Carrot Protocol Overview

Carrot Protocol operates CRT, a yield bearing token which is 100% collateralized by a basket of stablecoins. The protocol invests the stablecoin deposits into yield bearing protocols and distributes the yield to CRT token holders, the price of CRT reflects the accrued yield.

Issuance

• Users deposit supported stablecoins (USDC, USDT, PYUSD)
• CRT tokens minted 1:1 based on deposit amount in USD
• Funds are deposited into yield bearing protocols
• CRT token price increases as yield is earned, reflecting accrued value

Redemptions

• Users can redeem CRT tokens back to stablecoins
• 0.05% redemption fee applied
• Redemption amount includes initial deposit plus earned yield