September 12, 2024
Carrot, a DeFi project on the Solana blockchain, has successfully raised $600,000 in a pre-seed funding round. The investment was led by BOOGLE, DKS Ventures, and angel investors such as Dead King Society and Retired Chad Dev. Despite being operational for just two weeks, Carrot has already reached a Total Value Locked (TVL) of over $2 million. The project’s goal is to make decentralized finance (DeFi) more user-friendly.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
Carrot | $600K | September 12, 2024 | Pre-Seed | BOOGLE, DKS Ventures | DeFi |
About Carrot
Carrot is a decentralized finance (DeFi) platform on the Solana blockchain that helps users earn high yields on their stablecoins. It uses a single token to automatically find and invest in the best yield opportunities across various lending protocols. This means users can passively earn higher returns without constantly monitoring the market. Carrot also ensures tax efficiency by accumulating yield directly to the token price, making it a convenient long-term investment.
Website: https://deficarrot.com/
About Investor
The investment was led by BOOGLE, DKS Ventures, and angel investors such as Dead King Society and Retired Chad Dev
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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