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A DeFi hub on Solana offering managed yield, leverage, and borrowing — CRT, Boost, Turbo, and Lend & Borrow — with zero management fees.
Carrot is a DeFi hub on Solana that packages yield, leverage, and borrowing into managed products, so users get sophisticated DeFi strategies without manually connecting to protocols, monitoring rates, or rebalancing positions themselves. Its Earn product, CRT, is a yield-bearing stablecoin: depositing USDC, USDT, or PYUSD mints CRT, backed by a vault that automatically routes and rebalances capital across 8+ Solana lending protocols for the best available yield, with no management fees or lock-ups. Boost is leveraged yield farming — deposit yield-bearing assets like JLP, FLP, or ONyc, set a leverage level, and Carrot automates the looping while you monitor your position's health factor. Turbo tokens give managed leveraged exposure to assets like SOL, BTC, and GOLD through vaults that automatically maintain a target leverage and rebalance as needed — buy to go long, sell to exit, with no position management required. Lend & Borrow lets users supply tokens to isolated lending pools for interest or borrow stablecoins against yield-bearing collateral, running on the same infrastructure as Boost and CRT. Carrot charges 0% management fees across every product, keeps fees/rates/risks transparent up front, and has its smart contracts audited by Sec3 and MadShield.
RT @jsblair: http://x.com/i/article/2057218320059805696
6/ This is the final tweet.
5/ I wanted to personally say thank you to everyone who has been a part of Carrot. Trust is earned with consistent integrity and reputation is built in challenging circumstances. I hope we’ve done that well throughout the lifetime of Carrot to today
1/ Carrot is shutting down This is certainly not the outcome we wanted, but the situation with the Drift exploit, has proven to be catastrophic for our continued operations.
4/ Final tweet of the thread The last two weeks have been challenging and rough for a lot of people. Thank you for sticking with us and listening as we handled a tough situation. Trust is earned and I hope we can earn it again with integrity and consistency - JSB
Community sentiment around Carrot is decidedly negative, marked by nostalgia for a lost project, reports of user losses from security incidents, and exploratory rebranding work that suggests the project is defunct or struggling. Users express sadness and missed the platform, with limited positive forward momentum.
We gave @DeFiCarrot exploration some movement. Here's a closer look at the identity we imagined. https://t.co/MwjUVFKthF
Some of the Posters Branding and Animaton work done for the what was an idea of a hypothetical identity for @DeFiCarrot https://t.co/YXl4ucvWIZ
@sol_nxxn Still very sad for @DeFiCarrot 😔
@Sinikas_ @gumsays @DeFiCarrot Besides gold and BTC, which leveraged token would you be interested in?
@block_ach @DeFiCarrot @FireStratxyz what an awesome thing to hear! thank you if I can be of any help shoot me a DM anytime
@jsblair Please @jsblair will carrot ever come to life again?? I miss @DeFiCarrot
