Why Carrot?

DeFi on Solana is powerful — but it's fragmented. Dozens of lending protocols, each with different rates, risks, and interfaces. Yield opportunities shift constantly. Managing positions across multiple platforms means connecting wallets everywhere, tracking rates manually, and rebalancing when conditions change.

Most users either pick one protocol and hope for the best, or give up on optimizing entirely.

Carrot exists to solve this.

The problem

If you want to earn yield on stablecoins today, you have to:

1. Research which lending protocols offer the best rates
2. Evaluate each protocol's risk profile and audit history
3. Deposit into one (or manage positions across several)
4. Monitor rates continuously — they change frequently
5. Rebalance manually when better opportunities appear
6. Track your returns across fragmented interfaces

This is time-consuming, error-prone, and impractical for most people. The users who benefit most from DeFi yield are often the ones with the least time to manage it.

The Carrot approach

Carrot replaces this complexity with managed products:

• Aggregation — CRT routes capital across 8+ lending protocols simultaneously, capturing yield from wherever it's highest
• Automation — Rebalancing happens at the vault level when it benefits all holders collectively. No manual intervention required.
• Managed risk — Diversification across protocols and stablecoins reduces single points of failure. Active monitoring detects issues early.
• Products for every risk profile — From passive stablecoin yield (CRT) to leveraged exposure (Boost, Turbo), Carrot meets users where they are

Why not just use protocols directly?

You can — and there are good reasons to. Direct lending gives you full control over where your capital goes.

But Carrot offers advantages that are difficult to replicate manually:

Carrot automates what an experienced DeFi user would do manually — but does it continuously, across more protocols, with built-in risk diversification.

Origin story

Carrot was built by Jack Rieck and James Blair — longtime builders in the Solana ecosystem who found themselves frustrated by the same problems their users face. Too many protocols, rates that change constantly, and no simple way to measure whether active management was even beating a passive approach.

They realized that as DeFi lending protocols become more commoditized, the value moves to aggregation and automation. The goal: a simple, single-token experience that captures the best of DeFi lending without the overhead.

An asset that can be yield bearing — like USDC, USDT, or PYUSD — ought to be continually earning for you, up until the very moment it is needed for a transaction.

That principle drove the creation of CRT, and it extends to everything Carrot builds: products should work for you, not require you to work for them.

What Carrot doesn't do

• No speculation products — Carrot's yield comes from real lending interest, not token emissions or unsustainable incentives
• No hidden fees — All costs are visible before every transaction
• No lock-ups — Withdraw from CRT at any time. Close Boost positions at any time.
• No hand-waving about risk — Every product page names specific risks and explains mitigations

Next steps

• Product Overview — See all Carrot products and find the right one for your goals
• What is CRT? — The simplest way to start earning on Carrot
• FAQ — Common questions answered