Carrot 🥕
@DeFiCarrot
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Following
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We make DeFi easy with just one token. Not your average Carrot...
Solana
Joined March 2024
Don't wanna be here?
Send us removal request.
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Pinned Tweet
"How will a vegetable take over Solana DeFi?"
Here's how one simple token will change everything!
Introducing Carrot 🥕
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Carrot Beta: Early Access 🥕
Excitement is building as we approach our beta launch!
Early access spots are limited, so don't miss out.
Sign up now:
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Before Carrot, DeFi yield was a headache.
Managing multiple protocols? Exhausting.
Without it? Sub-optimal gains.
Simplify DeFi with one token. Choose Carrot 🥕
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Maximize your yields with one token - Carrot 🥕
Coming soon to Solana...
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Carrots 🤝 Art
We're hyped to launch our campaign with
@drip_haus
today.
A special thank you to
@designzbychance
,
@Mjuleslik
and
@bunjil
for the perfectly illustrated Carrots 🥕
p.s. We'll be hosting a space tomorrow. Set a reminder below 👇
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We are excited to introduce "Carrot Chronicles"!
A weekly series to help you become a DeFi pro.
This week? "What are Yield-Bearing Tokens?" Let's dive in 👇
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Carrot Beta: Sign-ups are now Closed!
If you signed up in time, you'll benefit from a higher deposit limit!
Missed out? Don't worry, turn on notifications to catch round 2...
P.S. Sign-ups via our DRiP campaign will be closing soon! 🥕
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A single Carrot will outperform 99% of participants this cycle.
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"How does Carrot have the best rates?"
It's time to talk about our automated rate maximizer
Here's how we're taking over Solana DeFi 🥕
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Our docs are live!
Curious to learn more about Carrot? Dive into our detailed documentation here: 🥕
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Carrot Beta Sign-up : Final Round
The final-round will be limited to just 1,500 participants.
Carrot is coming soon… 🥕
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What happens when you drip water on a carrot…
Does it grow? 🥕💧
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A little 🧵 on why + what we're building at 🥕
With DeFi today, once you decide to put your tokens to work and earn yield you quickly find:
🧐 choices are overwhelming
🎢 lending yield rates change rapidly
👀 deposits no longer visible in your wallet
🕵🏻♂️ hard to track true APY
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10k+ Sign-Ups for our Beta…
Seems like people are hungry for Carrots.
Final Round: Thursday 2pm UTC. Don't miss it 🥕
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Higher yields shouldn’t be just a dream.
Carrot’s Multi-Token Approach makes it a reality.
Here’s how we're changing the game 👇🥕
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What now? How do you get involved?
We're heating up, things are closer to release than you might think.
Join our Telegram to stay on top of everything. You might even be rewarded for joining early... 👀
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Simple DeFi with
@DeFiCarrot
🥕
Claim a free, limited edition Sponsored Collectible by DRiP creators
@Mjuleslik
,
@designzbychance
, and
@bunjil
to gain early access to Carrot.
Earn DeFi yield without speculation risk.
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"Amazing! How can I get started?"
Sign-up for our Beta is currently closed, we'll be opening our final round soon.
Keep an eye on our Twitter and join our Telegram so you don't miss it!
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Risks
Carrot tactically diversifies its funds, which prevents a single point of failure.
Carrot is never "all in" on one lending opportunity. We constantly adjust our positions to capture maximum upside, with minimal downside.
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Continually Compounding Carrot…
don’t you think your funds deserve to earn high yields… Continually…
Continual rebalancing vs per hour
While it's obvious why earning a better rate quicker is better for your bags. Exactly how much better is it?
The graph below demonstrates how continually evaluating rates and reacting quickly when they change (represented by the orange line)
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What is Carrot?
Carrot is the easiest way to passively benefit from DeFi on Solana. The coolest part? You only need to simply hold one token.
But why did we do this?
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Yield Optimization
Carrot is a single token, which allows us to accrue the highest average yield with less risk.
We re-balance funds every 2 minutes, so your money can catch higher APR's, quicker!
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Join our Telegram for more updates!
You won't want to miss our launch...
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There are many technical challenges behind the curtain necessary to pull off what appears "simple" to the end user...
Good thing we've previously built large scale consumer apps/systems, widely used Solana protocols, and were on the forefront of compression on Solana
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Follow us
@DeFiCarrot
to track our progress and be the first to know when our Liquid Yield Token goes live
🥕
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Yield in one place.
Similar to LSTs, Carrot allows users to quickly check in on their gains.
No connecting to sites, no tedious process to see your yield.
Carrot lives in your wallet!
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Form is now closed for now.
Congrats to those who made it in the first round
🤝
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DeFi must change!
Currently, DeFi is complicated, confusing and extremely time-consuming.
Not only this, but yields are constantly changing, making it difficult for users to capture high yields while mitigating risks.
Carrot changes everything.
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How to get started:
Join our exclusive Telegram group for updates and more information.
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We offer the optimization of a Yield Aggregator, the tokenomics of a Liquid Staking Token, and the simplicity of just holding it in your wallet.
This is passive investment at its finest people...
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So we challenged ourselves to make the DeFi product we wanted to have
🥇 a single token you earn yield by holding
🔁 capture the best yield rates by rotating funds
💦 provide liquidity for market pricing your wallet sees
📈 track real APY from a verifiable source of truth
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Rebalancing involves moving assets or funds between multiple lending protocols to maximize the available yield.
It focuses on adjusting resources to seize market opportunities and maximize returns within decentralized finance.
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Carrot's continual rebalancing does not mean we are always moving money around every instant.
