms competitors by delivering consistent net APYs and turning idle stables into productive assets.
Carrot was featured by Solana's official social media as a tokenized metals project.
contract
solana
Spot Limit Orders feature is coming to the platform.
Pool 3 revamp is coming to the platform.
Preparing Ondo equity pool integration
Integrates with MagicBlock.
Seeker Campaign coming to platform.
Gold Pool launching on Carrot Finance
Launched $FAF rewards for the FLP.1 Boost vault, allowing users to earn $FAF tokens in addition to regular yield.
Featured in Solana's official social media post highlighting tokenized metals projects, alongside four other protocols in the precious metals and commodities tokenization sector.
integrated with ORE to enable leveraged ORE trading since the start of 2026
Launched Turbo feature enabling leveraged token buys with automatic collateral ratio maintenance and no liquidation risk at Breakpoint 2025. CRT, an aggregated yield token with protected leverage looping, featured in a Solana playbook Q1 2026.
Launches Puffer Gauges feature that enables vlPUFFER holders to vote on directing CARROT token emissions across different gauges each epoch and track gauge performance in real time.
Will present at Solana Breakpoint conference on day 2 (December 12) at 2:55pm discussing leverage products.
Initial leverage product supports SOL and BTC, with additional assets coming soon.
Launched looping market feature on Wasabi platform, enabling leverage on CRT's yield and a looping incentives program. Integrated with DeFiCarrot for ONyc looping, offering 18.69% APY plus 6x ONRe points.
Faces estimated 50% loss for CRT holders following Drift exploit on April 1, 2026; asked users to unwind Boost positions, redeem Turbo tokens, and works to open CRT redemptions at adjusted NAV. Deploys to Kamino, Jup lend, Gauntlet, Tradeneutral, holding no TVL exposure to Drift Protocol; CRT Vault (USDT/PYUSD) yields 5.1% 30-day average APY across Solana lending markets.
Launches Puffer Portfolio dashboard enabling users to track ecosystem assets, stake PUFFER/CARROT/pufETH, monitor DeFi positions, and claim CARROT rewards from a unified interface.
Received 10% APY over 12 months; now offers 11% APY on USDC lending on Solana.
A new version of the alpha stressnet software is released and developers plan for beta stressnet phase, progressing FCMP++ development beyond initial alpha testing.
Staking program offers 27.7% average APR in CARROT incentives for PUFFER stakers, with 6K+ holders and 22.7M PUFFER currently staked.
Launches on-chain proprietary firm trading model powered by gTrade on Arbitrum and begins accepting new funded traders.
The protocol accepts USDC deposits and is integrated with DeFi protocols including Loopscale and Hylo for yield farming strategies, with one trader noting that borrowing USDC against sHYUSD and depositing into the protocol results in losses.
CARROT and FCMP++ are currently running on the first testnet (alpha stressnet) with the Monero community invited to participate in ongoing testing.
The protocol successfully passed a major stress test with zero downtime and no issues during recent market volatility.
Token offers higher yields than US competitors and 2x European fintech yields, with no lockup period.