Earn (CRT)
What is CRT?
What is CRT?
CRT is Carrot's yield-bearing token. When you deposit stablecoins (USDC, USDT, or PYUSD) into the Carrot vault, you receive CRT tokens in return. The vault automatically routes your capital across multiple Solana lending protocols, continuously seeking the best available yield. As yield accrues, CRT's value rises — no claiming, staking, or manual compounding required.
CRT is the core of Carrot's Earn product — it turns the complexity of managing lending positions across multiple protocols into a single token you hold in your wallet.
How it works in brief
- Deposit — Send USDC, USDT, or PYUSD to the Carrot vault
- Receive CRT — You get CRT tokens at the current exchange rate
- Yield accrues — The vault earns interest across 8+ lending protocols, increasing CRT's NAV (net asset value)
- Withdraw anytime — Redeem CRT for stablecoins plus your earned yield whenever you want
There are no lock-ups. CRT is fully liquid — you can transfer, hold, or redeem it at any time.
For a deeper look at vault mechanics, allocation strategy, and rebalancing, see How CRT Works.
Key features
- No management fees — Carrot charges 0% management fees on CRT. There is a 0.05% (5 basis points) fee on redemptions, which protects the vault from arbitrage.
- Multi-stablecoin — Deposit with USDC, USDT, or PYUSD. The vault diversifies across stablecoins to reduce single-asset risk.
- Automated optimization — The vault monitors rates across all integrated protocols and rebalances when it benefits token holders collectively.
- Fully liquid — No lock-up periods. Withdraw your stablecoins at any time.
- Single token — Hold one token (CRT) instead of managing positions across multiple protocols.
Supported stablecoins
| Stablecoin | Mint Address |
|---|---|
| USDC | EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v |
| USDT | Es9vMFrzaCERmJfrF4H2FYD4KCoNkY11McCe8BenwNYB |
| PYUSD | 2b1kV6DkPAnxd5ixfnxCpjxmKwqjjaYmCZfHsFu24GXo |
CRT token details
- Token mint:
CRTx1JouZhzSU6XytsE42UQraoGqiHgxabocVfARTy2s - Vault address:
FfCRL34rkJiMiX5emNDrYp3MdWH2mES3FvDQyFppqgpJ - View on Solscan: CRT on Solscan
Fees
| Fee | Amount | Notes |
|---|---|---|
| Management | 0% | No management fee. Carrot earns when users earn. |
| Redemption | 0.05% (5 bps) | Applied on withdrawal. Protects the vault from arbitrage. |
| Performance | None | — |
Risks
Understand the risks
CRT is not a guaranteed return. Key risks include smart contract risk across integrated protocols, stablecoin depeg risk, protocol exploit risk, and variable yield that fluctuates with market conditions. These risks are mitigated through diversification across 8+ protocols and multiple stablecoins, but they cannot be eliminated entirely. See Risks for more detail.
Next steps
- How CRT Works — Vault mechanics, allocation strategy, and rebalancing
- Product Overview — Compare CRT with Carrot's other products
- FAQ — Common questions about CRT and Carrot
- Deposit CRT on Carrot — Go to the app