It means we are continually EVALUATING the on-chain data to determine if a better opportunity exists if the funds we're distributed differently
aka move money from lower rate pools
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What are Yield-Bearing Tokens? (YBTs)
YBTs allow you to earn interest or returns over time, just by holding them.
Unlike regular tokens whose value can change rapidly due to people buying or selling them, YBTs steadily increase in value because of the yield accumulated.
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Risk Management
Our tokenized approach allows us to be more fluid and more efficient, which allows us to manage risk better.
This means Carrot can tactically diversify our funds, preventing a single point of failure.
We never go "all in" on one lending opportunity.
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"How do I deposit?"
Our Beta sign-up is now closed!
For those who missed it, turn notifications on and join our Telegram 👀
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Carrot uses a single "yield-bearing token" to streamline your DeFi investments.
But what does that mean? and why is that important?
In this thread, we'll cover how they work, the advantages they offer and how they allow us to manage risk.
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Continual rebalancing vs per hour
While it's obvious why earning a better rate quicker is better for your bags. Exactly how much better is it?
The graph below demonstrates how continually evaluating rates and reacting quickly when they change (represented by the orange line)
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"Isn't rebalancing all the time expensive?"
Carrot operates as a single pooled token, consolidating funds efficiently.
This enables us to rebalance for EVERYONE's benefit with one bundled transaction, managing risk effectively while optimizing our strategies in real-time.
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Before discussing Carrot's unique approach to rate maximizing, let's cover the basics.
What is rebalancing? and why should you care?
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"Can't I do this manually?"
Sure, you could try, but matching Carrot's performance and speed is nearly impossible to do manually.
Your time matters, so let Carrot handle it for you.
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When a user exchanges stablecoins for our token, the Carrot protocol performs the exchange using the latest NAV price.
Issuing new tokens has no effect on price since more assets are deposited at the NAV rate!
⬆️ AUM ÷ ⬆️ Supply = Same NAV!
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But doesn't this already exist? Why are you better?
DeFi 1.0 opened the door and has proven various parts of our vision to be valuable
We stand on the shoulders of giants today and made what we see as the perfect balance of features with a hyper-focus on simplicity for holders
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tldr:
1. 💸 Deposit stablecoins, receive Carrot
2. 👀 We continually monitor lending rates
3. 🔄 If moving funds would capture a better rate, we reblance funds
3. 📈 Carrot's AUM grows in value
4. 🥕 Swap back whenever!
"Are they volatile?" 👇
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As yield accumulates, the AUM grows 📈 and token supply stays the same which raises the price.
⬆️ AUM ÷ ⏹️ Supply = ⬆️ NAV
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We optimize asset allocation with one quick transaction. Our automated system diversifies risk, reacts quickly to markets, and maximizes returns.
You have better things to be doing, so let us take care of it.
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For example, USDT lending rates can sometimes be higher than USDC.
Carrot's "Automated Rate Maximizer" will flag this and move a calculated % of funds to the higher rate via USDT.
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@LilPiSa1
Can confirm now that you were in fact... very early.
Pays to be in the TG and get the scoop first
🥕
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Put simply, no!
The Carrot token is not a volatile asset, and won't fluctuate based on how many people buy or sell it.
The price simply grows in value as earned interest is added to the pool of assets.
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Have any questions?
Join our Telegram! Our team are eager to hear your thoughts 👇
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At Carrot, we divide our pool between USDC/USDT to capture higher rates across both assets.
This means your funds are both more diversified and better positioned to achieve higher returns.
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What are the main benefits?
- Compound Interest: The returns you earn are automatically reinvested, earn interest on your interest
- Efficiency: A single pool allows us to rebalance with a single transaction
- Easy to Use: You can simply check the value/growth in your wallet!
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Why single-token approaches limit your gains:
Sticking to USDC means missing out when USDT (+ others) offers higher returns (and vice versa).
Plus, a lack of diversification ignores market risks.
Carrot is doing things differently 🥕
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@0xBaklava
@bluemoose123
would be hard pressed to be any cleaner I'd say... and I grew up in the dirt
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@CryptoKid1981
Can confirm now that you were in fact... very early.
Pays to be in the TG and get the scoop first!
🥕
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Carrot receives deposits via 2 different methods on Solana:
• $USDC
• $USDT
We're also exploring other stablecoins to add in the future. ($PYUSD)
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@DecentricStudio
@minne_ape_olis
@uselulo
There isn’t any liquidation risk involved! No leverage is being taken and the yield token is similar to an LP token in a way.
Join our TG and ask more questions if you have them!
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@DegenerateKong
@JustJB
@MikeIsNGMI
@dgoldzz
@cryptojeffe
@AndreaMelchiore
@js_nft
@MySlimes_
@justinzard
you mean human friends
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How does that work?
The token price or Net Asset Value (NAV) is simply calculated by dividing: Assets Under Management (AUM) by Token Supply
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All yields are pooled together into one Carrot ($CRT) token!
This means no matter which method you choose to deposit with, your yield will remain consistent.
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Having multiple deposit options gives you flexibility as a user to choose your preferred method.
It also allows Carrot the freedom to spread across multiple pools, which diversifies the risk whilst maintaining higher yield rates.
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@shihuaw
@SolanaFndn
@BuildWithMonkes
@deanslistDAO
@SuperteamDAO
@hackerhouses
@drebaglioni
6.5 continents is perhaps the best data point you could have given
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@0xMert_
@ColosseumOrg
I blame mert for the algo… I mean it’s the RPCs fault… erhm… I mean…
Ok ok… will do more
🥕
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