The Solana yield optimization protocol Carrot has completed a $600,000 pre-seed funding round, with participation from DKS Ventures and others

ChainCatcher news, Solana yield optimization protocol Carrot has completed a $600,000 Pre-seed round of financing, with participation from BOOGLE, DKS Ventures, and angel investors Retired Chad Dev, DRiP founder vibhu, Nom, Kash Dhanda, ChartFu, Iced, and others.

According to RootData, Carrot is the simplest way to passively earn from Solana DeFi using a single token, which offers the highest average yield. By continuously monitoring each lending protocol, it rebalances funds when better rates are available. Carrot ensures that stablecoins achieve higher APRs more quickly, thereby efficiently and effectively optimizing returns.