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 integrated with ORE for leveraged ORE trading since early 2026.
contract
solana
integrated with ORE to enable leveraged ORE trading since the start of 2026
Launches Turbo Tokens at Breakpoint 2025, a new product that provides leveraged exposure to different assets with no liquidation risk.
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.
Launches new looping market feature on Wasabi platform that allows users to apply leverage to CRT's built-in yield.
A crypto trader discloses they are an investor holding "a good chunk of CRT" and describes it as a tokenized on-chain fund with transparent deployment to Kamino, Jup lend, Drift lend, Gauntlet, and Tradeneutral for yield generation.
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.
Announces that users received 10% APY in aggregate over a 12-month period.
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.